{"id":9164,"date":"2012-03-22T03:23:50","date_gmt":"2012-03-22T01:23:50","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-franco-nevadas-loss-rises-on-impairment-charges\/"},"modified":"2012-03-22T03:23:50","modified_gmt":"2012-03-22T01:23:50","slug":"update-1-franco-nevadas-loss-rises-on-impairment-charges","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-franco-nevadas-loss-rises-on-impairment-charges\/","title":{"rendered":"UPDATE 1-Franco-Nevada&#8217;s loss rises on impairment charges"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">March 21<\/span> (Reuters) &#8211; Canada&#8217;s royalty and metal streaming<br \/>\ncompany Franco-Nevada recorded a higher quarterly loss,<br \/>\nhurt by impairment charges at two mines.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>For the fourth quarter, the company&#8217;s loss rose to C$105.4<br \/>\nmillion, or 80 Canadian cents a share, from C$17.2 million, or<br \/>\n15 Canadian cents a share, a year ago.<\/p>\n<p><span><\/span><\/p>\n<p>Revenue rose about 37 percent to C$118.5 million.<\/p>\n<p><span><\/span><\/p>\n<p>Franco-Nevada said it recorded impairment charges of C$152.4<br \/>\nmillion on its Ezulwini mine in South Africa and Podolsky mine<br \/>\nin Sudbury, Canada.<\/p>\n<p><span><\/span><\/p>\n<p>Canadian miner Quadra FNX, which owns the Podolsky<br \/>\nmine had earlier announced the mine&#8217;s closure.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of Franco-Nevada closed at C$41.35 on Wednesday on<br \/>\nthe Toronto Stock Exchange.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 21 (Reuters) &#8211; Canada&#8217;s royalty and metal streaming company Franco-Nevada recorded a higher quarterly loss, hurt by impairment charges at two mines. For the fourth quarter, the company&#8217;s loss rose to C$105.4 million, or 80 Canadian cents a share, from C$17.2 million, or 15 Canadian cents a share, a year ago. Revenue rose about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9164","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9164"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9164\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}