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Bar chart showing Franco-Nevada's quarterly earnings surprise turning negative 7.7 percent in the second quarter of 2026.

Franco-Nevada's second-quarter earnings landed 7.7% below the consensus estimate analysts had published in advance, even though the company reported record first-half results and 23% growth in gold ounces sold. Part of the gap reflects a retrospective accounting change rather than weaker operations, but investors tend to react to the size of a miss more than its cause. The pattern echoes Barrick two trading sessions earlier, where a narrow earnings shortfall overshadowed otherwise solid operating results.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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