The company owns a diverse portfolio of precious metals and royalty streams, primarily in the United States, Canada, and Australia. It generates revenue from gold, silver, and platinum, but does not operate mines or conduct exploration. Franco-Nevada's short-term financial performance is tied to commodity prices and production levels. Its long-term performance depends on the availability of exploration and development capital. With the largest and most diversified portfolio of cash-flow producing assets, the company recorded annual revenues of $1.25B and a net profit of $0.67B in 2022.