Franco-Nevada Corporation

Franco-Nevada Corporation is a leading gold-focused royalty and streaming company, operating with an asset-light business model. The company provides upfront capital to mining operators in exchange for royalties or streams on future production, thereby gaining exposure to commodity prices and exploration upside without incurring the operating costs and risks associated with direct mine operation or exploration. Its mission is to serve as a robust gold investment for shareholders, operating partners, and communities. Franco-Nevada's corporate headquarters are located in Toronto, Ontario, Canada.

The company manages a large and diversified portfolio of over 430 assets, spanning various commodities, geographies, revenue types, and project stages. While predominantly focused on gold, which constituted approximately 77% of its revenue in 2025, Franco-Nevada also generates revenue from silver, platinum group metals, and energy royalties, with energy contributing about 8% in 2025. This diversified approach, coupled with its royalty and streaming model, enables the company to generate high-margin cash flows and capitalize on rising commodity prices.

Paul Brink serves as the President and Chief Executive Officer, a role he assumed in May 2018. David Harquail is the current Chair of the Board, with Tom Albanese designated to succeed him as the independent Chair. Franco-Nevada reported record results for 2025, driven by strong operational performance and favorable precious metal prices. Recent developments include the approval for processing stockpiled ore at the Cobre Panamá mine, which is expected to contribute to near-term revenue. The company maintains a significant market presence, positioning itself among the largest publicly traded royalty firms globally, with a market capitalization of approximately $28.5 billion as of January 2026.