Franco Nevada Misses Quarterly Estimates

Mining Weekly reported that Franco Nevada stock price took a hit on disappointing quarterly results.

As quoted in the market report:

The company posted a loss of $33.1-million or 23c a share for the quarter ended December 31, after being hit by a $74.1-million impairment charge on the value of its Arctic Gas assets, in Northern Canada, and an $8.6-million charge on other long-term investments.

To view the whole Mining Weekly report, click here.