- Franco-Nevada released its Q3 results Wednesday and reported that quarterly attributable gold-equivalent ounce production was up 1% year-over-year.
- This marginal increase in attributable production combined with higher metals prices allowed the company to report record revenue of $279.8 million.
- While a strike at Candelaria could weigh on Q4 attributable production, Cobre Panama is back in full production ahead of schedule and should help to offset this minor headwind.
- I continue to see Franco-Nevada as a Hold, and I see the current correction below $138.00 as a low-risk buying opportunity for long-term investors.
For further details see:
Franco-Nevada: Back On The Sale Rack