Franco-Nevada Earnings Miss Estimates in Q3, Shares Decline 11%
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Franco-Nevada's Q3 earnings missed estimates, leading to an 11% decline in shares. The company's revenue was affected by lower contributions from Candelaria, Antapaccay, and Energy assets, despite record gold prices.
November 12, 2024 | 6:45 pm
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Franco-Nevada's Q3 earnings missed expectations, resulting in an 11% drop in share price. The decline in revenue was due to lower contributions from Candelaria, Antapaccay, and Energy assets, even though gold prices hit record highs.
The earnings miss directly impacted Franco-Nevada's stock price, causing an 11% decline. The company's revenue was negatively affected by lower contributions from key assets, which outweighed the positive impact of record gold prices.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100