Franco-Nevada Aktie

Bergbau in Lateinamerika wird zum Risiko – Europa mit stabilen Alternativen

Lateinamerika ist ein Schwergewicht im globalen Metallbergbau. Doch die Entwicklungen in Mexiko, Chile, Panama und Co. in diesem Jahr offenbaren schonungslos: Die Situation für Explorer und Minenbetreiber verschlechtert sich deutlich und auf Dauer. Bergbauprojekte in Europa könnten dadurch aufgewertet

Bangen um Kupfermine in Panama

https://www.miningscout.de/unternehmensnews/bergbau-in-lateinamerika-wird-zum-risiko-europa-mit-stabilen-alternativen/

In Panama muss First Quantum Minerals seit geraumer Zeit um die Kupfermine Cobe bangen. Cobe steuert 5 % zum BIP Panamas und 1 % zur weltweiten Kupferproduktion bei.

Im Dezember 2022 stoppte die Regierung von Panama Gespräche über eine neue Konzession und drohte mit der Stilllegung des Betriebs. Diese folgte im Februar 2023, nachdem der Kupferkonzentrat-Verladebetrieb in Port Rincón aufgrund eines Beschlusses der Panamá Maritime Authority eingestellt wurde.

Es folgte ein zähes Ringen um Steuern und Gebühren. Im Oktober 2023 genehmigte der Kongress den Gesetzentwurf für einen neuen Vertrag. Die Entscheidung wurde durch massive Proteste gegen den Bergbau im ganzen Land begleitet. Nun muss das oberste Gericht des Landes über den Vertrag entscheiden.


dazu passend.

Franco Nevada revises targets after First Quantum update

Franco Nevada will be affected by any decision to halt production as the Toronto based royalty and streaming company, recently garnered 15% of its revenue in a single quarter from Cobre Panama. Franco-Nevada bears no cost for the production that isn’t delivered the company has said.

First Quantum is a diversified mining company that is engaged in the production of copper, nickel, gold and zinc. It has operating mines in Zambia, Finland, Turkey, Spain and Mauritania.

Cobre Panama is First Quantum’s flagship operation. It is a huge open-pit copper project located in the Panama jungle, about 120 kilometres west of Panama City and ranks as First Quantum’s key asset.

On March 8, 2023, First Quantum and the government of Panama reached an agreement covering terms and conditions for a refreshed concession contract at Cobre Panama. Panama’s government and the mining company agreed on a contract which would guarantee the Central American nation annual income of US$395 million while allowing First Quantum’s local unit to operate the Cobre Panama project, an open pit copper mine for at least 20 years.



https://www.mining.com/franco-nevada-cuts-guidance-on-cobre-panama-mine-woes/ mehr »

Gold
Franco-Nevada Q3 revenue declines 6.1%, but maintains strong financial position

The overall Q3 revenue decline is due to rising gas and oil prices


Franco-Nevada Corporation (TSX: FNV) (NYSE: FN) says that expanding existing mines and developing new ones will drive its growth over the next five years.

In spite of the company’s optimistic projections, company revenues were USD$309.5 million, which indicated a decline of 6.1 per cent over its Q2 revenue of USD$329.9 million, but an increase by 1.7 per cent over its earnings from Q3, 2022. The company said in the Q3 financial statement released on Thursday that the yearly increase has compensated for its decline in revenue from its diversified assets, which occurred due to the decrease in oil and gas prices compared to the year prior.

Revenue from precious metals constitute 77.8 per cent of Franco-Nevada’s total revenue, with 64.5 per cent attributed to gold, 10.2 per cent to silver, and 3.1 per cent to PGM (Platinum Group Metals). The revenue breakdown by region showed that 88 per cent was sourced from the Americas, with 28.7 per cent from South America, 28.4 per cent from Central America and Mexico, 15.9 per cent from the United States and 15.0 per cent from Canada.

Franco-Nevada maintains a strong financial position despite the decline in revenue, boasting a total absence of debt and a substantial USD$2.3 billion in available capital as of September 30, 2023. During the last quarter, the company demonstrated robust financial performance by generating USD$236.0 million in operating cash flow, and offering the sixteenth annual dividend increase. Shareholders now receive a quarterly dividend payout of USD$0.34 per share.

Diversified assets decline due to lower gas and oil prices

Franco-Nevada’s diversified assets, which consist of its iron ore and energy interests, recorded revenue of USD$68.7 million, a decline from USD$97.5 million in Q3 2022.

This decrease can be attributed primarily to lower oil and gas prices compared to the relatively high prices in the same period the previous year.

Revenue from the iron ore Vale S.A (NYSE: VALE) royalty increased compared to Q3 2022. This boost was driven by higher estimated iron ore prices relative to the prior year quarter.

The company’s attributable interest in revenue remained relatively consistent with Q3 2022. However, Rio Tinto Group (ASX: RIO) (NYSE: RIO) (LSE: RIO), which operates the iron ore company in Canada, faced challenges including extended plant downtime and the wildfires in Northern Quebec in the second quarter of 2023.

Meanwhile, Lundin Mining (TSX: LUN) started an extensive exploration program into the Caserones mine, including a drilling phase of over 10,000 meters. The company expects results in the first half of 2024.

In the Energy sector, revenue from Franco-Nevada’s U.S. energy interests decreased compared to Q3 2022, primarily due to lower realized oil and gas prices. However, the impact of these lower prices was partially mitigated by approximately $1.3 million in lease bonus revenue related to the company’s Haynesville interests.

Higher production from the Permian assets was noted due to the completion of new wells. Meanwhile, revenue from Canadian Energy interests remained relatively consistent with Q3 2022. For the Weyburn Net Royalty Interest (NRI), the effect of lower prices was partially offset by reduced operating and capital expenditures at the Weyburn Unit.

https://mugglehead.com/franco-nevada-shows-strong-financial-position-despite-q3-revenue-decline/


-----------------------------------------------------

Franco-Nevada Corporation

Franco-Nevada 3Q earnings top estimates as precious metals assets shine

Franco-Nevada Corporation (TSX:FNV) after Wednesday’s close announced third-quarter 2023 adjusted earnings per share (EPS) that increased 10% year over year to US$0.91, surpassing Zacks Equity Research's consensus forecast of US$0.88.

Its revenue for the period, meanwhile, rose 2% to US$309.5 million.

"Our core precious metal assets anchored the quarter, resulting in increased revenue and earnings over the prior year period," Franco-Nevada CEO Paul Brink said in a statement.

"We are looking forward to added precious metal contributions from a number of new mines in 2024 and, in particular, from the Tocantinzinho stream where G Mining Ventures is progressing construction on time and budget," he added.

Franco-Nevada noted that precious metals sales accounted for 77.8% of its revenue, about 64.5% of which was from gold as the company benefitted from a higher gold price during the quarter.

The company added that it has no debt and $2.3 billion in available capital as of September 30, 2023

https://www.proactiveinvestors.com/companies/news/1032653/franco-nevada-3q-earnings-top-estimates-as-precious-metals-assets-shine-1032653.html mehr »

https://www.reuters.com/markets/commodities/miner-first-quantum-faces-rocky-road-panama-protesters-dig-2023-11-01/ mehr »

Franco Nevada bleibt die beste und risikoärmste Möglichkeit, in den Gold- und Rohstoffsektor zu investieren. Werde meine Position in Franco Nevada bis Ende des Jahres noch massiv ausbauen. 2024 dürfte nach 3 Jahren mehr oder weniger seitwärts wieder ein sehr gutes Goldjahr werden. Argumente hierfür:
• die Zinserhöhungen, die den Goldpreis bislang gedeckelt haben dürften weltweit bis spätestens zum Jahresende auslaufen
• aufgrund der erfolgten Zinserhöhungen dürfte sich die globale Konjunktur in 2024 weit schlechter entwickeln, als derzeit von den Auguren erwartet
• im Laufe des Jahres 2024 werden die Notenbanken daher zu Zinssenkungen gezwungen sein, auch dann, wenn die Inflation noch oberhalb der Zielmarken der Notenbanken liegen sollten

=) ideale Voraussetzungen für ein sehr gutes Goldjahr 2024. Persönlich erwarte ich im Jahr 2024 eines der besten Goldjahre der letzten 20 Jahre mehr »

Weitere Analysen - Thread: Charts 2023 by Chartier mehr »

Kauflimit ca. 144,8



Nicht günstig, aber zuverlässig

Entwicklung seit Gründung 12/2007



Juni Präsentation
https://s201.q4cdn.com/345177888/files/doc_presentation/2023/06/Franco-Nevada-2023-June-Presentation.pdf mehr »

Hallo zusammen. Ich baue mir hier zurzeit nach und nach eine schöne Position auf. Man profitiert ja nicht nur von steigenden Gold Preisen, sondern auch von stark steigenden Öl- und Gasnotierungen. Viel Erfolg allen mehr »

Franco-Nevada: Net Cash Keeps Growing
Mar. 20, 2023 11:50 AM ETFranco-Nevada Corporation (FNV), FNV:CAWPM, WPM:CA, SAND, SSL:CA, OR, OR:CA6 Comments

https://seekingalpha.com/article/4588747-franco-nevada-net-cash-keeps-growing mehr »