Franco-Nevada (FNV): Record Revenue, Record Earnings, Record Quarter

Franco-Nevada Corporation (NYSE:FNV) is one of the best TSX stocks to buy according to hedge funds. On April 7, Franco-Nevada Corporation (NYSE:FNV) said that its partner, First Quantum Minerals Ltd., had received formal approval from the Government of Panama to remove, process, and export stockpiled ore at the Cobre Panamá mine. This ore was mined before operations were suspended in November 2023.

According to First Quantum, the stockpile totals approximately 38 million tons of mineralized ore at varying grades. It also contains around 70,000 tons of recoverable copper. The company added that this approval does not mean the mine has been fully reopened. Instead, it only covers the existing stockpile and will not involve any new drilling, blasting, or reactivation of underground or open-pit mining operations.

Meanwhile, on March 10, Franco-Nevada released its full-year and Q4 2025 financial results, in which the full-year revenue climbed 64% year over year to $1.82 billion, which is a new company record. Adjusted net income rose 74% to $1.08 billion, and the company sold 519,106 gold equivalent ounces (GEOs), up 12% from 2024.

Quarterly revenue jumped 86% year over year to $597.3 million, which management said was the best single quarter in company history. This was driven largely by record gold and silver prices, strong output from Antamina and South Arturo, and contributions from recently acquired assets, including Côté Gold, Western Limb, and Porcupine, noted management.

Franco-Nevada Corporation (NYSE:FNV) is a royalty and streaming company focused primarily on gold, but with additional exposure to silver, platinum group metals, and energy assets. The company provides upfront capital to mining operators in exchange for royalties or streams on future production.

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