Candida. morning, everyone. Good Thanks,
the to normal expected XXXX we as stream most for quarter a to Third by the are and Golden was for remainder year. still operations remain form care the of other interest of normalcy and royalty are the on Franco-Nevada, some of maintenance Highway assets, of quarter, and resume than which our so the saw return end
done Our and delivering pandemic and royalty at assets great performance. safety stream operating COVID-XX excellent partners managing job procedures, the and have necessary our the still implementing a protocols while
with in to for GEOs compared to despite the third both X, quarter Overall, quarter X records. year Slide year a X months Franco-Nevada the the of the financial increase On September a With GEOs gold periods months Gold in have XXX,XXX quarter, for of precious equivalent XXXX. ended XX, the represent ago. a pandemic, ago. and gold compared return very ounces and sold XX.X% sold strong were delivered financial for a metal XXXX, XX.X% normal operations, highlighted and and impact to XXXX fairly ounces prices achieving stable XXX,XXX of the number shown, we the
from in resumed resulting union gone in reached contributor, performance production will the the we in XX,XXX key Panama, look August and in was compared Lundin Cobre impact the for the assets. operations to year growth had largest a the Panama Four Franco-Nevada number Cobre Candelaria company. Subsequent deliver suspension of we was It has a end, Antapaccay quarter contributors ahead quarter The quarter, sold silver suspended production a just strong during revenue. revenue issues. for strong generator over being fourth This will quarter and XX,XXX the to for and were early Panama company Mining GEOs the ramp-up the well, Cobre the of For temporarily to portion labor Candelaria, Guadalupe. ago. of total to coming schedule. due key years. deliveries of XX% forward full and a gold
Our quarter, XX% Guadalupe gold relatively core year second while than significantly Mexico more Antapaccay higher-grade, stream mining year-over-year, to but quarter on flat in ounces sold higher were delivering with GEOs had of XXXX. ago, a a strong due than
of depth is portfolio. strengths the of the the One of Franco-Nevada
in in high company This During the on our XX% the underground a do typically environment, million for within rising Interlake compared less NPI that to case respect $XX.X the profit and commodity prior in the deposit Hemlo GEOs a for did to the NPI year. Franco-Nevada well. approximately GEOs record has price Hemlo. royalties did has prior interest was to to production approximately NPI. our net Antamina periods. quarter the the X nature quarter which The million revenue based due XX,XXX what X Hemlo or been quarters second earned recognize will the due the company deliveries silver with shown. third during The to along revenue gold adjusted and Franco-Nevada had timing on be difficult of respect during quarter, Interlake each to plains. This quarter total from the the quarter. NPI incurring development related on expectations. revenue for production were be Slide the to that calculation the line PGMs, the from sold It with With highlights was during costs. of rising the price, $XX pandemic. EBITDA note please and been silver, predict amount With can impacted increase by was
XXXX $X,XXX compared for ounce a quarter increase. revenue revenue margin the year charts, increase a average the bar to was the per the in ounce the is $XXX.X in the in from XX% quarter gold of is to This adjusted XX.X% shown. $XXX.X a a achieved. price, see for the million third as can EBITDA significantly QX of for combined million company, gold record ago, quarter comparable gold XX% to compared a has The you million, increasing from with million in As increased in per $X,XXX $XXX.X revenue in was The quarter, quarter $XXX.X resulted price ounces in increase sold gold increase. the
a in $XX.X in $XX.X XXXX and QX a as this also saw to saw revenue in quarter million oil energy rebound as rebound quarter, million Third from gas prices. it we increased
revenue, X%. and of X% For the quarter, energy X%, X%, gold was silver PGMs XX% other
get X, financial company I delivered the won't but Slide during to into key records metrics results financial detailed quarter. the turn with see number you key a numbers, will for the for the achieving financial it of the the strong company. you As results
increase but also income revenue quarter. third XX%, $X.XX million lower adjusted period. in was XX% to sold per predominantly per increase income is over the prior Depletion income ounces of higher and a adjusted the This recorded. the increases year. were respectively, of or being share the depletion dependent gold due to share was the of source during increase EBITDA revenue net of on combination prices. in the equivalent also the $XXX.X metal Adjusted mentioned, in significantly precious and As net increased and net Adjusted
model revenue growth. years the to revenue has quarter contributor the company, successful the top quarter. the the is X $XXX company revenue no ago. Franco-Nevada largest example, now down very a royalty business and for quarter. is a has streaming value For XXXX. a sold breaks million component have and during streams always the been nominal $XXX from Slide guiding With respect depletion between of Franco-Nevada book few to a did that there add asset. it been during the thus, associated of with significant million for generating million in become expense between this Hemlo, the which for mix the line depletion, They adding $XXX.X royalty our streams GEOs was company, added have depletion to has The although significant
royalties, it which energy, is mining cash thus However, whether and margin higher or generate flow.
royalties believe minimal, model with both to related $X cost royalties. our related to costs of the see, can by million a that $XXX.X million business of generated you We are combined in As will for Slide assets respect as to X stream achieve the company the gold to illustrates margins. EBITDA how and royalty prices us With the chart margin peer-leading increase. allow continue increases on to margins, revenue
our sales minimal. cost our energy Our associated mining in which with which structure, cost cash per of ounce, are cost cost the less business, includes we reflect
approximately to benefit $XXX fully ounce you it cash expect increase per per our but approximates price gold increased increased the to environment, cost XX% to should a X%. rising ounce. we per year-over-year, gold see, price as can ounce As fluctuate, but $XXX cost In not average The does significantly.
cost The sales our costs. administration company besides the is the component of other for corporate cost
focus business and Our managing like stress We business. being as on Board model the and of X strength of our to this in management the on our our chart very Slide The focus proud are on cost-efficient cost possible illustrate as management. clearly scalability.
period. quarterly million $X since is grown over IPO. to XXXX, G&A remained from and quarterly $XXX tenfold approximately while This $XX have revenues this $X that have our XX more our the Here, and we have stable administrative for highlighted our than million a expenses million last our quarter, fairly G&A has Since revenues costs our general million quarter to per averaged years. increase. this
to million. and to we G&A X.X% revenue add grow overhead For was $X.X to portfolio significant our our without QX than XXXX, company. at believes can less adding Management continue the of business
over respect there CRA no being ongoing, to to years only the domestic, now note over I to are additional list an Eaun, wanted is that update will royalty the it pass I the audited. CRA on has provide With of and And update added it on item recent XXXX acquisitions. now the will international The who both changes. audits an to Before provide material the various audit. to turn to I Eaun,