TORONTO, Nov. 5, 2018 (Canada NewsWire via COMTEX) — Cobre Panama allotment complete
(in U.S. dollars unless contrarily noted)
“Franco-Nevada’s adapted portfolio and business archetypal continues to accomplish able revenues and margins,” commented David Harquail, CEO. “Subsequent to division end, we fabricated the final chapter on our $1 billion allotment charge for the Cobre Panama project. Franco-Nevada expects abundant beforehand in its revenues and EBITDA from assets already in place. Revenues are accepted to admission by added than 30% already Cobre Panama ramps-up appear abounding production, Candelaria allotment to accustomed operations and with the connected development of our U.S. oil & gas assets. We are additionally admiring to afresh admission our oil & gas acquirement advice for 2018.”
Q3/2018 Banking Highlights
For Q3/2018, acquirement was sourced 82.1% from adored metals (64.8% gold, 12.0% argent and 5.3% PGM) and 82.7% from the Americas (43.7% Latin America, 19.9% U.S., and 19.1% Canada). The allotment from adored metals is accepted to admission aing year as Cobre Panama begins its ramp-up and Candelaria allotment to accustomed operations. Operating costs and costs for the division were in-line with the above-mentioned year. Oil & gas acquirement added 109.6% year-over-year, absorption the added contributions from the SCOOP/STACK, Midland, Delaware and Orion royalties, college prices and added payments from Weyburn. Banknote provided by operating activities was $128.2 million, an admission of 10.5% compared to Q3/2017.
Q3/2018 Portfolio Updates
Franco-Nevada is admiring to advertise that its Board of Directors has declared a annual allotment of $0.24 per share. The allotment will be paid on December 20, 2018 to shareholders of almanac on December 6, 2018 (the “Record Date”). The Canadian dollar agnate is to be bent based on the circadian boilerplate amount acquaint by the Bank of Canada on the Almanac Date. Beneath Canadian tax legislation, Canadian citizen individuals who accept “eligible dividends” are advantaged to an added gross-up and allotment tax acclaim on such dividends.
The Aggregation has a Allotment Reinvestment Plan (the “DRIP”). Participation in the DRIP is optional. The Aggregation will affair added accepted shares through treasury at a 3% abatement to the Boilerplate Bazaar Price, as authentic in the DRIP. However, the Aggregation may, from time to time, in its discretion, change or annihilate the abatement applicative to treasury acquisitions or absolute that such accepted shares be purchased in bazaar acquisitions at the prevailing bazaar price, any of which would be about announced. The DRIP and acceptance forms are attainable on the Company’s website at www.franco-nevada.com. Canadian and U.S. registered shareholders may additionally accept in the DRIP online through the plan agent’s self-service web aperture at www.investorcentre.com/franco-nevada. Canadian and U.S. benign shareholders should acquaintance their banking agent to align enrollment. During Q2/2018, the Aggregation adapted and restated the DRIP to acquiesce for assertive non-Canadian and non-U.S. shareholders to participate in the DRIP, accountable to the achievement of assertive conditions. Non-Canadian and non-U.S. shareholders should acquaintance the Aggregation to actuate whether they amuse the all-important altitude to participate in the DRIP.
This columnist absolution is not an action to advertise or a address of an action of securities. A allotment annual apropos to the DRIP has been filed with the U.S. Antithesis and Barter Commission and may be acquired beneath the Company’s contour on the U.S. Antithesis and Barter Commission’s website at www.sec.gov.
The complete Abridged Circumscribed Acting Banking Statements and Management’s Discussion and Analysis can be begin today on Franco?Nevada’s website at www.franco-nevada.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Management will host a appointment alarm tomorrow, Tuesday, November 6, 2018 at 8:00 a.m. Eastern Time to analysis Franco?Nevada’s Q3/2018 results.
Interested investors are arrive to participate as follows:
Franco-Nevada Corporation is the arch gold-focused ability and beck aggregation with the better and best adapted portfolio of cash-flow bearing assets. Its business archetypal provides investors with gold amount and analysis optionality while attached acknowledgment to abounding of the risks of operating companies. Franco-Nevada has a able antithesis area and uses its chargeless banknote breeze to aggrandize its portfolio and pay dividends. It trades beneath the attribute FNV on both the Toronto and New York banal exchanges. Franco-Nevada is the gold advance that works.
Forward Attractive Statements
This columnist absolution contains “forward attractive information” and “forward attractive statements” aural the acceptation of applicative Canadian antithesis laws and the United States Private Antithesis Litigation Reform Act of 1995, respectively, which may include, but are not bound to, statements with annual to approaching contest or approaching performance, management’s expectations apropos Franco-Nevada’s growth, after-effects of operations, estimated approaching revenues, accustomed amount of assets, approaching assets and requirements for added capital, mineral assets and mineral ability estimates, assembly estimates, assembly costs and revenue, approaching appeal for and prices of commodities, accepted mining sequences, business affairs and opportunities and the remedies apropos to and after-effects of the cardinal of the Supreme Court of Panama in affiliation to the Cobre Panama project. In addition, statements (including abstracts in tables) apropos to affluence and assets and gold agnate ounces (“GEOs”) are advanced attractive statements, as they absorb adumbrated assessment, based on assertive estimates and assumptions, and no affirmation can be accustomed that the estimates and assumptions are authentic and that such affluence and assets and GEOs will be realized. Such advanced attractive statements reflect management’s accepted behavior and are based on advice currently attainable to management. Often, but not always, advanced attractive statements can be articular by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including abrogating variations) of such words and phrases or may be articular by statements to the aftereffect that assertive accomplishments “may”, “could”, “should”, “would”, “might” or “will” be taken, action or be achieved. Advanced attractive statements absorb accepted and alien risks, uncertainties and added factors, which may annual the absolute results, achievement or achievements of Franco-Nevada to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by the advanced attractive statements. A cardinal of factors could annual absolute contest or after-effects to alter materially from any advanced attractive statement, including, after limitation: fluctuations in the prices of the primary t that drive ability and beck acquirement (gold, platinum accumulation metals, copper, nickel, uranium, silver, iron-ore and oil and gas); fluctuations in the amount of the Canadian and Australian dollar, Mexican Peso and any added bill in which acquirement is generated, about to the U.S. dollar; changes in civic and bounded government legislation, including allowing and licensing regimes and taxation behavior and the administration thereof; regulatory, political or bread-and-er developments in any of the countries area backdrop in which Franco-Nevada holds a royalty, beck or added absorption are amid or through which they are held; risks accompanying to the operators of the backdrop in which Franco-Nevada holds a royalty, beck or added interest, including changes in the buying and ascendancy of such operators; admission of macroeconomic developments; business opportunities that become attainable to, or are pursued by Franco-Nevada; bargain admission to debt and disinterestedness capital; litigation; title, admittance or authorization disputes accompanying to interests on any of the backdrop in which Franco-Nevada holds a royalty, beck or added interest; whether or not Franco-Nevada is bent to accept “passive adopted advance company” (“PFIC”) cachet as authentic in Area 1297 of the United States Internal Acquirement Cipher of 1986, as amended; abeyant changes in Canadian tax analysis of adopted streams; boundless amount accretion as able-bodied as development, permitting, infrastructure, operating or abstruse difficulties on any of the backdrop in which Franco-Nevada holds a royalty, beck or added interest; absolute mineral agreeable may alter from the affluence and assets independent in abstruse reports; amount and timing of assembly differences from ability estimates, added abstruse letters and abundance plans; risks and hazards associated with the business of development and mining on any of the backdrop in which Franco-Nevada holds a royalty, beck or added interest, including, but not bound to abnormal or abrupt geological and metallurgical conditions, abruptness failures or cave-ins, calamity and added accustomed disasters, terrorism, civilian agitation or an alpha of catching disease; and the affiliation of acquired assets. The advanced attractive statements independent in this columnist absolution are based aloft assumptions administration believes to be reasonable, including, after limitation: the advancing operation of the backdrop in which Franco-Nevada holds a royalty, beck or added absorption by the owners or operators of such backdrop in a address constant with accomplished practice; the accurateness of accessible statements and disclosures fabricated by the owners or operators of such basal properties; no absolute adverse change in the bazaar amount of the t that underlie the asset portfolio; Franco-Nevada’s advancing assets and assets apropos to affirmation of its PFIC status; no absolute changes to absolute tax treatment; the accepted appliance of tax laws and regulations by taxation authorities; the accepted appraisal and aftereffect of any analysis by any taxation authority; no adverse development in annual of any cogent acreage in which Franco-Nevada holds a royalty, beck or added interest; the accurateness of about appear expectations for the development of basal backdrop that are not yet in production; affiliation of acquired assets; and the absence of any added factors that could annual actions, contest or after-effects to alter from those anticipated, estimated or intended. However, there can be no affirmation that advanced attractive statements will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such statements. Investors are cautioned that advanced attractive statements are not guarantees of approaching performance. Franco-Nevada cannot assure investors that absolute after-effects will be constant with these advanced attractive statements and investors should not abode disproportionate assurance on advanced attractive statements due to the inherent ambiguity therein. For added advice with annual to risks, uncertainties and assumptions, amuse accredit to the “Risk Factors” area of Franco-Nevada’s best contempo Anniversary Advice Form filed with the Canadian antithesis authoritative authorities on www.sedar.com and Franco-Nevada’s best contempo Anniversary Report filed on Form 40-F filed with the SEC on www.sec.gov. The advanced attractive statements herein are fabricated as of the date of this columnist absolution alone and Franco-Nevada does not accept any obligation to amend or alter them to reflect new information, estimates or opinions, approaching contest or after-effects or otherwise, except as appropriate by applicative law.
NON-IFRS MEASURES: Adjusted Net Assets and Adjusted EBITDA are advised to accommodate added advice alone and do not accept any connected acceptation assigned beneath IFRS and should not be advised in a or as a acting for measures of achievement able in accordance with IFRS. These measures are not necessarily apocalyptic of operating accumulation or banknote breeze from operations as bent beneath IFRS. Added companies may annual these measures differently. For a adaptation of these measures to assorted IFRS measures, amuse see beneath or the Company’s accepted MD&A acknowledgment begin on the Company’s website, on SEDAR and on EDGAR. Comparative advice has been recalculated to accommodate to accepted presentation.
Reconciliations to IFRS measures:
View aboriginal content:http://www.prnewswire.com/news-releases/franco-nevada-reports-strong-q3-results-300744224.html
SOURCE Franco-Nevada Corporation
View aboriginal content: http://www.newswire.ca/en/releases/archive/November2018/05/c4888.html
SOURCE: Franco-Nevada Corporation
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