Franco-Nevada Corp. (FNV,FNV.TO) reported that its fourth-quarter net loss was $105.4 million or $0.80 per basic share, compared to profit of $17.2 million or $0.15 per basic share in the year ago quarter.
During the fourth quarter, the Company recorded impairment charges of $152.4 million on its Ezulwini and Podolsky streams. Adjusted net income for the latest quarter was $40.8 million or $0.31 per share.
Revenue was $118.5 million for the fourth quarter of 2011 compared with $74.9 million for the fourth quarter of 2010. The increase in revenue for the quarter was mostly attributable to assets acquired in the Gold Wheaton transaction which contributed $32.7 million to the Company's fourth quarter revenue.
The company expects 2012 revenue to be in the range of $430 million to $460 million (before payments under stream agreements), assuming $1,700 gold, $1,700 platinum, $750 palladium and $95 oil and continued steady state of operations.
The company said that it is looking forward to revenue contributions from several additional royalties in early 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.