Franco-Nevada reports Q2 2026 results

Canada NewsWire

Tracking towards the upper half of annual guidance range

(in U.S. dollars unless otherwise noted)

TORONTO , Aug. 11, 2026 /CNW/ -- Gold equivalent ounces sold in the quarter were 18% higher compared to the prior year period. Financial results benefited further from strong year-over-year precious metal and oil prices in the quarter. Production for the portfolio is expected to be weighted to the second half of the year, largely due to the expected production profiles at Candelaria, Tocantinzinho and Côté Gold, among others. During the quarter, the Government of Panama allowed the processing of stockpiles at Cobre Panamá to commence and established a ministerial commission to consider the future of the mine. The Company is tracking towards the upper half of its annual guidance range for 2026 due to elevated oil prices and anticipated deliveries from the processing of stockpiles at Cobre Panamá.

"Our portfolio is set to benefit from strong organic growth evidenced by resource increases, planned mine expansions and project advancements," stated Paul Brink, President & CEO. "With $4.3 billion in available capital, the Company is also well positioned to take advantage of a strong pipeline of deal opportunities."

Financial Highlights – Q2 2026 compared to Q2 2025

$580.9 million in revenue, +57% .

132,405 GEOs 1 sold, +18%.

122,205 Net GEOs 1 sold, +20%.

$482.5 million in operating cash flow, +12%.

$529.7 million ($2.75/share) in Adjusted EBITDA 2 , +45%.

$354.0 million ($1.84/share) in net income, +43%.

$349.2 million ($1.81/share) in Adjusted Net Income 2 , +46%.

$4.3 billion in Available Capital 3 as at June 30, 2026.

Financial Highlights – H1 2026 compared to H1 2025

$1,231.6 million in revenue, +67% – new half-year record.

268,758 GEOs sold, +13%.

248,225 Net GEOs sold, +15%.

$1,002.9 million in operating cash flow, +39% – new half-year record.

$1,121.6 million in Adjusted EB