* Q3 adj EPS $0.13 vs est $0.12
* Q3 rev up 27 pct
* Royalty rev up 35 pct
Nov 11 (Reuters) - Franco-Nevada Corp posted quarterly results that topped market estimates, helped by a 35 percent boost in royalty revenue from its gold and precious metal assets in North America and Mexico.
The Canadian gold-focused royalty company earned $18 million, or 16 cents per basic share, compared with earnings of $12.3 million, or 11 cents per basic share, a year ago.
Adjusted earnings came in at 13 cents a share, above analysts' forecast of 12 cents a share, according to Thomson Reuters I/B/E/S.
Total revenue rose 27 percent to $52.2 million. Analysts expected revenue of $47.2 million.
Free cash flow rose 37 percent to $44.6 million.
Franco-Nevada shares have shed 9 percent since early this month, when the Canadian government curbed approval for Taseko Mine's Prosperity project in British Columbia.
Franco-Nevada had signed a 22 percent gold stream agreement with Taseko in May for production from the project.
Shares of Franco-Nevada closed at C$32.47 on Thursday on the Toronto Stock Exchange.
(Reporting by Gowri Jayakumar in Bangalore; Editing by Maju Samuel)
((gowri.jayakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: gowri.jayakumar.thomsonreuters.com@reuters.net)
Keywords: FRANCONEVADA /
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q3 rev up 27 pct
* Royalty rev up 35 pct
Nov 11 (Reuters) - Franco-Nevada Corp posted quarterly results that topped market estimates, helped by a 35 percent boost in royalty revenue from its gold and precious metal assets in North America and Mexico.
The Canadian gold-focused royalty company earned $18 million, or 16 cents per basic share, compared with earnings of $12.3 million, or 11 cents per basic share, a year ago.
Adjusted earnings came in at 13 cents a share, above analysts' forecast of 12 cents a share, according to Thomson Reuters I/B/E/S.
Total revenue rose 27 percent to $52.2 million. Analysts expected revenue of $47.2 million.
Free cash flow rose 37 percent to $44.6 million.
Franco-Nevada shares have shed 9 percent since early this month, when the Canadian government curbed approval for Taseko Mine's Prosperity project in British Columbia.
Franco-Nevada had signed a 22 percent gold stream agreement with Taseko in May for production from the project.
Shares of Franco-Nevada closed at C$32.47 on Thursday on the Toronto Stock Exchange.
(Reporting by Gowri Jayakumar in Bangalore; Editing by Maju Samuel)
((gowri.jayakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: gowri.jayakumar.thomsonreuters.com@reuters.net)
Keywords: FRANCONEVADA /
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.