Franco-Nevada: 1.43 Billion USD Record Cash Flow in Nine Months - Is the Cobre Panamá Copper Mine Returning?
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The operating cash flow increases by 34% to a record high of 1.43 billion USD in nine months. In the 3rd quarter, it rises by 23%. There is new hope for a limited resumption of operations at the closed Cobre Panamá copper mine. New gold projects and 4.8 billion USD in available capital create growth opportunities as the gold price falls below 4,000 USD. Franco-Nevada (FNV) published quarterly numbers on November 11 after the US market closed. The Canadian company finances mines and receives revenue shares or metals purchased at low prices...
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