Franco-Nevada Corporation ($FNV)

The U.S. Mint awarded a $42.4M delivery order to Stonex Financial Ltd for silver raw material to produce American Silver Eagle bullion coins. While Stonex is private, the contract signals robust government demand for silver, which benefits publicly traded silver streaming and royalty companies like $APM, $WPM, and $FNV through higher silver prices and increased revenue.

→ Supply chain beneficiary: As a precious metals royalty and streaming company with silver assets, FNV benefits from the demand signal created by the U.S. Mint's silver purchase, which supports silver prices and enhances FNV's royalty revenue.