Business
Franco-Nevada Announces Record Q2 Results, New Royalties and NYSE Listing
Q2 2011 Highlights (US dollars) Record quarterly revenue of $106.3 million, a 112%...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n\n\nQ2 2011 Highlights (US dollars)\n\n\nRecord quarterly revenue of $106.3 million, a 112% increase\n year-over-year\n\n\nRecord quarterly Adjusted EBITDA(2) of $82.6 million (or $0.65 per share)\n\n\nRoyalties acquired on Perseus Mining's Central Ashanti and Osisko's\n Canadian Malartic projects\n\n\nNew unsecured credit facility with lower costs to replace previous\n arrangement\n\n\nCommencement of trading on the NYSE expected September 8, 2011\n\n\nTORONTO, Aug. 9, 2011 /CNW/ - Franco-Nevada Corporation (TSX: FNV) today\n reported its financial results for the three and six months ended June\n 30, 2011.  Effective January 1, 2011, Franco-Nevada adopted\n International Financial Reporting Standards (\"IFRS\") with comparative\n financial information restated in accordance with IFRS. All figures are\n in US dollars unless otherwise noted. The complete interim Financial\n Statements and Management's Discussion and Analysis can be found today\n on Franco-Nevada's website at www.franco-nevada.com and by tomorrow on SEDAR at www.sedar.com.\n\n\nSelected Quarterly Financial Information: \n(Millions of US dollars, except per share amounts)\n\n\n \n\n\nThree months ended\n\n\nSix months ended\n\n\n \n\n\n \n\n\nQ2 2011\n\n\nQ2\n2010\n\n\n \n\n\nQ22011\n\n\n \n\n\nQ2\n2010\n\n\nRevenue\n\n\n$\n\n\n106.3\n\n\n$\n\n\n50.3\n\n\n$\n\n\n179.5\n\n\n$\n\n\n97.2\n\n\nOperating income\n\n\n \n\n\n45.3\n\n\n \n\n\n16.2\n\n\n \n\n\n78.2\n\n\n \n\n\n33.7\n\n\nNet income\n\n\n \n\n\n33.3\n\n\n \n\n\n22.3\n\n\n \n\n\n54.5\n\n\n \n\n\n37.3\n\n\nBasic earnings per share\n\n\n$\n\n\n0.27\n\n\n$\n\n\n0.20\n\n\n$\n\n\n0.45\n\n\n$\n\n\n0.33\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAdjusted Net Income(1)\n\n$\n\n\n33.2\n\n\n$\n\n\n6.3\n\n\n$\n\n\n54.6\n\n\n$\n\n\n15.0\n\n\nAdjusted Net Income per share(1)\n\n$\n\n\n0.26\n\n\n$\n\n\n0.06\n\n\n$\n\n\n0.45\n\n\n$\n\n\n0.13\n\n\nAdjusted EBITDA(2)\n\n$\n\n\n82.6\n\n\n$\n\n\n39.0\n\n\n$\n\n\n140.9\n\n\n$\n\n\n75.7\n\n\nAdjusted EBITDA per share(2)\n\n$\n\n\n0.65\n\n\n$\n\n\n0.34\n\n\n$\n\n\n1.16\n\n\n$\n\n\n0.66\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n&#x...