Franco-Nevada Corporation

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Franco-Nevada Corporation
Franco-Nevada.jpg
Founded 1985
Headquarters Toronto, Canada
Key People David Harquail President & CEO and Director
Products Gold-focused royalties
Website www.franco-nevada.com
Releases Company News

Franco-Nevada Corporation is a gold-focused royalty company with additional interests in platinum metals, oil and gas and other assets. It is the leading gold royalty company with the largest gold royalty revenues.[1]

The company trades under the symbol FNV on the Toronto Stock Exchange and is part of the S&P/TSX Composite Index. It has a portfolio of high-margin cash flow producing assets located principally in the United States, Canada and Mexico. The company also has a pipeline of royalties on projects that are under development as well as royalties on a large portfolio of exploration projects and other assets.

Franco-Nevada Corporation is a member of the World Gold Council.[2]

History

The royalty portfolio was assembled starting in 1985 by Franco-Nevada Mining Corporation Limited ("Old-Franco") and predecessor companies. In 2002, Old Franco was acquired by Newmont Mining Corporation ("Newmont").

A number of Old Franco employees remained with Newmont and managed the royalty portfolio as well as created additional royalties on the property portfolio of Newmont and Normandy Mining.

In late 2007, a team including some Old Franco employees formed Franco-Nevada Corporation and on December 20, 2007, acquired a portfolio of Newmont royalties and other intrests, completed an initial public offering ("IPO"), completed a bank debt facility and listed on the Toronto Stock Exchange.

In 2008 and 2009, the company raised additional equity in order to grow the royalty portfolio and continues to actively acquire and pursue new royalty assets.

Products and Services

Franco-Nevada Corporation operates as a gold focused royalty company with additional interests in platinum group metals, oil and gas, and other assets principally in the United States, Canada, and Australia.[3]

As of March 23, 2010, it holds interests in 196 mineral royalties, 114 operating and advanced oil and gas interests, and 184 undeveloped oil and gas interests. The company was incorporated in 2007 and is headquartered in Toronto, Canada with additional offices in Denver, Reno, and Perth.

Key People

References

  1. Company Overview. Franco-Nevada Corporation.
  2. World Gold Council Members List. World Gold Council.
  3. FNV Details. Bloomberg Businessweek.