Franco-Nevada Corporation (FNV) Financings
TSX: FNV · Gold, Silver, PGM · Royalty/Streaming stage
- Market cap$66.45B
- Share price$344.54
- 52-week range$254.13 – $388.22
- Shares outstanding192,873,810
- ExchangeTSX
- Websitewww.franco-nevada.com
Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, primarily located in the United States, Canada, and Australia.
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Franco-Nevada Corporation financial statements
Key figures read from 38 of 38 financial statement filings, Nov 7, 2016 to Aug 11, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$670.9 | US$1,451.3 | US$1,421.9 | US$1,196.5 | US$539.3 |
| Total current assets | US$1,021.4* | US$1,716.8* | US$1,615.3* | US$1,383.1* | US$751.4* |
| Total assets | US$8,241.4 | US$6,330.4 | US$5,994.1 | US$6,626.8 | US$6,209.9 |
| Total liabilities | US$606.1 | US$333.8 | US$225.0 | US$209.2 | US$184.7 |
| Shareholders' equity | US$7,635.3 | US$5,996.6 | US$5,769.1 | US$6,417.6 | US$6,025.2 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$1,808.6 | US$1,104.7 | US$1,219.0 | US$1,315.7 | US$1,300.0 |
| General and administrative | US$35.3 | US$26.6 | US$24.5 | US$22.5 | US$19.6 |
| Share-based compensation | US$16.9 | US$8.0 | US$4.4 | US$10.1 | US$11.2 |
| Impairments and write-downs | (US$4.8) | US$0.0 | US$1,173.3 | US$0.0 | (US$68.0) |
| Net income (loss) | US$1,112.1 | US$552.1 | (US$466.4) | US$700.6 | US$733.7 |
Cash flow statement: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$1,493.7 | US$829.5 | US$991.2 | US$999.5 | US$955.4 |
| Investing cash flow | (US$2,033.0) | (US$537.3) | (US$541.1) | (US$145.5) | (US$765.0) |
| Financing cash flow | (US$267.4) | (US$240.4) | (US$230.1) | (US$189.0) | (US$180.2) |
| Proceeds from share issues | — | — | — | — | US$0.0 |
| Change in cash | (US$780.4) | US$29.4 | US$225.4 | US$657.2 | US$5.1 |
| Cash at end of period | US$670.9 | US$1,451.3 | US$1,421.9 | US$1,196.5 | US$539.3 |
Franco-Nevada Corporation financings
2 financings announced or closed by Franco-Nevada Corporation, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-12 | Franco-Nevada Corporation (FNV) | Stream | Announced | $250.0M | — | Franco-Nevada Announces $250 Million Royalty Financing with i-80 Gold |
| 2026-01-26 | Franco-Nevada Corporation (FNV) | Private placement | Announced | $100.0M | — | Franco-Nevada Announces $100 Million Financing with Orezone Gold on the Casa Berardi Mine |