Last quarter we published our first coverage of Franco-Nevada’s (TSX: FNV) earnings, and, quite rightly, referred to the results as being a bit of a sh*tshow.
The company’s second quarter results were marred by the loss of a major royalty over political activism in Panama, poor production at two key assets, and increased taxes.
Unfortunately for Franco shareholders, not much has changed in the third quarter, with gold equivalent ounces actually declining even further when compared to the second quarter results. On the bright side, at least the gold price led to some improvement.
Lets dive in.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
