The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Crowning More Royalty
|
Canaccord Genuity's Morning Coffee (06/18/2009)
"The gold-focused royalty company announced the closing of its bought-deal equity issue. The company issued 11.5 million units at $32.20/unit raising approximately $370 million. Each unit consisted of one common share and one-half of a common share purchase warrant. The warrant allows the holder to purchase one share of Franco-Nevada at a price of $75 for a period of eight years (through 2017). One analyst highlighted that the company now has about US$540 million net cash (and investments) on its balance sheet. He estimates the company's total acquisition firepower now exceeds US$650 million. With ample cash reserves, Franco-Nevada is expected to aggressively pursue additional growth opportunities in the royalty business. According to the analyst, gold royalties similar to the recent Gold Quarry and Palmarejo deals set the standard for the company. The acquisition of existing royalty streams and the funding opportunities in buying or creating a royalty appear to offer considerable appeal for Franco-Nevada." |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >