Franco-Nevada Corporation (NYSE:FNV) shares are trading higher premarket on Monday after the company reported fourth-quarter results.
Revenue rose 6% year over year (+30% Y/Y excluding Cobre Panama) to $321.0 million, beating the consensus of $305.85 million.
The company saw strong production from Candelaria, new assets, and benefiting from record gold prices. The company sold 120,063 GEOs in the quarter, down 21% Y/Y, owing to impact of the production halt at Cobre Panama.
As of December 31, 2024, Franco-Nevada held 6,216 stream gold ounces and 150,000 stream silver ounces in inventory.
Adjusted EBITDA increased 9% Y/Y to $277.4 million in the quarter. Adjusted EPS of $0.95 exceeded the street view of $0.89.
Operating cash flow stood at $243.0 million. As of December 31, 2024, cash and cash equivalents came in at …
