Core Insights - Franco-Nevada reported record financial results for 2025, driven by higher precious metal prices and increased production, achieving a 75% increase in annual earnings and a 64% rise in revenue [4][11][10] - The company has a strong portfolio of royalty and stream assets, with a focus on sustainable mining practices and a commitment to shareholder value [5][6][24] - The outlook for 2026 is positive, with guidance for GEOs sold expected to range from 510,000 to 570,000 ounces, primarily from precious metals [17][18] Financial Performance - Annual earnings increased by approximately 75%, reaching over $1 billion, with a 60% earnings margin [4] - Revenue for 2025 was up 64% year-over-year, with adjusted EBITDA also increasing by 74% [11][14] - The average gold price rose by 56% in Q4 2025 compared to the previous year, contributing to strong financial results [8][10] Asset Performance - The company sold 519,106 GEOs in 2025, slightly exceeding the top end of the guidance range [7][8] - Precious metal GEOs sold reached 440,140, while diversified assets contributed 78,966 GEOs [8][11] - The strong performance was attributed to key assets such as Antamina and Guadalupe, which benefited from higher deliveries and prices [12][14] Strategic Initiatives - Franco-Nevada has added 820,000 royalty ounces with an undiscounted value of over $4 billion at current gold prices [5] - The company is focused on expanding its portfolio through strategic acquisitions, including significant investments in Canada, the U.S., and Australia [24][50] - The restart of Cobre Panama could significantly enhance growth, with potential contributions of 150,000 to 175,000 GEOs annually if production resumes [22][19] Market Positioning - The company maintains a debt-free status with $3.1 billion in available capital, positioning it well for future growth [6][24] - Franco-Nevada's business model, which relies on royalties and streams, has proven to be highly profitable, with an adjusted EBITDA margin of 91% for 2025 [16] - The company aims to be a leading gold stock while recognizing the cyclical nature of commodities and the benefits of diversification [2]

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing a wealth of experience in journalism, particularly in finance and current affairs [1][5] Background and Experience - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap sectors [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and a regular on CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Digital Media Ventures - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers and positioned him as a prominent voice in the cannabis industry [4] - Following this success, he established Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap markets [4] Professional Roles - Jeremy has served as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology sectors [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]

Refiners are beginning to balk at eye-watering premiums on available oil barrels, threatening to slow down the flow of the world’s most traded commodity as the war in the Middle East upends energy markets https://t.co/2eDxLZOwGb ...

Core Viewpoint - Invesco S&P SmallCap Energy ETF (PSCE) has reached a 52-week high, increasing 86.39% from its 52-week low of $30.94 per share, indicating strong momentum in the energy sector [1]. Group 1: ETF Overview - PSCE tracks the S&P SmallCap 600 Capped Energy Index, which measures the performance of US energy companies' common stocks [2]. - The fund charges an annual fee of 0.29% [2]. Group 2: Market Drivers - The energy sector is experiencing upward momentum due to rising oil prices, influenced by the ongoing conflict in the Middle East and concerns over supply disruptions, particularly the closure of the Strait of Hormuz [3]. - Prolonged tensions in the Middle East may lead to increased volatility in oil supply and further price surges [3]. Group 3: Performance Outlook - Currently, PSCE holds a Zacks ETF Rank of 5 (Strong Sell) and has a high-risk outlook [4]. - Despite this, the ETF shows potential for continued strong performance in the near term, with a positive weighted alpha of 54.61, suggesting a possibility of further gains [4].

Financial Data and Key Metrics Changes - Franco-Nevada achieved record-breaking annual earnings of over $1 billion, reflecting a 75% increase year-over-year and a 60% earnings margin [4] - Revenue increased by 64%, adjusted EBITDA rose by 74%, and adjusted net income also increased by 74% for the year [12] - For Q4 2025, total GEOs sold increased by 18% to 141,856 compared to 120,063 in Q4 2024, with precious metal GEOs sold rising by 34% [12][15] Business Line Data and Key Metrics Changes - The company sold 519,106 total GEOs for the year, slightly exceeding the guidance range of 495,000 to 525,000 [10] - Precious metal GEOs sold were 440,140, while diversified assets contributed 78,966 GEOs sold for the year [11] - The average cash cost per GEO increased from $242 in 2020 to $325 in 2025, a 34% increase over five years, while the margin per GEO increased from $1,528 to $3,110, a 204% increase [17][18] Market Data and Key Metrics Changes - Gold prices increased by 56% year-over-year in Q4, while silver and platinum prices rose by 75% and 74%, respectively [11] - Oil prices were lower year-over-year, but natural gas prices saw a significant increase [12] - The company expects to benefit from a $70 per barrel oil price in its 2026 guidance, with a $5 increase in WTI price translating to a 7% increase in energy revenue [19][39] Company Strategy and Development Direction - Franco-Nevada aims to be the go-to gold stock while recognizing the cyclical nature of commodities and the benefits of diversification [5] - The company has added six quality long-dated assets to its portfolio, contributing to sustained production levels over the next decade [6] - The strategy includes promoting sustainable mining practices, as evidenced by being named one of the 100 most sustainable corporations globally [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the outlook for 2026, with expectations for good growth over 2025 and a strong five-year outlook [4] - The restart of Cobre Panama is seen as a significant growth opportunity, contingent on government approvals [5][22] - The company has a robust portfolio of assets that should contribute meaningfully over time, with a focus on jurisdictions with lower risk [53] Other Important Information - Franco-Nevada announced a 16% dividend increase, marking the 19th consecutive increase [4] - The company has approximately $3.1 billion in available capital and is debt-free, positioning it well for future acquisitions [9][29] - The company has identified $250 million of exploration spend on Canadian assets alone for the year [5] Q&A Session Summary Question: Expectations for South Arturo in 2026 and 2030 - Management indicated that South Arturo is performing ahead of schedule and expects strong results in 2026, with minimal contributions in 2030 [31][32] Question: Production guidance for Cascabel and stream buyback - The stream buyback will provide ounces not included in current guidance, with production volumes for 2030 expected to be between 15,000-20,000 GEOs [34][35] Question: Impact of energy prices on guidance - A $5 increase in WTI price would result in a 7% increase in energy revenue [39] Question: Cobre Panama's next steps and ramp-up timeline - The government aims for a resolution on Cobre Panama by the summit, with a ramp-up to 50% production expected in about six months post-approval [40][42] Question: Strategic positioning of publicly traded equity investments - The company intends to be long-term holders of shares obtained from supporting G Mining Ventures and Discovery Silver, with potential for liquidity if good opportunities arise [43]

Core Viewpoint - The company aims to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing the risk of principal loss [1] Group 1 - The service offers subscribers access to exclusive investment ideas earlier than they are released to the general public, with many ideas not being released at all [1] - Subscribers receive more in-depth research compared to what is available to the general public [1] - A two-week free trial is currently being offered for the service [1]

Q4 2025 Earnings Presentation 2 Company Overview As of December 31, 2025 | NASDAQ: ACTG Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon the current expectations of Acacia Research Corporation ("Acacia" or the "Company") and speak only as of the date hereof. All statements other than statements of historical fact are forward-l ...

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. Chapters: 00:00:00 - Insight with Haslinda Amin begins 00:00:06 - Leavitt on deleted U.S. energy post and confusion over naval escorts 00:02:31 - U.S. strikes on Iran’s mine‑laying vessels 00:03:17 - Trump messaging and White House contradic ...

RT Gandalv (@Microinteracti1)The Wall Street Journal reported Tuesday night that the International Energy Agency is considering the largest release of emergency oil reserves in its history. The 32 member countries are expected to make a joint decision on Wednesday, but the plan can still be blocked if just one country objects. ...

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing extensive experience in journalism, particularly in finance and current affairs [1][5] Group 1: Career Background - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap sectors [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] Group 2: Notable Achievements - A significant milestone in Jeremy's career was his coverage of the 2010 Vancouver Olympic Games, where he highlighted the Olympic community and hosted segments from various Country Houses [3] - He developed an online video news program for PressReader, which is a digital newsstand featuring 8,000 newspaper and magazine editions in 60 languages from over 120 countries [3] Group 3: Entrepreneurial Ventures - In 2012, Jeremy launched The Green Scene Podcast, quickly amassing over 400,000 subscribers and establishing himself as a prominent voice in the cannabis industry [4] - Following this success, he created Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-caps [4] Group 4: Professional Expertise - Jeremy has served as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology sectors [5] - He holds a BA in Journalism from Concordia University, which has contributed to his diverse and dynamic career in media [5]