Franco-Nevada Corp (NYSE:FNV) stock rose 0.089% (As on March 16, 11:03:20 AM UTC-4, Source: Google Finance) after the company beaten the earnings estimates for the fourth quarter of FY 22.FNV in the fourth quarter of FY 22 has reported the adjusted earnings per share of 86 cents, beating the analysts’ estimates for the adjusted earnings per share of 85 cents, according to Zacks Investment Research. The company had reported 2 percent decline in the adjusted revenue to $320.4 million in the fourth quarter of FY 22.

Moreover, GEOs sold from the Precious Metal assets were 129,642, compared to 138,799 GEOs in Q4 2021. Higher contributions from Hemlo, Tasiast and Subika (Ahafo) were more than offset by lower deliveries from Antapaccay, Cobre Panama and Guadalupe-Palmarejo. Diversified assets, primarily comprising the Iron Ore and Energy interests, generated $94.0 million in revenue, up from $78.6 million in Q4 2021, reflecting higher realized oil and gas prices relating to the Energy assets.

The company expects the portfolio to produce between 760,000 and 820,000 GEOs in 2027, of which 565,000 to 605,000 GEOs are expected to be generated from Precious Metal assets. This outlook assumes the expansion of the mill throughput capacity to 100 million tonnes per year at Cobre Panama, increased attributable production from Vale’s Northern and Southeastern systems, production growth from the continued development of the U.S. Energy assets, and assumes the commencement of production at Stibnite, Copper World and Eskay Creek. In the 5-year outlook, the company also anticipates that the attributable portion of gold and silver production from Candelaria will step down from 68% to 40%, and that the stream at MWS will have reached its cap in 2024. For both the 2023 guidance and 5-year outlook, when reflecting revenue earned from gold, silver, platinum, palladium, iron ore, oil and gas commodities to GEOs, the company assumed the following prices: $1,800/oz Au, $21/oz Ag, $900/oz Pt, $1,500/oz Pd, $120/tonne Fe 62% CFR China, $80/bbl WTI oil and $3.00/mcf Henry Hub natural gas.

Meanwhile, subsequent to year-end, on February 22, 2023, the company acquired a portfolio of five primarily gold royalties from Trident Royalties Plc, which includes a 1.5% NSR on Ramelius Resources’ Rebecca gold project located in Western Australia, for total consideration of $15.6 million. On December 30, 2022, the company acquired an additional 0.5% NSR on Skeena’s Eskay Creek gold-silver project for total consideration of $21.0 million (C$28.5 million).