(in U.S. dollars unless otherwise noted)
TORONTO, April 19, 2021 /PRNewswire/ - Franco-Nevada
Corporation is pleased to announce publication of its 2021
Environmental, Social and Governance ("ESG") Report and 2021 Asset
Handbook. "We are proud to report on Franco-Nevada's sector
leading ESG performance and our new programs and commitments that
we believe will continue this leadership," said Paul Brink, President and CEO. "We strive
to increase the quality of our Asset Handbook each year knowing it
is a helpful resource for analysts and investors on our diverse
asset base."
ESG Report
Our annual ESG Report outlines our accomplishments in 2020 and
our commitments to continue improving our ESG performance.
Highlights of the report include:
Rankings:
- Ranked #1 by Sustainalytics of 84 precious metals companies and
"AA" by MSCI
- High rankings by ISS ESG (Prime) and by The Globe and Mail
Board Games
Diversity and Inclusion:
- Achieving our goal of 30% women directors in 2021
- Adopted new goal of 40% diverse representation at the Board and
top leadership levels
- Signatory to the BlackNorth pledge and sponsor of The
Prosperity Project
- Initiated diversity scholarships
Responsible Mining:
- Enhanced ESG due diligence in reviewing potential
investments
- Committed to and encouraging operator adoption of WGC
Responsible Gold Mining Principles
- UN Global Compact participant
Community Initiatives:
- Increased commitments to community programs
- COVID-19 support for mining industry bodies and our own local
communities
Climate Change:
- Achieved carbon neutral operations in 2020
- Diverse portfolio and business model provide climate change
resilience
- Increased focus on climate impact and risk in ESG due
diligence
- Seeking to assist our operators to reduce their climate
impact
Transparency:
- First year of disclosure aligned with the TCFD and SASB
frameworks
- ESG Report now includes operators' publicly reported carbon
emissions data
Asset Handbook
Franco-Nevada is the leading
gold-focused royalty and streaming company with the largest and
most diversified portfolio of royalties and streams by commodity,
operator, geography, revenue type and stage of project. The 2021
Asset Handbook provides an overview of the portfolio including past
performance, descriptions of the more significant assets, outlooks
for individual assets supporting our guidance and details of the
underlying Reserves and Resources associated with the more
significant assets.
Performance:
- Since our 2007 IPO, absolute return of over 860% and a
compounded annual growth rate approaching 20%
- 2020 Revenue exceeded $1 billion
for the first time
- Company generated >$800
million in annual operating cash flow
- Quarterly dividend increased 15.4% to $0.30/share
- Fourteen consecutive years of dividend increases with
approximately $1.5 billion paid
Reserves and Resources:
- 9% increase to 11.0 million Royalty Ounces based on P&P
Reserves
- 10% increase to 16.2 million Royalty Ounces based on M&I
Resources
Portfolio:
- 401 assets of which 99 are revenue generating
- Cobre Panama became a cornerstone revenue source in 2020
- Diverse portfolio with no one asset or operator exceeding 13%
of revenues
- 91% of revenue in 2020 from gold and gold equivalents (70%
gold, 11% silver, 8% PGMs, 2% other mining)
Outlook:
- Near term growth driven by Cobre Panama expansion, other mine
expansions and new acquisitions
- Longer term growth is supplemented by robust organic portfolio
growth including in exploration successes, further mine expansions
and new mine developments
- Diverse portfolio supporting strong growth outlook reflected in
2021 and five year guidance
- Good pipeline for further investments
Franco-Nevada management will
discuss the key items in the above reports during the Virtual
Analyst Day webcast scheduled today between 10:00 am ET to 12:00 pm ET.
Virtual Analyst Day
Webcast:
|
April
19th at 10:00 am ET to 12:00 pm ET
|
|
|
Dial–in Numbers:
|
North American Toll
Free: 1–888–390–0546 Local
and International: 416–764–8688
|
|
|
Webcast
URL:
|
www.franco–nevada.com
|
|
|
Replay (available until April
26th):
|
North American Toll
Free: 1–888–390–0541 Local
and International: 416–764–8677 Pass code: 475883 #
|
Corporate Summary
Franco-Nevada Corporation is the leading gold-focused royalty
and streaming company with the largest and most diversified
portfolio of cash-flow producing assets. Its business model
provides investors with gold price and exploration optionality
while limiting exposure to cost inflation. Franco-Nevada uses
its free cash flow to expand its portfolio and pay dividends.
It trades under the symbol FNV on both the Toronto and New
York stock exchanges. Franco-Nevada is the gold
investment that works.
View original
content:http://www.prnewswire.com/news-releases/franco-nevada-launches-2021-esg-report-and-asset-handbook-301270866.html
SOURCE Franco-Nevada Corporation