Franco-Nevada (FNV) Tops Q1 EPS by 63c
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Franco-Nevada Reports Strong Q1 Results
May 5, 2021 5:00 PM EDTRecord Revenues and High Margins
(in U.S. dollars unless otherwise noted)
TORONTO, May 5, 2021 /PRNewswire/ - "Franco-Nevada's diversified portfolio outperformed in the first quarter generating record revenues and an 85% Adjusted EBITDA Margin," stated Paul Brink, President and CEO. "Antamina, Cobre Panama, and Hemlo made strong contributions along with our Energy assets that benefitted from a recovery in prices. We were delighted, post quarter-end, to acquire the Vale Royalty Debentures that, along with our Labrador Iron Ore Royalty Company investment, add to our base of low-risk long-life cash flow. The transaction... More
