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Franco surprises on the upside

Major royalties firm Franco-Nevada (CN:FNV) has trumped consensus expectations for its third quarter results and added a petroleum deal valued at US$100 million to its books in the process.

Franco surprises on the upside Franco surprises on the upside Franco surprises on the upside Franco surprises on the upside Franco surprises on the upside

Cobre Panama is being developed by First Quantum, partly with cash from a Franco-Nevada stream

Gold equivalent production set a quarterly record at 123,000 ounces as recently acquired streams began to contribute and the Antamina operation in Peru grew stronger.