Franco-Nevada Reports Q3 2024 Results
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Franco-Nevada reported its Q3 2024 results, highlighting record gold prices that led to increased revenues, Adjusted EBITDA, and earnings compared to Q2 2024. However, GEO sales were stable compared to Q2 but lower than Q3 2023 due to the absence of contributions from Cobre Panama.
November 06, 2024 | 11:30 pm
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POSITIVE IMPACT
Franco-Nevada's Q3 2024 results benefited from record gold prices, leading to higher revenues and earnings compared to Q2 2024. However, GEO sales were stable compared to Q2 and lower than Q3 2023 due to the lack of contributions from Cobre Panama.
The increase in revenues and earnings due to record gold prices is a positive indicator for Franco-Nevada's financial health. The stable GEO sales compared to Q2 suggest consistent performance, although the year-over-year decline due to Cobre Panama's absence is a concern. Overall, the positive impact of gold prices is likely to outweigh the negatives in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100