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Franco-Nevada in energy windfall, countering metals fall

Royalty and streaming firm Franco-Nevada posted above consensus adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second quarter as revenue from its gas and other energy assets compensated for lower precious metals revenue.

Steven Swindells
Franco-Nevada in energy windfall

Franco-Nevada in energy windfall

Second quarter EBITDA came in at US$301.2 million, above the market consensus of $296 million and 4% higher than the same quarter a year earlier.  "The beat relative to our estimate was higher revenue...

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