By Robert Barba
Franco-Nevada Corp. (FNV, FNV.T) reported first-quarter earnings that were flat from a year earlier, but beat analysts' expectations.
The precious metals miner said Wednesday that it earned $65.2 million, or 35 cents a share, in the latest quarter. compared with $64.6 million, or 35 cents a share, a year earlier.
Analysts polled by FactSet expected earnings of 28 cents a share.
Sales were $179.8 million, up from $173.1 million a year earlier. Analysts expected sales of $163.8 million.
The company reported 122,049 gold and gold-equivalent ounces in the quarter, up from 115,671 a year earlier.
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