Franco-Nevada (FNV) Tops Q1 EPS by 5c
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Franco-Nevada Reports Strong Q1 2016 Results and Increases Quarterly Dividend
May 4, 2016 4:00 PM EDTTORONTO, May 4, 2016 /PRNewswire/ -Â Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) is pleased to report its financial results for the first quarter of 2016. Â All figures are in U.S. dollars unless noted and highlights include:
Record 106,621 Gold Equivalent Ounces(1) ("GEOs"), a 25% increase over Q1 2015; Record $132.0 million in revenue, a 21% increase; Net Income of $30.0 million, or $0.18 per share; Adjusted Net Income(2) of $28.0 million, or $0.17 per share; Adjusted EBITDA(3) of $103.7 million, or $0.62 per share; $500 million acquisition of a precious metals stream with reference to production from... More