Franco-Nevada Moves Focus From Gold To This

Although well-known mining executive David Harquail remains optimistic on the gold sector, he says it may be time for Franco-Nevada to be looking at other commodities. Chief executive of the royalty company noted that it may be harder for royalty companies to find bargains in the precious metals space right now. “I think the reality right now in the gold space, in terms of us getting good deals, we can’t really compete with the brokers,” he told Kitco News at the Mines & Money conference in Toronto. “So, it might be time to look at other commodities and find better bargains in other commodities.” However, Harquail remains optimistic on Franco-Nevada’s potential, noting that he is “very relaxed” in this environment and the company continues to benefit from the $1.2 billion deployed for acquisitions this year. “If we do nothing, we’ve got growth for the next 5 years and pretty steady production.”  (show less)

Although well-known mining executive David Harquail remains optimistic on the gold sector, he says it may be time for Franco-Nevada to be looking at other commodities. Chief executive of the royalty company noted that it may be harder for royalty companies to find bargains in the precious metals space right now. “I think the reality right now in the gold space, in terms of us getting good deals, we can’t really compete with the brokers,” he told Kitco News at the ... (read more)

Kitco News Survey

 
 

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.