Gold Prices: FNVUF.US, tied to Franco-Nevada, a gold royalty and stream company, heavily depends on gold prices. Rising gold prices generally boost its revenue and stock value.

Production Volumes: The actual amount of gold and other precious metals produced at the mines where Franco-Nevada holds royalty or stream agreements directly impacts its earnings.

Operating Costs: Mining companies' operational expenses influence Franco-Nevada's returns. Higher operating costs for miners can reduce their profitability and thus affect royalty payments.

Geopolitical Risks: Political instability or regulatory changes in countries where Franco-Nevada's partner mines are located can introduce risks and negatively impact stock value.

Interest Rates: Changes in interest rates influence investment decisions. Higher rates might make bonds more attractive, potentially diverting investment from gold-related assets like FNVUF.US.

Franco-Nevada's Deals: New royalty/streaming agreements or adjustments to existing ones affect future revenue projections, impacting investor confidence and stock price.