Franco-Nevada Corporation - FNV.t

Franco-Nevada Corporation - FNV.t is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The majority of revenues are generated from high margin assets in North America.

On March 11, 2016, the company released News

"Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) is pleased to report its results
for the fourth quarter and year end December 31, 2015.
Q4 2015 Highlights
• Record 106,312 Gold Equivalent Ounces1 (“GEOs”), an increase of 14.6% over Q4 2014;
• $121.3 million in revenue (Q4 2014 - $123.0 million);
• Adjusted EBITDA2 of $95.8 million, or $0.61 per share (Q4 2014 - $96.2 million, or $0.62 per share);
• Adjusted Net Income3 of $23.7 million, or $0.15 per share (Q4 2014 - $31.6 million or $0.20 per share);
• Non-cash impairment charges of $62.8 million, predominantly related to oil interests; and
• Net Loss of $31.4 million, or $0.20 per share (Q4 2014 - Net Income of $1.6 million, or $0.01 per share).
2015 Highlights
• Record 360,070 GEOs (2014 - 293,415 GEOs), 22.7% higher than 2014;
• Record $443.6 million in revenue (2014 - $442.4 million);
• Adjusted EBITDA of $339.3 million, or $2.16 per share (2014 - $356.9 million, or $2.37 per share);
• Adjusted Net Income of $88.9 million , or $0.57 per share (2014 - $137.5 million, or $0.91 per share);
• Over $1.0 billion invested in 2015 followed by another $500.0 million in early 2016; and
• Declared dividends of $129.0 million, eighth consecutive year of increases.
“Franco-Nevada’s diversified portfolio continues to perform well,” stated David Harquail, CEO. “Overall, the underlying operations are meeting or exceeding our expectations. On top of this, we have been able to add significant new high-quality and long-duration assets that will further strengthen the portfolio and provide additional growth.
In just the last 18 months over $2 billion has been invested in these new assets and their initial performances have been excellent. Thanks to the support of our investors in our recent equity issue, Franco-Nevada has net cash and is well positioned for further investments.”

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http://canadastockjournal.blogspot.com/2016/03/franco-nevada-corporation-fnvt.html