FNV
Franco-Nevada Corporation
A Toronto-based company that pioneered the gold royalty business: rather than digging for gold itself, Franco-Nevada buys the right to a share of revenue from other miners' production, funding mine construction in exchange. Founded in 1983 by two money managers, Pierre Lassonde and Seymour Schulich, its name blends Lassonde's French-Canadian roots ("Franco") with the Nevada mine that made its name. The company's first big royalty was a tiny stake in a small Nevada heap-leach mine that turned out to be the massive Goldstrike deposit.
CUSIP: 351858105Metals & MiningCA4 holders
Total Value
$612.27M
Total Shares
4.88M
Net Share Change
+102.7K
Activity
2 buying1 selling
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