Core Viewpoint - Franco-Nevada Corporation has agreed to suspend its arbitration proceeding related to the Cobre Panama mine after engaging with the Government of Panama's legal counsel [1][2] Group 1 - Franco-Nevada had previously filed a request for arbitration under the Canada-Panama Free Trade Agreement to the International Centre for Settlement of Investment Disputes on June 27, 2024 [1] - The company expresses hope for a resolution that benefits the Panamanian people and all parties involved [2]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Franco-Nevada (FNV) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market; FNV has a Zacks Rank of 1 (Strong Buy) [3] Group 2: Performance Metrics - FNV shares have increased by 2.72% over the past week, while the Zacks Mining - Gold industry has risen by 2.96% during the same period [5] - Over the last quarter, FNV shares have gained 10.22%, and over the past year, they have increased by 47.84%, compared to the S&P 500's gains of 8.57% and 11.45% respectively [6] - The average 20-day trading volume for FNV is 762,232 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - In the past two months, 6 earnings estimates for FNV have been revised upwards, increasing the consensus estimate from $4.22 to $4.48 [9] - For the next fiscal year, 5 estimates have also moved higher, with no downward revisions noted [9] Group 4: Conclusion - Considering the performance metrics and earnings outlook, FNV is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Group 1 - Franco-Nevada (FNV) is currently outperforming the Basic Materials sector with a year-to-date return of 46.1%, compared to the sector's average return of 9.3% [4] - The Zacks Rank for Franco-Nevada is 1 (Strong Buy), indicating strong analyst sentiment and a positive earnings outlook, with a consensus estimate for full-year earnings having increased by 20.5% in the past quarter [3] - Franco-Nevada belongs to the Mining - Gold industry, which has seen an average gain of 58.4% year-to-date, indicating that FNV is slightly underperforming its industry [5] Group 2 - Fortuna Mining (FSM), another stock in the Basic Materials sector, has outperformed with a year-to-date return of 60.4% [4] - Fortuna Mining has a Zacks Rank of 2 (Buy), with its consensus EPS estimate increasing by 12% over the past three months [5] - The Mining - Miscellaneous industry, to which Fortuna Mining belongs, is currently ranked 138 and has moved up by 10.9% year-to-date [6]

Group 1 - The article promotes iREIT on Alpha as a source for in-depth research on various income alternatives including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting its positive testimonials [1] - The mention of "Shark Tank" indicates a cultural reference that may resonate with investors familiar with entrepreneurial ventures, but does not provide direct financial insights [1] Group 2 - There is a disclosure regarding the analyst's long position in TPL and LB, indicating a vested interest in these companies, which may influence the analysis presented [2] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not represent the platform as a whole, emphasizing the independent nature of the analysts [3]

Group 1 - Franco-Nevada (FNV) has returned 43.1% year-to-date, significantly outperforming the Basic Materials sector, which has returned an average of 6.8% [4] - The Zacks Consensus Estimate for FNV's full-year earnings has increased by 11.6% over the past 90 days, indicating improved analyst sentiment [4] - Franco-Nevada holds a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook for the stock [3] Group 2 - Franco-Nevada is part of the Mining - Gold industry, which consists of 39 companies and is currently ranked 14 in the Zacks Industry Rank [6] - The Mining - Gold industry has an average year-to-date return of 46.4%, indicating that FNV is slightly underperforming its industry [6] - Coeur Mining (CDE), another stock in the Basic Materials sector, has returned 42.3% year-to-date and has a Zacks Rank of 2 (Buy) [5]

Industry Overview - Gold prices have been on the rise, reaching $3,415.57/ounce on May 5 and stabilizing around $3,300/ounce thereafter, positively impacting gold mining stocks [1][2] - The increase in gold prices is attributed to concerns over U.S. government debt, weak demand for long-term treasury bonds, and a declining dollar, with the World Gold Council noting a scarcity of gold deposits in the mining industry [2] - Central banks in emerging economies are increasing their gold purchases, and the rising use of gold in energy, healthcare, and technology is expected to create a demand-supply imbalance, further driving prices [3] Investment Opportunities - Investing in gold mining stocks with a favorable Zacks Rank is recommended, with five highlighted stocks: Franco-Nevada Corp. (FNV), Newmont Corp. (NEM), Kinross Gold Corp. (KGC), Royal Gold Inc. (RGLD), and Agnico Eagle Mines Ltd. (AEM), all currently rated as Strong Buy [4] Positive Catalysts - Global central banks are cutting interest rates to stimulate economic growth, which benefits non-income-bearing assets like gold, while a weak U.S. dollar increases demand for dollar-denominated gold [5] - Ongoing geopolitical conflicts, such as the Russia-Ukraine war and unrest in Southeast Asia, are expected to keep gold prices buoyant as it is viewed as a safe-haven investment [6] - Major investment banks like Goldman Sachs and JP Morgan predict gold prices could reach $4,000/ounce by 2026, indicating continued bullish momentum [7] Company-Specific Insights Franco-Nevada Corp. (FNV) - FNV is positioned for strong earnings growth due to increased contributions from streaming agreements and a focus on cost management despite lower output from Cobre Panama [10] - The company has a debt-free balance sheet and plans to use free cash flow for portfolio expansion and dividends, with expected revenue and earnings growth rates of 31.5% and 29.9%, respectively, for the current year [11][12] Newmont Corp. (NEM) - NEM is advancing its growth projects, including the Tanami expansion and the Ahafo North project, with a commitment to invest $950 million to $1,050 million in development capital [13][14] - The expected revenue and earnings growth rates for NEM are 2% and 20.1%, respectively, for the current year [14] Kinross Gold Corp. (KGC) - KGC has a strong production profile and is focusing on organic growth through projects like Tasiast, which is expected to enhance production and cash flow [15][16] - The expected revenue and earnings growth rates for KGC are 15.3% and 63.2%, respectively, for the current year [17] Royal Gold Inc. (RGLD) - RGLD benefits from solid streaming agreements and a strong balance sheet, with plans to allocate cash flow towards dividends, debt reduction, and new ventures [18][19] - The expected revenue and earnings growth rates for RGLD are 24.1% and 35.2%, respectively, for the current year [19] Agnico Eagle Mines Ltd. (AEM) - AEM is focused on executing projects that will enhance production and cash flows, with strategic acquisitions and expansions strengthening its market position [20][21] - The expected revenue and earnings growth rates for AEM are 23% and 42.6%, respectively, for the current year [22]

Group 1: Acquisition Overview - Franco-Nevada Corporation (FNV) has announced the acquisition of a royalty package on the Côté Gold Mine in Ontario for $1.05 billion in cash, enhancing its portfolio and generating immediate gold revenues from a significant new mine [1][7] - The Côté Gold Mine is a joint venture between IAMGOLD Corporation (IAG) and Sumitomo Metal Mining Co. Ltd., with IAG holding a 70% stake and Sumitomo holding 30% [2] - The mine contains 16 million ounces of Measured and Indicated Mineral Resources and 4 million ounces of Inferred Mineral Resources [2] Group 2: Royalty Details - The royalty package includes a 7.5% gross margin royalty applicable to 100% of mineral production from the Chester claims, covering all Mineral Reserves and over 99.9% of current Mineral Resources at the mine [4] - Existing royalty arrangements will be replaced with a new agreement that clarifies audit and information rights, while the payment calculation methodology will remain unchanged [5] Group 3: Financial Projections - Franco-Nevada is expected to generate annual revenues of $67 million at a gold price of $3,200 per ounce from this acquisition [7] - The mine is projected to reach its nameplate capacity of 13 million tonnes per annum (Mtpa) by year-end, with potential increases to 20 Mtpa [9] Group 4: Operational Efficiency - The Côté Gold Mine utilizes modern design and technology, including autonomous equipment and efficient milling, which are expected to keep production costs low [8] - The mine's cash costs are anticipated to decrease as production volume increases and operational processes improve [8] Group 5: Market Performance - Franco-Nevada's shares have increased by 39.8% over the past year, compared to the industry's growth of 43.4% [10]

Core Viewpoint - Franco-Nevada Corporation has announced an agreement to acquire a royalty package on the Côté Gold Mine in Ontario for $1,050 million, which includes a 7.5% gross margin royalty on mineral production from the mine [1][2]. Acquisition Details - The royalty package covers all Mineral Reserves and over 99.9% of current Mineral Resources at the Côté Gold Mine, which is operated by IAMGOLD Corporation and Sumitomo Metal Mining Co. Ltd. [1][2] - The acquisition is expected to close at the end of Q2 2025, with an effective date of July 1, 2025 [6]. Financial Aspects - Franco-Nevada has approximately $2 billion in available capital and generates $275-$300 million in free cash flow each quarter, positioning the company well to finance the transaction [7]. - The Côté Gold Mine is projected to produce between 360,000 to 400,000 ounces of gold in 2025, with cash costs estimated between $950 to $1,100 per ounce [4]. Resource and Production Potential - The Côté Gold Mine has a significant mineral resource base of over 16 million ounces of Measured and Indicated Mineral Resources and 4 million ounces of Inferred Mineral Resources [1][4]. - The mine's resource base has doubled since the addition of the Gosselin deposit in 2021, indicating strong growth potential [5]. Operational Insights - The Côté Gold Mine utilizes modern technology, including a fully autonomous haul truck fleet and efficient milling capabilities, which positions it in the lower half of the cost curve [12]. - The mine is expected to ramp up to a nameplate capacity of 13 million tonnes per annum (Mtpa) by the end of 2025, with potential for future expansion to 20 Mtpa [12]. Partnership and Future Outlook - Franco-Nevada has partnered with IAMGOLD and Sumitomo for the acquisition, which allows for detailed due diligence and future collaboration on resource growth and mill capacity expansion [2][3]. - IAMGOLD anticipates further growth opportunities at the Côté Gold Mine, including the integration of the Gosselin zone into an updated mine plan [3].

Core Insights - Franco-Nevada Corporation (FNV) reported record adjusted earnings of $1.07 per share, exceeding the Zacks Consensus Estimate of $1.00, with a year-over-year increase of 51% [1] - The company achieved record revenues of $368 million in the reported quarter, reflecting a 43.5% year-over-year growth, driven by higher GEOs sold and record gold prices [2] - Adjusted EBITDA rose 49% year over year to $322 million, with an adjusted EBITDA margin of 87.4%, up from 84.2% in the previous quarter [4] Financial Performance - FNV sold 100,623 GEOs from Precious Metal assets in the reported quarter, an 8% increase from the prior-year quarter, influenced by lower deliveries from Cobre Panama and Antamina, offset by higher contributions from other mines [3] - At the end of Q1 2025, Franco-Nevada had $1.13 billion in cash, down from $1.45 billion at the end of 2024, with an operating cash flow of $289 million, up from $179 million year-over-year [5] - The company remains debt-free and has available capital of $2.1 billion for portfolio expansion and dividends [5] Market Performance - Franco-Nevada's stock has increased by 27.9% over the past year, compared to the industry's growth of 45.7% [6] - The company currently holds a Zacks Rank 2 (Buy) [9] Peer Comparisons - Royal Gold, Inc. (RGLD) reported an adjusted EPS of $1.51, a 66% year-over-year increase, with revenues of $193 million, up 30% year over year [10] - B2Gold Corp (BTG) reported adjusted EPS of 9 cents, a 50% year-over-year improvement, with revenues of $532 million compared to $461 million in the prior year [11] - Kinross Gold Corporation (KGC) posted adjusted earnings of 30 cents per share, up from 10 cents in the prior year, with revenues rising 38.4% year over year to $1.49 billion [11]

Group 1 - Franco-Nevada Corporation announced the election of its board of directors during the 2025 Annual and Special Meeting of Shareholders, with detailed voting results provided [1][2] - The nominees received high approval rates, with Paul Brink receiving 99.79% of votes for, and Hugo Dryland receiving 99.96% [2] - The company is recognized as a leading gold-focused royalty and streaming company, boasting a diversified portfolio of cash-flow producing assets [3] Group 2 - Franco-Nevada Corporation operates a business model that offers investors gold price and exploration optionality while minimizing exposure to cost inflation [3] - The company is debt-free and utilizes its free cash flow for portfolio expansion and dividend payments [3] - Franco-Nevada trades under the symbol FNV on both the Toronto and New York stock exchanges [3]