Mining Weekly reported that Franco-Nevada (TSX:FNV) said first quarter profits doubled due to higher gold prices.
As quoted in the market news:
Net income rose to $46.8-million, or 33c a share, from $21.2-million, or 18c, a year earlier. Excluding a foreign exchange-related gain, earnings rose to $43.6-million, or 31c a share. That compared with a year-ago profit of $22.1-million, or 19c.