⛏ Franco-Nevada Breaks Records in Q3

The Fed Doubles Down on Easy Money
To the relief of many market-movers, last week the FOMC voted to cut rates for the second time this year and announced that the Fed will begin maintaining its balance sheet starting in December. With this return to easy-money, Powell and the Fed are again attempting to paper over economic fault-lines created by their own past policies. Read on »

Central Bank Gold Buying Hit Highest Level of the Year in September
Central bank gold buying hit the highest level of the year in September, with several new banks adding to their reserves. Globally, central banks officially added a net 39 tonnes of gold to their holdings in September. That was up 79% month-over-month and was above the 12-month average of 27 tonnes. Read on »

Franco-Nevada breaks records in Q3
Canadian gold-focused royalty and streaming company Franco-Nevada (FNV) reported record-high Q3 profit and revenue on Tuesday, thanks in large part to soaring bullion prices. Adjusted net income climbed to $275 million, versus $153.9 million in the same period last year. That works out to $1.43 per share, an increase from $0.80 per share. At the same time, the company says revenue topped $487.7 million, up from $275.7 million in Q3 2024. Read on »