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Home > Company Index > Metals & Mining > Gold & Silver & Other Precious Metals > Franco-Nevada Mining Corporation Limited
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Franco-Nevada Mining Corporation Limited |
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NEWS FROM THE WIRES |
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Franco-Nevada sees 14 percent hike in Q1 earnings Aug 16 2001 08:27 AM PDT
Franco-Nevada sees 14 percent hike in Q1 earnings Aug 16 2001 08:27 AM PDT
> More WIRE STORIES about this company
PROFILE |
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Franco-Nevada Mining owns gold mines, but the company doesn't waste much money exploring. Instead, it buys stakes in operating gold, silver, and platinum mines so it can collect royalties without having to worry about capital obligations or environmental liabilities. Franco-Nevada has proven and probable precious metals reserves totaling 13.2 million ounces in six countries. The company, which also owns oil and gas royalties in Canada, and nickel royalties in the Dominican Republic, has agreed to acquire a 20% stake in Australia-based gold miner Normandy Mining. South Africa scuttled Franco-Nevada's planned merger with Gold Fields Ltd. because it would provide little benefit to the South African economy.
COMPETITION |
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Barrick Gold Corporation (ABX)
Newmont Mining Corporation (NEM)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2000 Sales (mil.): 48.30
1-Yr. Sales Growth: (6.3)%
Employees: 47
Revenue per employee: $1,027,659.57
KEY PEOPLE |
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Seymour Schulich
CEO
Ronald W. Binns
CFO
CONTACT INFO |
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20 Eglinton Ave. West, Ste. 1900
Toronto Ontario M4R 1K8, Canada
Phone: 1-416-480-6480
Fax: 1-416-488-6598
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
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