Gabelli Radio

David Harquail (Chairman, Franco Nevada) joins Chris Mancini, CFA (Assistant Portfolio Manager, Gabelli Gold Fund) to discuss Franco Nevada, the benefits of royalty companies, and the future of the precious metals market. This was recorded as a live webinar on January 27th, 2025. 0:00 Intro, David's Background 3:01 Creation of Franco Nevada 5:44 Benefits of a Royalty Company in the Precious Metals Ecosystem 9:50 Franco Nevada History 13:28 Capital Allocation Strategy, Structuring Deals, Good Partnerships 17:00 More Deals 20:27 Leverage 22:22 Competition 24:12 Countercyclical Industry 26:40 Cobre Panama 30:13 Royalties - “Gold Investment that Works” 32:41 Gold Price 34:39 Leadership Philosophy as a Chairman 36:20 AI 37:48 Crypto 41:06 Franco Nevada’s Buyback Philosophy 42:11 Gold = Overlooked? Chris Mancini, CFA is an Associate Portfolio Manager for The Gabelli Gold Fund. The above webinar was recorded on January 27th, 2025th and posted on YouTube on January 29th, 2025. As of December 31st, 2024, affil