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FNV on NYSE

Franco-Nevada

Canadian company

Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. It is traded on the Toronto Stock Exchange and New York Stock Exchange. The Old Franco-Nevada was a publicly listed company on the Toronto Stock Exchange from 1983 to 2002.3 Its shares trade on NYSE under the symbol FNV.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$1.1BNet income, fiscal 20255
2007Founded1

Compare with FORTUNA MINING CORP., ENDEAVOUR SILVER CORP or Centerra Gold, or pick any stock.

  • TickerFNV on NYSE1
  • IndustryGold and Silver Ores1
  • HeadquartersToronto1
  • Websitewww.franco-nevada.com
  • Legal formpublic company1
  • Listed onToronto Stock Exchange, New York Stock Exchange (FNV)1
  • Incorporated inCanada (Federal Level)6
  • Business address199 Bay Street, Suite 2000, Commerce Court West, Toronto, A6 M5L 1G96
  • LEI98450064C1B5D3E948644
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address199 BAY STREET, SUITE 2000, M5L 1G9 Toronto, Canada4
  • Registered withCorporations Canada, 445771-44

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Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. It is traded on the Toronto Stock Exchange and New York Stock Exchange.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

14.6%Return on equity5
$1.5BFree cash flow5

Financial statements

Gross profit89101112135$1.3B in 2025+369% since 2018
0$500.0M$1.0B$1.5B2018: $287.3M$287.3M20182019: $436.1M$436.1M2019+52%2020: $620.4M$620.4M2020+42%2021: $822.1M$822.1M2021+33%2022: $852.6M$852.6M2022+4%2023: $766.6M$766.6M2023−10%2024: $759.3M$759.3M2024−1%2025: $1.3B$1.3B2025+77%
Operating income89101112135$1.4B in 2025+617% since 2018
-$500.0M0$500.0M$1.0B$1.5B2018: $188.8M$188.8M20182019: $410.2M$410.2M2019+117%2020: $336.5M$336.5M2020−18%2021: $860.7M$860.7M2021+156%2022: $820.7M$820.7M2022−5%2023: -$428.0M-$428.0M20232024: $726.6M$726.6M20242025: $1.4B$1.4B2025+86%
Net income89101112135$1.1B in 2025+700% since 2018
-$500.0M0$500.0M$1.0B$1.5B2018: $139.0M$139.0M20182019: $344.1M$344.1M2019+148%2020: $326.2M$326.2M2020−5%2021: $733.7M$733.7M2021+125%2022: $700.6M$700.6M2022−5%2023: -$466.4M-$466.4M20232024: $552.1M$552.1M20242025: $1.1B$1.1B2025+101%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenue from royalty, streams and working interests (Note 14)$1.8B$1.1B
Interest revenue (Note 7)$14.2M$8.3M
Other interest income (Note 7)$600.0K
Total revenue$1.8B$1.1B
Costs of sales (Note 15)$168.8M$129.0M
Depletion and depreciation$306.7M$225.3M
Total costs of sales$475.5M$354.3M
Gross profit$1.3B$759.3M
General and administrative expenses (Note 2 (q), 16)$35.3M$32.9M
Share-based compensation expenses (Note 17)$16.9M$8.0M
Impairment reversal (Note 10)-$4.8M
Gain on disposal of royalty interests (Note 10)-$300.0K
Gain on sale of gold and silver bullion (Note 8)-$54.3M-$7.9M
Total other operating (income) expenses-$6.9M$32.7M
Operating income$1.4B$726.6M
Foreign exchange gain (loss) and other income (expenses) (Note 19)$36.7M-$20.7M
Income before finance items and income taxes$1.4B$705.9M
Finance income$28.2M$60.6M
Finance expenses-$3.1M-$2.6M
Net income before income taxes$1.4B$763.9M
Income tax expense (Note 21)$303.9M$211.8M
Net income$1.1B$552.1M
Currency translation adjustment$91.2M-$131.3M
"Gain on changes in the fair value of equity investments at fair value through other comprehensive income (""FVTOCI""), net of income tax (Note 6)"$696.3M$40.4M
Other comprehensive income (loss), net of taxes$787.5M-$90.9M
Comprehensive income$1.9B$461.2M
Basic earnings per share (in dollars per share)$5.77$2.87
Diluted earnings per share (in dollars per share)$5.76$2.87
Basic EPS - (in shares)192.7M shares192.4M shares
Diluted EPS - (in shares)193.0M shares192.6M shares

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Corporate structure

Franco-Nevada sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Franco-Nevada

  • FMR LLC Filed SCHEDULE 13G/A on Franco-Nevada, latest May 6, 2026 (8 filings since Feb 9, 2022)
  • FIL Ltd Filed SCHEDULE 13G/A on Franco-Nevada, latest Nov 5, 2025 (2 filings since Nov 12, 2024)
  • BlackRock Filed SCHEDULE 13G/A on Franco-Nevada, latest Apr 23, 2025 (4 filings since Feb 3, 2022)
  • MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Filed SC 13G/A on Franco-Nevada, latest Feb 9, 2024 (2 filings since Feb 8, 2023)
  • Franco-Nevada Toronto, Ontario, Canada
    • EMX Royalty Corp Stake · Vancouver, British Columbia, Canada
    • FRANCO-NEVADA AUSTRALIA PTY LTD Subsidiary · 100% · West Perth, Australia

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Franco-Nevada reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$700.0K5 Dec 31, 2025$400.0K5 Dec 31, 2024+75.0%
Operating-lease assets (leased space)$4.2M5 Dec 31, 2025$4.5M5 Dec 31, 2024−6.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$670.9M5 Dec 31, 2025$1.5B5 Dec 31, 2024−53.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$40.1M5 Dec 31, 2025$96.8M5 Dec 31, 2024−58.6%

The story

Franco-Nevada initially began trading as a public gold exploration company in 1983 and was led by executives Seymour Schulich and Pierre Lassonde. At the time, oil and gas royalty ownership—but not gold royalty ownership—was an established business strategy. In 1985 Franco-Nevada raised $930,000 to purchase gold royalties in a follow-on offering. The company made its first royalty investment in 1986, spending half the corporate treasury ($2 million) to acquire 4% of revenues from a mine in Nevada owned by Western States Minerals, later called Goldstrike mine. Franco-Nevada assumed that known reserves would allow the royalty to pay for itself regardless of additional exploration results. Barrick Gold Corp. acquired the Goldstrike property in 1986 and started production in 1987. The Goldstrike deposit is the largest Carlin-style deposit discovered globally and up until 2018, the mine had produced 44 Moz of gold.

In 1988 Franco-Nevada purchased a royalty on the Castle Mountain mine in California. Despite the Castle Mountain mine being unsuccessful, losing money and eventually closing, Franco-Nevada collected triple its investment of $2.8 million.

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

In the early 1990s, consulting geologist Ken Snyder convinced the management of Franco-Nevada to stake a play at the intersection of the Carlin and Getchell trends in Nevada, leading to the high-grade gold and silver discovery of what became the Ken Snyder Mine. Franco-Nevada concluded that the mine had a high enough silver credit to carry all operating costs, thereby creating an effective 100% gold royalty. Construction of the $84 million project was completed and first gold was produced in December 1998.

Seymour Schulich and Pierre Lassonde created a sister company to Franco-Nevada, named Euro-Nevada. Euro-Nevada had a gold-only focus while Franco-Nevada was more diversified. In June 1999, they merged Franco-Nevada and Euro-Nevada to increase liquidity and financial capacity and improve clarity for shareholders. The combined companies had a market value of $3.5 billion at the time.

From Wikipedia’s article on Franco-Nevada, shared under CC BY-SA 4.0.7

Timeline

  1. Sep 8, 2011Went public Listed on NYSE1
  2. 2007Founded Founded1

Calendar

Coming up

  1. Nov 11, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.43 a share, on Nov 3, 2025.14

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

137 filings to the SEC since October 2021: 5 annual reports, 16 large holders, 116 other. The latest 20:

  1. Oct 13, 20266-K EDGAR
  2. Sep 30, 20266-K EDGAR
  3. Sep 28, 20266-K EDGAR
  4. Sep 14, 20266-K EDGAR
  5. Aug 12, 20266-K EDGAR
  6. Jul 20, 20266-K EDGAR
  7. Jul 16, 2026EFFECT EDGAR
  8. Jul 10, 2026F-X EDGAR
  9. Jul 10, 2026F-10 EDGAR
  10. Jul 10, 20266-K EDGAR
  11. Jun 17, 20266-K EDGAR
  12. May 29, 2026SD EDGAR
  13. May 13, 20266-K EDGAR
  14. May 12, 20266-K EDGAR
  15. May 6, 20266-K EDGAR
  16. May 6, 2026SCHEDULE 13G/A EDGAR
  17. Apr 21, 20266-K EDGAR
  18. Apr 8, 20266-K EDGAR
  19. Apr 7, 20266-K EDGAR
  20. Mar 19, 20266-K EDGAR

The 137 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Franco-Nevada has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC21,649,301$4.5B0.2%+52,204
Massachusetts Financial Services Co /ma/11,045,957$2.4B0.8%−47,191
First Eagle Investment Management, LLC10,546,634$2.2B1.8%+5,272,097
Van Eck Associates Corp7,017,409$1.5B0.9%−533,687
FIL Ltd6,814,044$1.4B1.0%+918,766
Vanguard Capital Management LLC5,619,690$1.2B0.0%+70,503
Bank Of Montreal /can/5,361,688$1.1B0.4%+253,491
Royal Bank Of Canada4,359,454$908.7M0.2%+1,360,487
Capital World Investors4,328,732$903.2M0.1%−641,070
EdgePoint Investment Group Inc.3,159,182$658.5M5.0%−302,042
Norges Bank2,788,613$581.3M0.1%New
1832 Asset Management L.P.2,569,467$535.6M0.7%−40,358
Mackenzie Financial Corp1,595,402$472.1M0.5%−849,372
Geode Capital Management, LLC2,165,139$462.7M0.0%+230,289
Renaissance Technologies LLC2,036,918$424.6M0.6%−182,000
Deutsche Bank Ag\1,786,773$372.4M0.1%+54,043
Vanguard Fiduciary Trust Co1,700,117$354.7M0.1%+16,092
Capital Research Global Investors1,596,170$332.8M0.0%−25,062
TD Asset Management Inc1,581,785$329.9M0.3%−355,607
National Bank Of Canada /fi/1,482,000$308.5M0.3%+128,893
Orbis Allan Gray Ltd1,290,361$269.0M0.9%+210,922
Canada Pension Plan Investment Board1,220,989$254.5M0.1%+38,871
M&g PLC1,055,680$230.5M1.2%+165,706
Cibc World Market Inc.1,082,752$225.7M0.4%−238,052
Amundi1,032,999$215.3M0.1%−158,418

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 3, 2025Thomas H. Kean, Jr.Republican, HouseBuy$1,001 - $15,000+6.9%Report
Feb 28, 2022Donald S. Beyer, Jr.Democratic, HouseSale$1,001 - $15,000+13.0%Report
Oct 4, 2021Donald S. Beyer, Jr.Democratic, HouseSale$1,001 - $15,000−7.8%Report
Jun 21, 2021Donald S. Beyer, Jr.Democratic, HouseBuy$1,001 - $15,000−20.8%Report
May 6, 2021Donald S. Beyer, Jr.Democratic, HouseBuy$1,001 - $15,000−19.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Franco-Nevada is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFRANCO NEVADA Corp2
  • CIK0001456346
  • Incorporated inCanada20
  • Fiscal year endsDecember 312
  • Industry code (SIC)1040 Gold and Silver Ores2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address199 Bay Street, Suite 2000, Commerce Court West, Toronto, A6 M5L 1G92
  • Phone416-306-63172
  • Shares outstanding192,798,692 shares as of Dec 31, 202520
  • On EDGAR sinceFeb 10, 20092
  • Filings423 in all: 6-K (261), SC 13G/A (42), 40-F (15), FWP (15), F-X (11), EFFECT (9), F-10 (9), UPLOAD (9)2
    All 25 form types

    CORRESP (8), SC 13G (7), SUPPL (7), F-10/A (6), SCHEDULE 13G/A (6), F-3D (4), SD (3), 40-F/A (2), 40FR12B (1), 40FR12B/A (1), CERTNYS (1), IRANNOTICE (1), REGDEX (1), S-8 (1), SC TO-C (1), SC14D1F (1), SC14D1F/A (1)

  • Latest filingsAnnual report (40-F) Mar 19, 2026

Securities registered for trading

ClassSymbolExchange
Common SharesFNVNew York Stock Exchange

From the cover page of the 40-F filed Mar 19, 2026 (Section 12(b) of the Exchange Act).20

Sources

The numbers on this page point here. Each one links to the record it came from.

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