Franco-Nevada Corporation reported another record quarter, driven by soaring gold prices, strong contributions from new acquisitions, and a significant volume of GEOs sold.
- Total GEOs sold increased 26% YoY to 138,772, with precious metal GEOs up 41%.
- Revenue skyrocketed 77% YoY, reaching $487.7 million, driven primarily by high gold prices.
- Adjusted EBITDA rose by 81% YoY to a record $427.3 million, reflecting operational strength and margin stability.
- Recent acquisitions, including interests in Porcupine and Côté, are set to enhance long-term growth and production capacity.
- Positive developments at Cobre Panama signal potential for further revenue growth as the project may come back online.
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