AUS
NZ
UK
CA
USA
IND
Highlights
- Franco-Nevada Corporation (TSX:FNV) generates revenue from platinum, gold, and silver.
- Despite the COVID-19 pandemic, Agnico's (TSX:AEM) payable gold production was 501,337 ounces in the fourth quarter of the previous year.
- The Toronto Stock Exchange in Canada has a variety of mining stocks to offer.
The year 2022 gave a weak start to the equities market compared to the previous year. This was due to macroeconomic factors like the breakout of a new variant of coronavirus in January and the war between Ukraine and Russia in February.
Since the beginning of 2022, commodities prices have grown due to supply disruptions and increased demand.
The Toronto Stock Exchange in Canada has a variety of mining stocks to offer, and they could help you beat rising inflation. On that note, let's explore the FNV and AEM stocks:
Franco-Nevada Corporation (TSX:FNV)
The Toronto-based metals and mining company focuses on exploring precious metals, and it owns a diversified portfolio of royalty streams and precious metals.
Franco-Nevada Corporation generates revenue from platinum, gold, and silver. On January 27, 2022, the company had announced an increased quarterly dividend of US$ 0.32 per share, and it would be payable on March 31. This represented an increase of 6.7 per cent from the previous quarterly dividend.
On March 9, the company announced record annual results and said its revenue was US$ 1.3 billion, representing a year-over-year (YoY) increase of 27 per cent.
Also Read: EMO, ODV, and DSV: 3 TSXV precious metals stocks to buy?
Meanwhile, the net income rose 125 per cent YoY to US$ 733.7 million. Franco-Nevada's adjusted EBITDA in 2021 was US$ 1.1 billion, up 30 per cent YoY.
In 2022, Franco-Nevada expects its attributable GEOs to be in a range of 680,000 to 740,000 GEOs and the precious metals are expected to be in the range of 510,000 to 550,000 GEOs.
©2022 Kalkine Media®
Agnico Eagle Mines Limited (TSX:AEM)
The Canadian mining company has gold mining operations in Canada, Finland, and Mexico. Agnico Eagle had record annual gold production in 2021, and it was 2,030,176 ounces.
Despite the COVID-19 pandemic, Agnico's payable gold production was 501,337 ounces in the fourth quarter of the previous year, and monthly records for gold production were set at the Canadian Malartic and Kittila in December 2021.
The payable gold production is expected to be 3.2 to 3.4 million ounces in 2022, and the total cash costs per ounce are expected to be ranged between US$ 725 to US$ 775.
In Q4 2021, the mining company's net income was US$ 101.1 million, and for the full year, it was US$ 543 million, up from US$ 511.6 million in 2020.
In February, Agnico Eagle completed the merger of Kirkland Lake Gold Ltd., and it continues trading on the Toronto Stock Exchange and New York Stock Exchange.
Also Read: American Lithium (LI) and Frontier (FL): 2 TSXV lithium stocks to buy
Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
