Franco-Nevada Reports First Quarter Results

Franco-Nevada Corporation (TSX:FNV) reported its financial results for the three months ended March 31, 2011.

The press release is quoted as saying,

Net income for the first quarter of 2011 was $21.2 million, or $0.18 per share, which included the $5.6 million gain, described above, $6.5 million in foreign exchange losses and $1.7 million in losses recorded from the equity accounting of our investment in Gold Wheaton, prior to the acquisition. Adjusted Net Income⁽¹⁾ for the first quarter was $21.4 million, or $0.18 per share, compared with $8.3 million, or $0.07per share, for the same period of 2010.

For the complete press release, click here.