Franco-Nevada Corporation
Franco-Nevada is the largest gold-focused royalty and streaming company. It provides upfront capital to mining companies in exchange for royalty or streaming interests in future production, generating high-margin cash flow without direct operating, capex, or exploration risk. Its portfolio spans over 430 assets across 27 countries (121 cash-flow producing as of 2025), balanced across gold (~70%), silver, PGMs, and ~10% energy/base metals. Early 2026 deployed over $500M in fresh capital, including a $100M gold stream on Casa Berardi (Orezone Gold), a $250M NSR package on i-80 Gold's Nevada assets, a C$55M acquisition of six Victoria Gold royalties, and an A$170M royalty on Minerals 260's Bullabulling project.
Jurisdiction (40%, counts 100% here)9/10
Franco-Nevada is a Canadian-domiciled royalty/streaming company, not an operator -- it holds no mines and bears no direct jurisdiction/operating risk of its own. This score reflects Canada as the corporate domicile only; the underlying risk actually sits with its 430+ royalty/streaming counterparty assets across 27 countries, which a single-country field cannot represent.
Infrastructure (40%)Not scored
A royalty/streaming company holds interests in other operators' mines rather than building its own, so a flagship infrastructure checklist isn't scored for it.
Nearby producing mine (20%)Not scored
Not scored for a royalty/streaming company, which doesn't build or run a mine of its own.
Your Rankings
Franco-Nevada Corporation does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.
| Asset | Commodity | Interest | Rate / price |
|---|---|---|---|
Candelaria Lundin Mining · Chile | Gold | Stream | — |
Guadalupe-Palmarejo Coeur Mining, Inc. · Mexico | Gold | Stream | 50%$800.00USD per oz gold delivered (lesser of $800/oz fixed price or spot London PM gold fix) |
Antapaccay Glencore plc (via Compañía Minera Antapaccay S.A.) · Peru | Gold | Stream | — |
Cobre Panama First Quantum Minerals · Panama | Copper | Stream | — |
Antamina Compañía Minera Antamina S.A. (BHP/Glencore/Teck/Mitsubishi joint venture) · Peru | Silver | Stream | 22.5% |
Tocantinzinho G Mining Ventures · Brazil | Gold | Stream | 12.5% |
Salares Norte Gold Fields Limited · Chile | Gold | Royalty | — |
Stillwater Sibanye-Stillwater · United States | Other | Stream | — |
Management Team
President & Chief Executive Officer of Franco-Nevada Corporation, appointed CEO in May 2025 after serving as President & COO from 2018 and SVP Business Development since Franco-Nevada's 2007 IPO. Before Franco-Nevada, held roles in corporate development at Newmont Capital Ltd., investment banking at BMO Nesbitt Burns Inc., and project financing at UBS.
Chief Financial Officer of Franco-Nevada Corporation since Apr 2010. Before Franco-Nevada, held treasurer/controller roles at the original Franco-Nevada Mining Corporation until its 2002 acquisition by Newmont, briefly served as Newmont's international controller, then held finance roles at Four Seasons Hotels Limited (2003-2010), rising to Vice President, Corporate Finance.
Independent Non-Executive Chair of Franco-Nevada Corporation since the 12 May 2026 AGM, succeeding David Harquail (who became Chair Emeritus); previously Franco-Nevada's Lead Independent Director. Former Chief Executive Officer of Rio Tinto plc and of Vedanta Resources plc.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Not scored. Smart-money tracking covers companies below about US$5B in market cap, where a single specialist fund or strategic investor taking a stake is a meaningful signal. This company was above that size when it was assessed.
No notable insiders tracked for this miner yet.