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Franco-Nevada Reports Q3 2026 Results

  • Franco-Nevada reported Q3 2026 revenue of $549.3 million, a 13% increase year-over-year, driven by higher gold & oil prices despite slightly below-expectation precious metal GEO deliveries.
  • The company sold 130,435 GEOs in Q3 2026, a 6% decrease from the prior year, while net GEOs sold dropped 3% to 120,857.
  • Operating cash flow reached $429.2 million in Q3 2026, up 23%, & adjusted net income rose 33% to $364.5 million ($1.89 per share).
  • Year-to-date 2026 revenue hit a record $1,780.9 million, up 45%, & adjusted net income increased 63% to $1,172.0 million ($6.08 per share).
  • The company now tracks toward the mid-range of its annual guidance, with revised 2026 total GEO sales guidance narrowed to 525,000-555,000.
  • Cobre Panamá operations remain in a Preservation & Safe Management phase; the Panamanian Interministerial Commission recommended formal negotiations for a potential restart, & stockpile processing resumed after an October earthquake inspection.
  • Portfolio additions included an extended royalty on the Porcupine Complex in Canada for $8.0 million & a second tranche financing deal for the Bullabulling gold project in Australia.
  • A partial impairment reversal of $10.3 million was recorded regarding the Cobre Panamá stream due to the Government of Panama's authorization to process stockpiles.
  • Franco-Nevada announced a quarterly dividend of US$0.44 per share, payable December 17, 2026, to shareholders of record on December 3, 2026.
  • The company maintains a strong balance sheet with $4.8 billion in available capital & no debt as of September 30, 2026.
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Franco-Nevada Corporation
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Franco-Nevada Corporation