Franco-Nevada Corp FNV

The organisation that was to become the Franco-Nevada Corporation (FNV) was established in 1983. It was then named the Franco-Nevada Mining Corporation Limited and was launched with an initial capitalisation of $2m. In 2002 the original company was acquired by Newmont Mining for $2.5bn. Franco-Nevada Corp is headquartered in Toronto, and is now a leading gold-focused royalty and gold streaming company, owning an extensive, diverse portfolio of cash-generating assets. The company is debt-free, allowing it to use its free cash flow to expand its portfolio and to pay dividends to stockholders.

The exchange symbol for the Franco-Nevada Corporation is FNV, and the shares are listed on the NYSE and the Toronto Stock Exchange. Since 2015, the FNV share price has grown from $44.10 in August 2015 to a high of $159.85 in July 2020.

Franco-Nevada puts a strong emphasis on minimising risk. It pays regular dividends and maintains a strong balance sheet through a range of assets that includes gold and gold equivalents around the globe, energy assets and other mining investments. The company maintains a focus on precious metals while also diversifying by commodity, geography and revenue type. The company paid an increased dividend in 2019 for the twelfth consecutive year.

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