First Quantum makes progress towards Panama mine restart - Bloomberg
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2025
0mins
Should l Buy FNV?
Source: SeekingAlpha
Cobre Panama Mine Developments: First Quantum Minerals is preparing to ship 120K metric tons of stranded copper from its Cobre Panama mine, which was shut down in late 2023. Franco-Nevada has agreed to halt arbitration against Panama, facilitating negotiations for a potential restart of the mine.
Community and Government Response: A march by mine workers and local communities is planned to advocate for the resumption of operations at Cobre Panama, amidst ongoing anti-mining sentiment that contributed to its closure. The ability of the Panamanian government to address these sentiments remains uncertain.
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Analyst Views on FNV
Wall Street analysts forecast FNV stock price to rise
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 234.500
Low
210.00
Averages
236.43
High
270.00
Current: 234.500
Low
210.00
Averages
236.43
High
270.00
About FNV
Franco-Nevada Corporation is a Canada-based gold-focused royalty and streaming company. The Company’s segments include precious metals, other mining and energy. The Company’s portfolio is diversified by commodity, geography and asset. Its assets include Candelaria, Antapaccay, Antamina, Condestable, Tocantinzinho, Cerro Moro, Salares Norte, Cascabel (Alpala), Posse (Mara Rosa), CentroGold (Gurupi), Calcatreu, and San Jorge. Its other mining assets include NuevaUnion, Taca Taca, Caserones, Copper World Project, Ring of Fire, Mt Keith, Crawford, Robinson, EaglePicher, Copper World Project, and Milpillas. Its United States assets include Stillwater, Goldstrike, Gold Quarry, Marigold, Bald Mountain, South Arturo, Mesquite, Castle Mountain, Stibnite Gold, Sterling, Granite Creek (Pinson) and Arthur Gold Project. Its Canadian assets include Detour Lake, Sudbury, Hemlo, Brucejack, Macassa (Kirkland Lake), Dublin Gulch (Eagle), Musselwhite, and Timmins West.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sustainability Commitment: The 2026 Sustainability Report emphasizes the company's ongoing efforts in health, safety, and community management, showcasing its leadership in global mining, which may attract more environmentally and socially responsible investors.
- Strong Financial Performance: Since its IPO in 2007, Franco-Nevada has achieved a 17% compounded annual growth rate, with approximately $1.66 billion in Adjusted EBITDA for 2025, demonstrating robust financial health and enhancing its competitiveness in the resource sector.
- Debt-Free Advantage: The company is currently debt-free with $3.1 billion in available capital, and combined with the potential from recent acquisitions and mine expansions, it is expected to further drive future growth and solidify its leadership in gold and other mineral resources.
See More
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- Sustainability Report Highlights: The 2026 Sustainability Report showcases the company's achievements in 2025 and future commitments, emphasizing responsible capital allocation and community contributions, aiming to elevate its leadership in sustainability.
- Gold-Focused Business Model: As a leading gold-focused royalty and streaming company, Franco-Nevada boasts the largest portfolio of cash-flow producing assets, providing investors with gold price and exploration optionality while limiting exposure to cost inflation risks.
- Debt-Free Operations: Franco-Nevada operates debt-free, utilizing its free cash flow to expand its portfolio and pay dividends, which provides strong support for future growth and shareholder returns due to its financial stability.
See More
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- Conference Call Timing: The company plans to hold a conference call on May 13 at 8:00 AM ET to discuss financial performance and future outlook, aiming to bolster market confidence.
- Dial-in Numbers: Investors can participate in the call using the toll-free number 1-888-510-2154 or the international number 437-900-0527, ensuring broad investor engagement.
- Replay Information: The replay of the earnings call will be available until May 20, allowing investors to access the information via the toll-free number 1-888-660-6345, enhancing information accessibility.
See More
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See More
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- Financing Boosts Development: Lake Victoria Gold recently secured a gold loan facility worth up to $25 million, aimed at advancing its Imwelo Gold Project in Tanzania, which is expected to accelerate project progress and enhance production capacity.
- Tightening Gold Supply: Central banks net purchased 27 tonnes of gold in February 2026, reflecting a sustained demand for gold, while global mine output saw only a 1% increase, exacerbating supply constraints in the market.
- Optimistic Market Outlook: Analysts project 2026 gold price targets between $4,700 and $5,200, with Goldman Sachs raising its year-end forecast to $5,400, indicating strong confidence in the gold market.
- Significant Technical Advancements: The Imwelo project confirmed gold recovery rates of up to 97%, with drilling results in Area C showing grades of 11.88 g/t, indicating strong economic potential and sustainability for the project.
See More
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- Government Approval for Ore Processing: The Panamanian government has formally approved Franco-Nevada's processing and export of stockpiled ore from the Cobre Panama mine, which is expected to positively impact the company's future revenues.
- Ore Stockpile Details: Partner First Quantum Minerals estimates the stockpile at approximately 38 million metric tons, containing around 70,000 metric tons of recoverable copper, highlighting the project's economic potential.
- Gold and Silver Delivery Expectations: Franco-Nevada anticipates that processing this material will yield approximately 23,000 ounces of gold and 265,000 ounces of silver, further strengthening its position in the precious metals market.
- Mine Operation Status: First Quantum clarified that this activity does not constitute a reopening of the mine and will not involve any new drilling or blasting, indicating a focus on compliance while still leveraging existing resources.
See More
Franco-Nevada Releases 2026 Asset Handbook and Sustainability Report
- Asset Handbook Release: Franco-Nevada's 2026 Asset Handbook details the performance and outlook of 121 cash-flow producing assets, which is expected to aid investors in assessing the portfolio's potential, thereby boosting market confidence.
- Sustainability Commitment: The 2026 Sustainability Report emphasizes the company's ongoing efforts in health, safety, and community management, showcasing its leadership in global mining, which may attract more environmentally and socially responsible investors.
- Strong Financial Performance: Since its IPO in 2007, Franco-Nevada has achieved a 17% compounded annual growth rate, with approximately $1.66 billion in Adjusted EBITDA for 2025, demonstrating robust financial health and enhancing its competitiveness in the resource sector.
- Debt-Free Advantage: The company is currently debt-free with $3.1 billion in available capital, and combined with the potential from recent acquisitions and mine expansions, it is expected to further drive future growth and solidify its leadership in gold and other mineral resources.
See More
Franco-Nevada Releases 2026 Asset Handbook and Sustainability Report
- Asset Handbook Release: Franco-Nevada's 2026 Asset Handbook provides detailed descriptions of all significant assets, helping investors assess the potential of its portfolio and enhancing market confidence in its resource optionality.
- Sustainability Report Highlights: The 2026 Sustainability Report showcases the company's achievements in 2025 and future commitments, emphasizing responsible capital allocation and community contributions, aiming to elevate its leadership in sustainability.
- Gold-Focused Business Model: As a leading gold-focused royalty and streaming company, Franco-Nevada boasts the largest portfolio of cash-flow producing assets, providing investors with gold price and exploration optionality while limiting exposure to cost inflation risks.
- Debt-Free Operations: Franco-Nevada operates debt-free, utilizing its free cash flow to expand its portfolio and pay dividends, which provides strong support for future growth and shareholder returns due to its financial stability.
See More
Franco-Nevada to Release Q1 2026 Results on May 12
- Earnings Release Schedule: Franco-Nevada Corporation will release its Q1 2026 results after market close on May 12, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company plans to hold a conference call on May 13 at 8:00 AM ET to discuss financial performance and future outlook, aiming to bolster market confidence.
- Dial-in Numbers: Investors can participate in the call using the toll-free number 1-888-510-2154 or the international number 437-900-0527, ensuring broad investor engagement.
- Replay Information: The replay of the earnings call will be available until May 20, allowing investors to access the information via the toll-free number 1-888-660-6345, enhancing information accessibility.
See More
Lake Victoria Gold Secures $25 Million Financing for Growth
- Financing Accelerates Development: Lake Victoria Gold has secured a gold loan facility worth up to $25 million, backed by 6,000 ounces of gold, providing essential working capital for its Imwelo Gold Project in Tanzania, ensuring timely project advancement and accelerating development efforts.
- Tightening Gold Market: Central banks net purchased 27 tonnes of gold in February 2026, indicating sustained demand, while global mine output only saw a 1% increase, intensifying competition for resource acquisition among companies like Lake Victoria Gold.
- Significant Technical Progress: The Imwelo project confirmed gold recovery rates of up to 97%, with recent drilling returning grades of 11.88 g/t gold, providing strong support for the company's future production potential and attracting strategic investor interest.
- Government Support Boosts Confidence: The Tanzanian government has formally begun incorporating its statutory 16% free carried interest in the Tembo mining licenses, marking a regulatory step that signals smooth project advancement within the national framework, further enhancing investor confidence in Lake Victoria Gold.
See More
Lake Victoria Gold Secures $25 Million Financing for Expansion
- Financing Boosts Development: Lake Victoria Gold recently secured a gold loan facility worth up to $25 million, aimed at advancing its Imwelo Gold Project in Tanzania, which is expected to accelerate project progress and enhance production capacity.
- Tightening Gold Supply: Central banks net purchased 27 tonnes of gold in February 2026, reflecting a sustained demand for gold, while global mine output saw only a 1% increase, exacerbating supply constraints in the market.
- Optimistic Market Outlook: Analysts project 2026 gold price targets between $4,700 and $5,200, with Goldman Sachs raising its year-end forecast to $5,400, indicating strong confidence in the gold market.
- Significant Technical Advancements: The Imwelo project confirmed gold recovery rates of up to 97%, with drilling results in Area C showing grades of 11.88 g/t, indicating strong economic potential and sustainability for the project.
See More
Franco-Nevada Shares Rise 3.3% After Panama Approves Ore Processing
- Government Approval for Ore Processing: The Panamanian government has formally approved Franco-Nevada's processing and export of stockpiled ore from the Cobre Panama mine, which is expected to positively impact the company's future revenues.
- Ore Stockpile Details: Partner First Quantum Minerals estimates the stockpile at approximately 38 million metric tons, containing around 70,000 metric tons of recoverable copper, highlighting the project's economic potential.
- Gold and Silver Delivery Expectations: Franco-Nevada anticipates that processing this material will yield approximately 23,000 ounces of gold and 265,000 ounces of silver, further strengthening its position in the precious metals market.
- Mine Operation Status: First Quantum clarified that this activity does not constitute a reopening of the mine and will not involve any new drilling or blasting, indicating a focus on compliance while still leveraging existing resources.
See More
