14 Facts About Franco-Nevada

Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets.

Old Franco-Nevada was a publicly listed company on the Toronto Stock Exchange from 1983 to 2002.

In 1986, Old Franco-Nevada made its first royalty acquisition, and acquired or created additional royalties and resource investments from 1986 to 2002.

Franco-Nevada has grown substantially since the IPO through the acquisition of existing royalties but by acquiring precious metal streams directly from mine operators.

Franco-Nevada has continued to add to its oil and gas royalty interests, particularly in the major US oil and gas fracking basins.

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Franco-Nevada initially began trading as a public gold exploration company in 1983 and was led by executives Seymour Schulich and Pierre Lassonde.

In 1985 Franco-Nevada raised $930,000 to purchase gold royalties in a follow-on offering.

Franco-Nevada assumed that known reserves would allow the royalty to pay for itself regardless of additional exploration results.

In 1988 Franco-Nevada purchased a royalty on the Castle Mountain mine in California.

Franco-Nevada further went on to purchase royalties in various other commodities, but continued its focus on gold.

Pierre Lassonde, David Harquail and a small team led by management of the original Franco-Nevada, launched an initial public offering on the Toronto Stock Exchange raising CA$1.

In October 2015, Franco-Nevada agreed to pay Teck Resources US$610 million for a stream on Teck's 22.

In February 2016, Franco-Nevada acquired a gold and silver steam related to the Antapaccay mine in Peru from Glencore for $500 million.

Franco-Nevada committed $520 million to the venture to be invested through 2021.