Gold Supercycle Enters Most Profitable Phase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
0mins
Source: PRnewswire
- Gold Price Surge: Gold prices have surpassed $5,400, with major mining companies achieving 70% gross margins, indicating strong market demand and significantly enhancing profitability for related firms.
- Lake Victoria Gold Project Progress: Lake Victoria Gold's Imwelo Gold Project in Tanzania is fully permitted and has confirmed a 97% metallurgical recovery rate, demonstrating the project's economic viability and production potential, which is expected to attract more investment.
- Positive Drilling Results: Twenty-one drill holes at Area C confirmed mineralization extending beyond the current pit design, with highlights of 11.88 g/t, showcasing the potential for resource expansion and further enhancing the project's appeal.
- Favorable Industry Context: Kinross Gold has rallied over 50% in six months, and Equinox Gold achieved a record production of 922,827 ounces in 2025, indicating that capital is flowing to all levels of the gold sector, increasing investor interest in junior gold companies.
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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: 227.880
Low
210.00
Averages
236.43
High
270.00
Current: 227.880
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.
FNV Options Contract Analysis and Investment Opportunities
- Put Option Appeal: The current bid for the $230.00 put option is $16.90, and if an investor sells-to-open this contract, they commit to buying the stock at $230.00, effectively lowering their cost basis to $213.10, which is a 1% discount to the current price of $231.84, making it attractive for those interested in FNV.
- Yield Potential Analysis: Should the put option expire worthless, the premium would yield a 7.35% return on cash commitment, equating to an annualized return of 32.31%, positioning this contract as an appealing investment choice, particularly in volatile market conditions.
- Call Option Returns: The $240.00 call option has a current bid of $14.70, and if an investor buys FNV shares at $231.84 and sells this call, they could achieve a total return of 9.86% if the stock is called away at expiration, although they may miss out on further upside potential.
- Risk Assessment: Current analytics suggest a 52% chance that the $240.00 call option will expire worthless, while the $230.00 put option has a 56% chance of the same, indicating that investors should carefully weigh potential risks against returns when selecting contracts.
See More
Gold Supercycle Enters Most Profitable Phase
- Gold Price Surge: Gold prices have surpassed $5,400, with major mining companies achieving 70% gross margins, indicating strong market demand and significantly enhancing profitability for related firms.
- Lake Victoria Gold Project Progress: Lake Victoria Gold's Imwelo Gold Project in Tanzania is fully permitted and has confirmed a 97% metallurgical recovery rate, demonstrating the project's economic viability and production potential, which is expected to attract more investment.
- Positive Drilling Results: Twenty-one drill holes at Area C confirmed mineralization extending beyond the current pit design, with highlights of 11.88 g/t, showcasing the potential for resource expansion and further enhancing the project's appeal.
- Favorable Industry Context: Kinross Gold has rallied over 50% in six months, and Equinox Gold achieved a record production of 922,827 ounces in 2025, indicating that capital is flowing to all levels of the gold sector, increasing investor interest in junior gold companies.
See More
Gold Supercycle Enters Most Profitable Phase
- Record Gold Recovery: Lake Victoria Gold has confirmed a 97% gold recovery rate at its Imwelo Gold Project using conventional processing, which eliminates significant risks in mine development and validates a path toward near-term production, likely enhancing the company's market competitiveness.
- Investor Confidence Boosted: Barrick Gold owns 5.5 million shares of LVG at C$0.27, while Tanzanian billionaire Rostam Aziz has committed C$11.52 million, indicating strong confidence in the project despite the stock trading below both entry prices.
- Surging Gold Prices Drive Industry Profits: Gold prices have surpassed C$5,400 per ounce in 2026, with industry gross margins nearing 70%, and major producers generating record free cash flow each quarter, driving capital inflow across the gold sector.
- Significant Resource Expansion Potential: The drilling program at the Imwelo Project has confirmed mineralization extending beyond the current pit design, with highlights showing grades up to 11.88 g/t, indicating substantial resource potential that is likely to attract more investor interest.
See More
Franco-Nevada Announces Investor Day Details
- Investor Day Announcement: Franco-Nevada will host its Investor Day on April 8, 2026, from 2:00 PM to 4:00 PM, offering both in-person and virtual participation to enhance engagement with investors and showcase company strategy.
- Registration Details: Interested investors and analysts can register via a provided link, with the in-person event taking place at Lumi Experience in Toronto, facilitating direct interaction and deeper insights into the company.
- Corporate Overview: Franco-Nevada is a leading gold-focused royalty and streaming company with the largest cash-flow producing asset portfolio, providing investors with gold price and exploration optionality while mitigating cost inflation risks, demonstrating its robust financial health.
- Financial Stability: The company is debt-free and utilizes its free cash flow to expand its asset portfolio and pay dividends, highlighting its strong competitive position and sustainable growth potential in the gold investment sector.
See More
Franco-Nevada Could Be the Top Choice for Capitalizing on a Commodity Supercycle
Franco-Nevada's Stock Performance: Franco-Nevada Corporation's stock has remained relatively flat since its fourth-quarter earnings report, despite a strong quarter, as it navigates the complexities of the commodities market amidst geopolitical tensions.
Investment Opportunities: The company offers investors a unique way to invest in the commodities supercycle, particularly in precious metals, without the operational risks associated with traditional mining companies.
Diversification and Future Outlook: Franco-Nevada is diversifying its portfolio beyond gold to include oil, gas, and base metals, positioning itself to benefit from rising commodity prices and increasing demand in sectors like electrification and defense.
Analyst Sentiment: Analysts maintain a bullish outlook on Franco-Nevada, suggesting it remains a compelling investment choice, especially for those looking to capitalize on the anticipated growth in commodity prices and the company's robust cash flow generation.
See More
Franco-Nevada (FNV) Q4 2025 Earnings Transcript
See More
FNV Options Contract Analysis and Investment Opportunities
- Put Option Appeal: The current bid for the $230.00 put option is $16.90, and if an investor sells-to-open this contract, they commit to buying the stock at $230.00, effectively lowering their cost basis to $213.10, which is a 1% discount to the current price of $231.84, making it attractive for those interested in FNV.
- Yield Potential Analysis: Should the put option expire worthless, the premium would yield a 7.35% return on cash commitment, equating to an annualized return of 32.31%, positioning this contract as an appealing investment choice, particularly in volatile market conditions.
- Call Option Returns: The $240.00 call option has a current bid of $14.70, and if an investor buys FNV shares at $231.84 and sells this call, they could achieve a total return of 9.86% if the stock is called away at expiration, although they may miss out on further upside potential.
- Risk Assessment: Current analytics suggest a 52% chance that the $240.00 call option will expire worthless, while the $230.00 put option has a 56% chance of the same, indicating that investors should carefully weigh potential risks against returns when selecting contracts.
See More
Gold Supercycle Enters Most Profitable Phase
- Gold Price Surge: Gold prices have surpassed $5,400, with major mining companies achieving 70% gross margins, indicating strong market demand and significantly enhancing profitability for related firms.
- Lake Victoria Gold Project Progress: Lake Victoria Gold's Imwelo Gold Project in Tanzania is fully permitted and has confirmed a 97% metallurgical recovery rate, demonstrating the project's economic viability and production potential, which is expected to attract more investment.
- Positive Drilling Results: Twenty-one drill holes at Area C confirmed mineralization extending beyond the current pit design, with highlights of 11.88 g/t, showcasing the potential for resource expansion and further enhancing the project's appeal.
- Favorable Industry Context: Kinross Gold has rallied over 50% in six months, and Equinox Gold achieved a record production of 922,827 ounces in 2025, indicating that capital is flowing to all levels of the gold sector, increasing investor interest in junior gold companies.
See More
Gold Supercycle Enters Most Profitable Phase
- Record Gold Recovery: Lake Victoria Gold has confirmed a 97% gold recovery rate at its Imwelo Gold Project using conventional processing, which eliminates significant risks in mine development and validates a path toward near-term production, likely enhancing the company's market competitiveness.
- Investor Confidence Boosted: Barrick Gold owns 5.5 million shares of LVG at C$0.27, while Tanzanian billionaire Rostam Aziz has committed C$11.52 million, indicating strong confidence in the project despite the stock trading below both entry prices.
- Surging Gold Prices Drive Industry Profits: Gold prices have surpassed C$5,400 per ounce in 2026, with industry gross margins nearing 70%, and major producers generating record free cash flow each quarter, driving capital inflow across the gold sector.
- Significant Resource Expansion Potential: The drilling program at the Imwelo Project has confirmed mineralization extending beyond the current pit design, with highlights showing grades up to 11.88 g/t, indicating substantial resource potential that is likely to attract more investor interest.
See More
Franco-Nevada Announces Investor Day Details
- Investor Day Announcement: Franco-Nevada will host its Investor Day on April 8, 2026, from 2:00 PM to 4:00 PM, offering both in-person and virtual participation to enhance engagement with investors and showcase company strategy.
- Registration Details: Interested investors and analysts can register via a provided link, with the in-person event taking place at Lumi Experience in Toronto, facilitating direct interaction and deeper insights into the company.
- Corporate Overview: Franco-Nevada is a leading gold-focused royalty and streaming company with the largest cash-flow producing asset portfolio, providing investors with gold price and exploration optionality while mitigating cost inflation risks, demonstrating its robust financial health.
- Financial Stability: The company is debt-free and utilizes its free cash flow to expand its asset portfolio and pay dividends, highlighting its strong competitive position and sustainable growth potential in the gold investment sector.
See More
Franco-Nevada Could Be the Top Choice for Capitalizing on a Commodity Supercycle
Franco-Nevada's Stock Performance: Franco-Nevada Corporation's stock has remained relatively flat since its fourth-quarter earnings report, despite a strong quarter, as it navigates the complexities of the commodities market amidst geopolitical tensions.
Investment Opportunities: The company offers investors a unique way to invest in the commodities supercycle, particularly in precious metals, without the operational risks associated with traditional mining companies.
Diversification and Future Outlook: Franco-Nevada is diversifying its portfolio beyond gold to include oil, gas, and base metals, positioning itself to benefit from rising commodity prices and increasing demand in sectors like electrification and defense.
Analyst Sentiment: Analysts maintain a bullish outlook on Franco-Nevada, suggesting it remains a compelling investment choice, especially for those looking to capitalize on the anticipated growth in commodity prices and the company's robust cash flow generation.
See More
Franco-Nevada (FNV) Q4 2025 Earnings Transcript
See More
