{
  "schemaVersion": 1,
  "organisationId": "O-ce68d66a2dfe4a4392a664a610047dbe",
  "slug": "franco-nevada",
  "name": "FRANCO NEVADA Corp",
  "updatedAt": "2026-09-28T11:52:14.527281Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Franco-Nevada Corporation is a gold-focused royalty and streaming company. It provides capital to mining operators in exchange for royalties or rights to purchase a share of future production, rather than developing or operating mines itself. Its portfolio spans precious metals, other mining assets and energy interests across the Americas and other regions. [P138972309][P138972313][https://www.franco-nevada.com/our-assets/portfolio-overview/default.aspx]\n\nThe company describes its aspiration as becoming the “go to” gold stock for generalist investors. It reported US$1.82 billion in revenue for 2025 and 44 full-time employees as of March 19, 2026—a relatively small workforce for the scale of its asset portfolio, reflecting its non-operating business model. [https://www.franco-nevada.com/about-us/our-company/default.aspx][https://www.sec.gov/Archives/edgar/data/1456346/000110465926032144/fnv-20251231xex99d1.pdf][P138972326]\n[P138972309][P138972313][P138972326][T15884469][https://www.franco-nevada.com/our-assets/portfolio-overview/default.aspx][https://www.franco-nevada.com/about-us/our-company/default.aspx][https://www.sec.gov/Archives/edgar/data/1456346/000110465926032144/fnv-20251231xex99d1.pdf]",
      "updatedAt": "2026-09-28T11:52:14.527281Z"
    },
    {
      "type": "PRODUCTS",
      "text": "Franco-Nevada’s principal products are precious-metal streams and royalties. A stream gives it the right to purchase a specified share of a mine’s production, typically in return for an upfront deposit and payments when metal is delivered; a royalty provides a payment tied to production or its value. Its interests cover gold, silver and platinum-group metals, including gold and silver streams at Candelaria, a silver stream at Antamina, and platinum-group-metal interests at Sudbury and Stillwater. [P138972539][P138972540][P138972542][T15884474]\n\nThe company also holds interests in iron ore and other minerals, as well as oil and gas royalties in producing regions including the Permian Basin and Marcellus. Precious-metal assets accounted for approximately 85% of its 2025 revenue, while diversified assets—including energy and other mining interests—accounted for approximately 14%; the balance was interest revenue. These are asset-category shares, not separate revenue shares for gold, silver and platinum-group metals. [T15884474]\n[P138972539][P138972540][P138972542][T15884474]",
      "updatedAt": "2026-09-28T11:52:14.527281Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "Franco-Nevada’s revenue is geographically concentrated in the Americas. In 2025, South America accounted for $750.5 million, or 41.2% of total revenue; Canada for $354.0 million (19.4%); the United States for $266.1 million (14.6%); and Central America and Mexico for $216.6 million (11.9%). The remaining $235.6 million (12.9%) was classified as Rest of World. Revenue is attributed according to the location of the mining operation, or the borrower for interest revenue. [T15884479][P138974408]\n\nAmong individually disclosed countries, Peru generated $384.4 million of 2025 revenue, followed by Canada ($354.0 million), the United States ($266.1 million), Chile ($251.6 million), Brazil ($147.5 million) and Panama ($38.3 million). The company’s head and registered office is in Toronto, Canada; it also has offices in Barbados, Denver, Colorado, and Perth, Australia, which it uses to manage its asset portfolio and pursue investments. [T15884541][P138972304]\n[T15884479][T15884479][T15884479][T15884479][T15884479][T15884479][P138974408][T15884541][P138972304]",
      "updatedAt": "2026-09-28T11:52:14.527281Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Franco-Nevada reports three commodity-based segments: **Precious metals**, covering gold, silver and platinum-group metals; **Other mining**, covering iron ore and other mining assets; and **Energy**, covering oil, gas and natural gas liquids. This three-segment presentation replaced its earlier Mining and Energy presentation in the fourth quarter of 2024. [T15884515][P138976731]\n\nIn 2025, precious metals generated approximately **86%** of total revenue ($1,562.9 million), energy **11%** ($203.8 million), and other mining **3%** ($56.1 million). These shares use reported segment total revenue, which includes interest revenue where applicable. [T15884538]\n[T15884515][T15884515][T15884515][T15884515][T15884515][T15884515][T15884515][T15884515][P138976731][T15884538][T15884538][T15884538][T15884538]",
      "updatedAt": "2026-09-28T11:52:14.527281Z"
    },
    {
      "type": "HISTORY",
      "text": "Franco-Nevada’s predecessor was incorporated in 1982 and began trading publicly in 1983. Founded by Seymour Schulich and Pierre Lassonde, it bought its first royalty in 1986, on the Goldstrike mine in Nevada. Newmont acquired the original Franco-Nevada in 2002. [P138970120][https://www.franco-nevada.com/about-us/our-history/default.aspx]\n\nFranco-Nevada returned to the public market in 2007 and acquired a portfolio of royalty assets from Newmont that December. It expanded through the acquisition of Gold Wheaton in 2011 and agreed to a major precious-metals stream on the Cobre Panama project in 2012; the Cobre Panama agreement was replaced on revised terms in 2015. In 2020, Paul Brink succeeded David Harquail as chief executive, while Harquail became chair. [P138970120][P138970705][P138970153][https://www.first-quantum.com/news/first-quantum-minerals-and-franco-nevada-corporation-announce-finalization-of-terms-of-precious-metals-stream-agreement/][https://www.prnewswire.com/news-releases/franco-nevada-reports-strong-q1-results-301054352.html]\n[P138970120][P138970705][P138970153][https://www.franco-nevada.com/about-us/our-history/default.aspx][https://www.first-quantum.com/news/first-quantum-minerals-and-franco-nevada-corporation-announce-finalization-of-terms-of-precious-metals-stream-agreement/][https://www.prnewswire.com/news-releases/franco-nevada-reports-strong-q1-results-301054352.html]",
      "updatedAt": "2026-09-28T11:52:14.527281Z"
    }
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