Corporate News Report – FRANCO‑NEVADA CORP

Second‑Quarter 2026 Financial Highlights

FRANCO‑NEVADA CORP released its second‑quarter 2026 financial results on July 28, 2026, reporting a return to profitability for the period. Net income attributable to shareholders improved markedly, driven by stronger operating performance and a reduction in adjusted losses compared with the first quarter. The company attributed these gains to higher realised copper prices and increased production volumes at key sites, notably the Kansanshi S3 expansion and the Sentinel operations.

Production Upswing at Key Operations

  • Kansanshi S3 Expansion – The expansion has achieved higher throughput than initially projected, contributing significantly to the overall copper output.
  • Sentinel Operations – Increased output from Sentinel reinforced the company’s copper supply chain, enhancing revenue stability.
  • Cobre Panamá – Production activity accelerated following the commissioning of its first milling circuit. This allowed the mine to process stockpiled ore and produce its first copper concentrate earlier than expected, improving the mine’s cash‑flow profile.

Environmental Compliance and Regulatory Engagement

FRANCO‑NEVADA highlighted progress in environmental compliance at Cobre Panamá. An independent audit awarded the site a high compliance score. The company is actively engaging with Panamanian authorities to address remaining partial compliance items, underscoring its commitment to regulatory adherence and sustainable operations.

Energy Strategy and Cost Management

The company maintained a diversified power and fuel sourcing strategy, which has proven effective in mitigating the impact of regional supply disruptions:

  • Zambia – Power supply conditions continued to improve as the national grid recovered from previous disruptions.
  • Fuel Costs – Diesel and other fuel expenses remain a focal point for cost management, with ongoing efforts to optimize logistics and consumption.

Asset Disposition and Financial Guidance

FRANCO‑NEVADA completed the sale of the Çayeli mine and the Cobre Las Cruces project, generating a significant gain on disposal. Despite this, the company’s financial guidance for the full fiscal year remains unchanged. Management continues to project copper, gold, and nickel production within the previously stated ranges.

Commitment to Industry Standards and Safety

The company reiterated its commitment to aligning tailings facilities with the Global Industry Standard on Tailings Management. In addition, FRANCO‑NEVADA emphasized the importance of maintaining a strong safety culture across all operations, reflecting its dedication to responsible mining practices and stakeholder trust.