TSX:FNV 102.22 +0.81 +0.8%
Volume 367,024
May 17, 2019
NYSE:FNV 75.92 +0.61 +0.81%
Volume 447,074
May 17, 2019
Gold 1,278.30 -9.10 -0.71%
Volume
May 17, 2019
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Franco-Nevada

Energy Assets

Franco-Nevada and its predecessor companies have been active investors in energy for over 25 years. We manage our business with an objective that gold and gold equivalents represent a majority of our business over the long term while energy allows us to diversify our portfolio. Our longer-term target is to manage energy revenues to be no more than 20% of our business. Energy revenue was 13% of Franco-Nevada’s overall revenue in 2018 providing some scope to further increase Franco-Nevada’s energy interests. Similar to the gold industry, the energy sector has many active participants from senior to junior companies which provides a broad range of royalty opportunities. Our experience is that when gold and gold equivalent investments are expensive, the energy sector can provide an attractive alternative for new royalty investments.

Franco-Nevada manages its energy division with four dedicated employees. Until 2016, Franco-Nevada’s focus was primarily on the Western Canadian sedimentary basin. In late 2016, Franco-Nevada began to increase the scope of its energy royalty investment activities to include the SCOOP/STACK and Midland/Delaware basins in the U.S. due to their attractive economics, regulatory environment and access to market.

Major Producing Assets
as at March 29, 2019


United States SCOOP/STACK (Continental)
SCOOP/STACK (Other)
Permian Basin
Continental Resources
Various
Various
Canada Weyburn Unit
Orion
Whitecap Resources
Osum Oil Sands