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 >
FNV: Royalty Cash Flow Grows
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Adrian Day's Global Analyst (08/19/2010)
"Franco-Nevada, our favorite royalty company, has seen income up 37% on last year, mostly from one new asset, Palmarejo, which started generating revenues for Franco last July. The percentage of revenues from precious metals rose to 71%, which the margin of 89% remains very high. Revenues should continue to increase next year, as mining at Goldstrike returns to more of Franco's royalty land. Beyond that, Franco has a solid pipeline and is looking to double revenues within four years. . .With $650M in cash and securities, and an unused credit line of $175M, Franco is in a very strong position. Add to this solid balance sheet, top management, world-class assets and a strong pipeline of development projects—300 royalties in all—and Franco is a core holding. Close to a high, we'll look to buy more on any weakness." |
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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
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