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Franco-Nevada Reports Q3 Results; Earned Record GEOs, Revenue, Net Income, Adjusted Net Income and Adjusted EBITDA YTD in 2022
On-Track to Meet Full Year Guidance (in U.S. dollars unless otherwise noted) TORONTO, Nov. 7, 2022 /CNW/ - "Our diversified portfolio performed well in the
About this update from Franco-nevada Corporation
[{"type":"text","content":" On-Track to Meet Full Year Guidance (in U.S. dollars unless otherwise noted) TORONTO, Nov. 7, 2022 /CNW/ - \"Our diversified portfolio performed well in the quarter with declines in precious metal prices partially offset by strong oil and gas prices\", stated Paul Brink, CEO. \"Cobre Panama's record production for the quarter is not fully reflected in our Q3 GEO sales due to timing of shipments. Franco-Nevada has record GEOs, revenue, net income, Adjusted Net Income and Adjusted EBITDA for the three quarters through September 30, 2022 and is on-track to meet full year guidance. The weaker gold price environment has led to an increase in demand for royalty and stream financing. We are pleased to have acquired a royalty on Argonaut's Magino project in Ontario that is currently under construction and our business development group remains very active.\" Q3 2022 YTD 2022 Q3 results vs YTD results vs Q3 2021 YTD 2021 Total GEOs1 sold (including Energy) 176,408 GEOs -1 % 546,074 GEOs +0 % Precious Metal GEOs1 sold 120,542 GEOs -6 % 380,743 GEOs -9 % Revenue $304.2 million -4 % $995.3 million +2 % Net income $157.1 million ($0.82/share) -5 % $535.6 million ($2.80/share) +4 % Adjusted Net Income2 $159.7 million ($0.83/share) -4 % $532.7 million ($2.78/share) +5 % Adjusted EBITDA2 $256.7 million ($1.34/share) -5 % $844.5 million ($4.41/share) +3 % Margin2 84.4 % -1.1 % 84.8 % +0.3 % Strong Financial Position Earned record GEOs, revenue, net income, Adjusted Net Income and Adjusted EBITDA YTD in 2022 No debt and $2.0 billion in available capital as at September 30, 2022 Generated $232.3 million in operating cash flow for the quarter Quarterly dividend of $0.32/share Sector-Leading ESG Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG Named on the Corporate Knights'...