Do Franco-Nevada’s (TSX:FNV) New Royalties Reinforce Its Asset-Light Edge Or Signal A Shift?
Recently, Franco-Nevada expanded its royalty portfolio by agreeing to an A$170 million gross royalty with Minerals 260 for the Bullabulling Gold Project in Western Australia and acquiring a US$250 million net smelter return royalty from i-80 Gold Corp in Nevada, while also receiving a series of analyst upgrades and higher earnings estimates. This combination of fresh royalty deals and improving analyst sentiment highlights how Franco-Nevada’s asset-light model can deepen gold exposure...
Recently, Franco-Nevada expanded its royalty portfolio by agreeing to an A$170 million gross royalty with Minerals 260 for the Bullabulling Gold Project in Western Australia and acquiring a US$250 million net smelter return royalty from i-80 Gold Corp in Nevada, while also receiving a series of analyst upgrades and higher earnings estimates. This combination of fresh royalty deals and improving analyst sentiment highlights how Franco-Nevada’s asset-light model can deepen gold exposure...