The Conversation (0)
Franco-Navada (TSE: FNV) is pleased to announce its results for 2017. The company states that the year brought record growth and results at the high end of its guidance for the year. Highlights for the year include 497,745 gold equivalent ounces, representing a seven percent increase for the year. Plus $675 million in revenue, which …
Franco-Navada (TSE: FNV) is pleased to announce its results for 2017. The company states that the year brought record growth and results at the high end of its guidance for the year. Highlights for the year include 497,745 gold equivalent ounces, representing a seven percent increase for the year. Plus $675 million in revenue, which represents a 10.6 percent increase year over year.
David Harquail, CEO commented:
“I am pleased that Franco-Nevada’s 10th full year since its IPO was its best year ever. We achieved record results that were at the high end of our guidance for 2017. We are now looking forward to another phase of growth through 2022 with the ramp-up of Cobre Panama over 2019-2022, the first phase expansion of Tasiast later this year and the second phase in 2020, the expansion or start-up of a number of smaller mines over 2018 and 2019 and the 50% expansion of Stillwater by 2021. The on-going full-field development of our U.S. oil & gas royalties is tracking ahead of our original expectations. On top of that, our business development team has been very active adding new investments in precious metals, oil & gas and other minerals. FrancoNevada remains debt free and is well positioned for another 10 years of success.”