“A contributor to this performance in 2018 has been the underperformance of the royalty companies, which the fund has some exposure to."
Franco-Nevada Mining News
Mining royalties can be a fabulous business model, as demonstrated by royalty and streaming giant Franco-Nevada. The company has become a $15-billion powerhouse with claims on assets ranging from gold and base metals mines to oil and gas operations.
Teck jumps 14%.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
The biggest gold royalty company in the world posts a $15 million net profit increase in Q3.