Franco-Nevada to raise $340m war chest

Gold royalties company Franco-Nevada aims to raise C$340-million in an equity offering, it said on Tuesday. The TSX- and NYSE-listed firm said it would use the cash for acquisitions, working capital and general corporate purposes.

Further revenue growth ahead for Franco-Nevada

Toronto-based royalty firm Franco-Nevada is eyeing $500-million in revenues from existing assets by 2013, up to 20% more than the forecast for 2011, CFO Sandip Rana said on Wednesday. This was based on a $1 500/oz gold price, and the yellow metal...

Franco-Nevada revenue doubles on prices, Gold Wheaton buyout

Toronto-based Franco-Nevada, which owns gold royalties and streams, on Tuesday posted a 50% rise in second-quarter net earnings to $33.3-million, and said it would float its shares on the NYSE on September 8. Revenue for the quarter doubled to...

Franco-Nevada expects more royalties by next quarter

Canadian resources royalties firm Franco-Nevada sees opportunities for more royalty deals and will probably have news on a couple of transactions in three months' time, CEO David Harquail said on Friday. Most of the opportunities would be...

Quadra FNX earnings up on Gold Wheaton sale

Vancouver-based Quadra FNX Mining more than tripled first-quarter profit, the company reported on Friday morning, but adjusted earnings, which exclude unusual items, declined year-on-year. Earnings rose to $168-million from $55-million a year...

Franco-Nevada hikes dividend

Royalties firm Franco-Nevada increased fourth-quarter adjusted net income by 9% compared with a year earlier, and said on Thursday it will increase monthly dividend payments by 60%. The company will pay $0,04 a share, starting with its July 2011...

Franco-Nevada agrees to buy Gold Wheaton for C$830m

Resources royalty firm Franco-Nevada will buy smaller rival Gold Wheaton for about C$830-million in shares and cash, the companies announced on Monday. Franco-Nevada is offering 0,0934 of one of its own shares plus C$2,08 in cash for each Gold...

First Uranium reports quarterly gold, uranium output

JSE- and TSX-listed First Uranium reported a September quarter production of 14 820 oz of gold, 12 753 pounds of uranium yellow cake, and 31 408 pounds of uranium at its Ezulweni mine, and 18 598 oz of gold at its Mine Waste Solutions tailings...

Quadra FNX boosts Gold Wheaton stake

Canadian copper-miner Quadra FNX Mining now owns 34,53% of Gold Wheaton, after a deferred C$50-million payment was converted into shares in the gold-streaming company. FNX Mining has acquired another 20,46-million shares in Gold Wheaton, or...

First Uranium appoints interim chair as Brunette steps down

Not long after appointing Simmer & Jack Mines (Simmers) CEO Deon van der Mescht as interim CEO, TSX- and JSE-listed First Uranium has now also appointed an interim chairperson, after former chairperson Nigel Brunette stepped down. The uranium...

With Miller out, is Simmers eyeing First Uranium?

Just under three years ago, First Uranium CEO Gordon Miller (who was at the time also chief executive of South Africa's Simmer & Jack Mines) moved to Toronto on a C$1-million loan from the uranium hopeful. The advance was to help with the cost of...

First Uranium plans to raise C$150m, appoints new CEO

TSX- and JSE-listed First Uranium on Friday announced that it had entered into a heads of agreement to raise up to C$150-million in a private placement and that Deon van der Mescht would become the interim CEO. Van der Mescht is currently the CEO...