Key Developments: Franco-Nevada Corp (FNV)
41.24USD
22 May 2013
$1.07 (+2.66%)
$40.17
$40.58
$41.99
$40.38
525,988
496,576
$61.60
$34.53
Latest Key Developments (Source: Significant Developments)
Franco-Nevada Corp Declares July, August and September 2013 Monthly Dividend
Franco-Nevada Corp announced that the Board of Directors have declared the monthly dividend of $0.06 per share for each of July, August and September 2013. The July dividend will be paid on July 25, 2013 to shareholders of record on July 11, 2013, the August dividend will be paid on August 29, 2013 to shareholders of record on August 15, 2013 and the September dividend will be paid on September 26, 2013 to shareholders of record on September 12, 2013. Full Article
Franco-Nevada Corp Declares Monthly Dividend
Franco-Nevada Corp announced that it has declared the monthly dividend of $0.06 per share for each of April, May and June 2013. The April dividend will be paid on April 25, 2013 to shareholders of record on April 11, 2013, the May dividend will be paid on May 30, 2013 to shareholders of record on May 16, 2013 and the June dividend will be paid on June 27, 2013 to shareholders of record on June 13, 2013. Full Article
Franco-Nevada Corp Announces Closing Of Weyburn Net Royalty Interest Acquisition
Franco-Nevada Corp announced that the closing of the acquisition of an 11.7% net royalty interest (NRI) in the Weyburn Oil Unit (the Unit) from Penn West Petroleum Ltd. and Penn West Petroleum. Franco-Nevada paid CAD400 million in cash, prior to minor closing adjustments, for the NRI with funds coming from working capital. The acquisition has an effective date of October 1, 2012. Full Article
Franco-Nevada Corp To Buy Royalty Interest In Oil Field For CAD400 Million From Penn West Petroleum Ltd-Reuters
Reuters reported that Franco-Nevada Corp said it will buy an 11.7% net royalty interest in an oil field in Saskatchewan from Penn West Petroleum Ltd for CAD400 million in cash. The Company said it will buy the royalty interest in the Weyburn oil unit in southeast Saskatchewan. The Company expects the deal to close by November 30. Franco-Nevada, which funded the deal with working capital, provides upfront cash in exchange for future royalties. Full Article
Franco-Nevada Corp Announces Dividend
Franco-Nevada Corp announced that the Board of Directors of Franco-Nevada declared an increased monthly dividend of $0.06 per share for each of January, February and March 2013. The January dividend will be paid on January 31, 2013 to shareholders of record on January 17, 2013, the February dividend will be paid on February 28, 2013 to shareholders of record on February 14, 2013 and the March dividend will be paid on March 28, 2013 to shareholders of record on March 14, 2013. Full Article
Coro Mining Corp Executes Amended San Jorge Agreement
Coro Mining Corp announced that further to its news release of February 29th 2012, Franco-Nevada Corporation (Franco Nevada) and the Company have executed an amended Purchase Agreement by which Coro may acquire its 100% interest in Minera San Jorge ("MSJ"). Franco Nevada acquired Lumina Royalty Corp, the previous owner of MSJ in December 2011. The amended terms for Coro to acquire 100% of MSJ are as follows: -- Option payments by Coro of $1.25 million per year, for 10 years, payable quarterly, commencing March 31, 2012; -- Coro may at any time, prepay the outstanding amount with a one-time payment equal to the net present value of the future payments, using a 5% discount rate; A 7.5% Net Smelter Return ("NSR") payable by Coro on all gold produced from the property; The option payments are not payable when exceeded by the gold NSR payment for the period; No other consideration, obligations, payments, or royalties are due to Franco Nevada, and Coro may withdraw from the Agreement at any time by not making the options payments due. Full Article
Franco-Nevada Corp Sees FY 2012 Revenue Guidance At Low End Of Prior Range
Franco-Nevada Corp announced that for fiscal 2012, it expects revenue to be at the low end of its previously provided guidance of $430-$460 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $451 million for fiscal 2012. Full Article
Franco-Nevada Corp Declares Monthly Dividend
Franco-Nevada Corp announced that the Board of Directors of Franco-Nevada declared the monthly dividend of $0.05 per share for each of October, November and December 2012. The October dividend will be paid on October 25, 2012 to shareholders of record on October 11, 2012, the November dividend will be paid on November 29, 2012 to shareholders of record on November 15, 2012 and the December dividend will be paid on December 20, 2012 to shareholders of record on December 6, 2012. Full Article
Franco-Nevada Corp Declares Increased Monthly Dividend
Franco-Nevada Corp announced that the Board of Directors have declared an increased monthly dividend of USD0.05 per share for each of July, August and September 2012. The July dividend will be paid on July 26, 2012 to shareholders of record on July 12, 2012, the August dividend will be paid on August 30, 2012 to shareholders of record on August 16, 2012 and the September dividend will be paid on September 27, 2012 to shareholders of record on September 13, 2012. Full Article
Lake Shore Gold Corp. And Franco-Nevada Corporation Enters Agreement For $50 Million Royalty And Equity Investment
Lake Shore Gold Corp. announced that the Company has entered into an agreement with Franco-Nevada Corporation (Franco-Nevada) through which Franco-Nevada will pay to the Company $35 million for a 2.25% net smelter return (NSR) royalty on the sale of minerals from the Company's Timmins West Complex. In addition, Franco-Nevada will pay $15 million to acquire 10,050,591 common shares of the Company on a private placement basis, with the purchase price per share of $1.49 representing a 5% premium to the 10 day volume weighted average price. Full Article
Franco-Nevada shares fall as outlook disappoints
TORONTO, March 20 - Shares of Franco-Nevada Corp fell as much as 6.4 percent on Wednesday the day after the Canadian gold royalty and streaming company released fourth-quarter results that missed analyst estimates and offered a disappointing 2013 outlook.
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