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Franco-Nevada hits new production, revenue records; boldly beats expectations

Precious metals streaming firm Franco-Nevada Corp has doubled net income for the quarter ended June 30, hitting new gold-equivalent ounce (GEO) output and revenue records.
The Toronto-based firm reported a 75% year-on-year surge in adjusted earnings to $40-million, or $0.22 a share, beating Wall street analyst forecasts of earning $0.19 a share.