BHPBF - Franco-Nevada's Q2: Record-High Attributable Production And Revenues
- Franco-Nevada's attributable gold equivalent production reached a new high of 166,586 toz.
- The revenues climbed to record highs as well, while the operating cash flow and net income remained robust and in line with previous quarters.
- Franco-Nevada increased its exposure to industrial metals by acquiring the Vale Royalty Debentures.
- BHP is acquiring Noront Resources, which is good news for Franco-Nevada that holds 1-3% NSR royalties on Noront's large Ring of Fire assets.
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Franco-Nevada's Q2: Record-High Attributable Production And Revenues