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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Franco-Nevada Corporation
Type
Public
Traded as TSX: FNV
NYSE: FNV
S&P/TSX 60 component
Industry Mining
Oil & gas
Predecessor Franco-Nevada Corporation
Newmont Mining Corporation
Successor Newmont Mining Corporation
Headquarters Toronto, Canada 2007 (2007)
Key people
Pierre Lassonde (Chairman), David Harquail (CEO)
Products Royalties
Website franco-nevada.com

Franco-Nevada Corporation is a Toronto, Ontario, Canada-based company that owns royalties and streams in gold mining and other commodity and natural resource investments. It is traded on the Toronto Stock Exchange and New York Stock Exchange.

The 'Old Franco-Nevada' was a publicly listed company on the Toronto Stock Exchange from 1983 to 2002. In 1986, Old Franco-Nevada made its first royalty acquisition, and acquired or created additional royalties and resource investments from 1986 to 2002. Following several royalty acquisitions in the 1980s and 1990s, Old Franco-Nevada sold its only mining property to Normandy Mining in exchange for 19.9% of the company's shares.

In 2002, Newmont acquired 100% of Franco-Nevada as part of a three-way combination of Newmont, Normandy and Old Franco-Nevada. Newmont maintained Franco-Nevada as a royalty holding division, transferring numerous other royalties to it over the five-year period following the acquisition, building its portfolio of royalties to include investments in almost 300 royalies (two-thirds in bases and precious metal miners, and one-third in oil and natural gas). In 2007 Newmont spun off Franco-Nevada in an Initial Public Offering.

Franco-Nevada initially began trading as a public gold exploration company in 1983 and was led by executives Seymour Schulich and Pierre Lassonde. At the time, oil and gas royalty ownership—but not gold royalty ownership—was an established business strategy. In 1985 Franco-Nevada raised $930,000 to purchase gold royalties in a follow-on offering. The company made its first royalty investment in 1986, spending half the corporate treasury ($2 million) to acquire 4% of revenues from a mine in Nevada owned by Western States Minerals. The mine had an annual production of 44,000 ounces (1,200,000 g) of gold. Franco-Nevada assumed that known reserves would allow the royalty to pay for itself regardless of additional exploration results. By 2002 the property generated $23 million annually for Franco-Nevada.

In 1988 Franco-Nevada purchased a royalty on the Castle Mountain mine in California. Despite the Castle Mountain mine being unsuccessful, losing money and eventually closing, Franco-Nevada collected triple its investment of $2.8 million.

Franco-Nevada further went on to purchase royalties in various other commodities, but continued its focus on gold.

In April 2001, Franco-Nevada sold the Nevada Midas mine, its only wholly owned mine, to Normandy Mining in exchange for 20% of Normandy and a five-percent royalty on the mine. That September, Anglo Gold made a bid for Normandy at a valuation 60% greater than Franco-Nevada's acquisition cost. Seeing the potential to take advantage of Newmont's rivalry with Anglo, Schulich and Lassonde approached Newmont Mining Corporation to discuss purchasing Franco-Nevada and Normandy, striking a deal richer than Anglo's offer, and ultimately valuing Franco-Nevada shares at a 22% premium.

In 2007 Franco-Nevada launched an initial public offering on the Toronto Stock Exchange, raising CA$1.1 billion which helped fund the US$1.2 billion acquisition of a large portfolio of royalties from Newmont. The listing was one of the largest in Canadian history, second only to the 2000 Sun Life IPO, and the largest mining IPO in North American History.

Investment goal date:
Dividends reinvested
Franco-Nevada Corporation FNV report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-07
--
--
Q4 2017
2018-03-20
--
--
Q3 2017
2017-11-06
--
--
Q3 2017
2017-11-06
0.3000
0.0000
Q2 2017
2017-08-08
0.2500
0.2500
Q1 2017
2017-05-09
0.2500
0.2500
Q4 2016
2017-03-22
0.2400
-0.0300
Q3 2016
2016-11-07
0.3000
0.3000
Q2 2016
2016-08-08
0.2200
0.2400
Q1 2016
2016-05-04
0.1700
0.1800
Q4 2015
2016-03-10
0.1500
-0.2000
Q3 2015
2015-11-11
0.1200
0.1000
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
APG Asset Management N.V.
1694541
BANK OF MONTREAL /CAN/
6857037
Beutel, Goodman & Co Ltd.
2113880
Capital World Investors
1899679
CIBC World Markets Inc.
2565447
First Eagle Investment Management, LLC
7180484
FMR LLC
13775611
FRANKLIN RESOURCES INC
2153524
PRICE T ROWE ASSOCIATES INC /MD/
9607249
PRUDENTIAL PLC
2569770
ROYAL BANK OF CANADA
4279915
TD ASSET MANAGEMENT INC
3237043
TORONTO DOMINION BANK
3004743
VAN ECK ASSOCIATES CORP
10773637
Vanguard Group, Inc
4076074
Major Shareholders
Name Relationship
Total Shares
Holding stocks