Franco-Nevada Enters $100M Financing Deal with Orezone
Written by Emily J. Thompson, Senior Investment Analyst
Franco-Nevada Corporation (FNV) announced that, through a wholly-owned Canadian subsidiary, it has entered into a $100M gold stream financing transaction with Orezone Gold Corporation (ORZCF) to support its acquisition of Hecla Mining Company's (HL) producing Casa Berardi Gold Mine and all other Quebec assets, including the Heva-Hosco Gold Project. "We are pleased to add another operating gold mine to our Canadian portfolio and to partner with Orezone on this transformative transaction," said Paul Brink, President & CEO of Franco-Nevada. "Patrick and the Orezone team are proven operators and developers, and we are excited to partner with them as they build Casa Berardi's next chapter."
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Analyst Views on FNV
Wall Street analysts forecast FNV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FNV is 236.43 USD with a low forecast of 210.00 USD and a high forecast of 270.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 267.640
Low
210.00
Averages
236.43
High
270.00
Current: 267.640
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.
Franco-Nevada Enters $100 Million Gold Stream Financing with Orezone
- Gold Stream Financing: Franco-Nevada has entered into a $100 million gold stream financing with Orezone through a wholly-owned subsidiary to support the acquisition of Hecla's Casa Berardi gold mine and other assets, which is expected to significantly enhance its gold asset portfolio in Canada.
- Immediate Gold Revenues: The stream will provide immediate gold revenues from the Casa Berardi mine, which has produced over 3.2 million ounces of gold historically and is expected to continue delivering stable cash flow, thereby enhancing the company's financial stability.
- Significant Resource Potential: The Casa Berardi mine hosts 1.3 million ounces of P&P mineral reserves and 0.9 million ounces of M&I mineral resources, while the Heva-Hosco project contains 1.2 million ounces of M&I mineral resources, indicating strong exploration potential and future expansion opportunities.
- Experienced Management Team: Orezone is led by Patrick Downey, who has over 40 years of experience in the resource industry and has successfully built and expanded the Bomboré mine, which is expected to provide robust support for the future development of Casa Berardi.
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