Reports Q4 revenue $320.4M, consensus $289.65M. Reports Q4 129,642 precious metal gold eq. ounces sold. "Franco-Nevada is reporting strong Q4 and annual results for 2022. Our Diversified assets outperformed due to elevated energy prices in the year", stated Paul Brink, CEO. "We are pleased that First Quantum and the Government of Panama have agreed on terms for a refreshed concession contract and look forward to Cobre Panama achieving its expanded throughput capacity later this year. Precious metal GEOs and Diversified production in 2023 are expected to be consistent with 2022. We are however guiding to lower total GEOs for the year as current energy prices are below 2022 levels. The organic growth in our 5 year outlook comes from both mine expansions and new mines. Franco-Nevada is debt-free, is growing its cash balances and has an active pipeline of growth opportunities."
Published first on TheFly
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