Business
Franco-Nevada Reports Strong Q3 Results; 2021 Energy Guidance Increased
2021 Energy Guidance Increased (in U.S. dollars unless otherwise noted) TORONTO, Nov. 3, 2021 /CNW/ - "Franco-Nevada delivered a strong third quarter, setting
About this update from Franco-nevada Corporation
[{"type":"text","content":" 2021 Energy Guidance Increased (in U.S. dollars unless otherwise noted) TORONTO, Nov. 3, 2021 /CNW/ - \"Franco-Nevada delivered a strong third quarter, setting the stage for a record year in 2021. Our diversified portfolio continues to serve us well with strong contributions during the quarter from precious metals, energy and iron ore,\" stated Paul Brink, President & CEO. \"Higher energy prices have led us to increase our 2021 Energy guidance for the second time this year. Margins have moved higher this year due to the inflation-protected nature of our business model. Franco-Nevada is debt-free and is growing its cash balances.\" Record YTD results YTD/2021 Strong Q3 results Q3/2021 vs vs YTD/2020 Q3/2020 GEOs1 sold 462,926 +24% 146,495 +9% Revenue $972.3 million +36% $316.3 million +13% Net income $512.8 million ($2.68/share) +243% $166 million ($0.87/share) +8% Adjusted Net Income2 $509.1 million ($2.67/share) +44% $165.6 million ($0.87/share) +9% Adjusted EBITDA3 $822.5 million +40% $269.8 million +15% Margin4 84.6% +3% 85.3% +2% Strong Financial Position No debt and $1.6 billion in available capital as at September 30, 2021 Generated $206.9 million in operating cash flow for the quarter Quarterly dividend of $0.30/share Sector-Leading ESG Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG Committed to the World Gold Council's \"Responsible Gold Mining Principles\" Partnering with our operators on community and ESG initiatives Goal of 40% diverse representation at the Board and top leadership levels Diverse, Long-Life Portfolio Most diverse royalty and streaming portfolio by asset, operator and country Core assets outperforming since time of acquisition Growth in long-life reserves Growth and Optionality Acquisitions, mine expansions and new mines driving growth 10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake Long-term options in gold, copper and nickel Noront consolidation likely to accelerate development of Ring of Fire properties Quarterly revenue and GEOs sold by commodity Q3/2021 Q3/2020 GEOs Sold Revenue GEOs Sold Revenue # (in millions) # (in millions) Gold 94,829 $ 16...