Franco-Nevada Corp at Denver Gold Forum Americas Transcript

Sep 19, 2023 / 08:20PM GMT
Paul Brink - Franco-Nevada Corporation - President and CEO

Afternoon and thank you all for attending. Please heed the cautionary statement. The saying in politics is never let a good crisis go unwasted, and the world's politicians didn't waste the COVID crisis. We saw a period of spending, taxing, and printing money that was unprecedented, and in the aftermath of that, a highly inflationary environment. And in that context, gold as an investment has never been more relevant, but what it also brought is a lot higher risk to the mining industry.

At Franco-Nevada, our objective is to create a low-risk gold investment. That has worked particularly well over the last 16 years since we came public. The CAGR on our share price is in the order of 17%, up following all the relevant benchmarks. With that, the high-flying tech stocks which is roughly 12%, the S&P 500 about 9%, the gold price itself which is 5% to 6%. We're very proud of that achievement.

Here's a snapshot of the growth of the business over that period. You can see whether it's the GEOs, revenue, EBITDA, we've grown that five to

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