Not only is Franco-Nevada the world’s first gold royalty company, but it is also the world’s largest and most successful gold royalty company. Franco-Nevada has the most robust commodities portfolio of all royalty and streaming companies in terms of asset diversification, geography, project pipeline, and revenue type, resulting in sustainable and consistently growing dividends.
Previously this series focused on a top level overview of Franco-Nevada. Now, we’re digging into Franco-Nevada’s Central and South American operations and will be following-up with regional-specific posts to gather a complete understanding of Franco-Nevada’s commodity and country risks. This blog is the eighth post in this series. For those interested, here are the other articles that led us to where we are today:
- A Brief History Of Gold
- Interesting Facts About Gold
- What Are Gold Royalties & Streaming Companies?
- Advantages of Gold Royalties & Streaming
- Franco-Nevada: More Than Gold
- Franco-Nevada: Canada
- Franco-Nevada: United States
Franco-Nevada’s Central & South American Operations
Most recent data shows that Franco-Nevada’s adjusted EBITDA by commodity comes to 66% gold, 16% silver, 7% PGMs, 8% oil and gas, and 3% “other.” When one considers the adjusted EBITDA by geography, we see geographic diversification built into Franco-Nevada’s business with an EBITDA at 42% Latin America, 21% Canada, 18% United States, and 19% rest of World.
It’s interesting to note that, while relatively few projects makeup Franco-Nevada’s Latin American assets (compared, for example, to Canada and the United States), a relatively large portion of the company’s revenue comes from this region, with 42% of EBITDA, the largest portion of Franco-Nevada’s portfolio. There are 377 total assets in Franco-Nevada’s commodities portfolio, and the following projects are based in Central and South America (Latin America):
- Cerro San Pedro
- Cobre Panama
- CentroGold (Gurupi)
- Cerro Moro
- San Jorge
Other Mining Assets:
Oil & Gas:
Maps with the projects highlighted:
Click the images below for Franco-Nevada’s complete asset map.
Stay tuned for the next article in this series! We’ll be digging into Franco-Nevada’s African and S.E. European royalties portfolio.
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