Dipan Nayak's questions to Franco-Nevada Corp (FNV) leadership • Q1 2024
Question
Dipan Nayak asked about the company's plans for share buybacks in 2024 and whether they have the option to store physical gold to capitalize on potential price increases.
Answer
President & CEO Paul Brink stated that adding assets to the portfolio is the top priority over share buybacks. He also explained that while they hold some physical gold from in-kind royalties (20,000-25,000 oz), they must sell metal from streams to book revenue and have no plans to increase their physical holdings.