Franco-Nevada Corporation is a gold-focused royalty and streaming company. The company operates in two segments: Mining and Energy. The company manages its portfolio by focusing on precious metals like gold, silver, and platinum. It also engages in the sale of crude oil, natural gas, and natural gas liquids. The company was founded in 1986 and … Read more
Gold hit a new five-year low on Monday morning, falling more than 2% to less than $1,100 an ounce. The talking heads on TV cited a weekend report from the People’s Bank of China – China’s version of the Federal Reserve – as a reason for the plunge. From an article in the Wall Street … Read more
The past two years have been a difficult period for any investor with exposure to gold — both the metal itself and the operating mining companies. In particular, 2013 has been particularly brutal with many of the junior mining companies simply imploding. To be clear, our long-term constructive view on gold remains resolute. Our conviction … Read more
With the recent price dislocation in gold, we initiated a portfolio position in Franco-Nevada. Simultaneously, we sold 1/2 our portfolio position in Newmont Mining. Investment Report: Franco-Nevada Corporation Franco-Nevada Corporation is a gold-focused royalty and stream company with additional interests in platinum metals and other resource assets including oil and natural gas. It is one … Read more