<SEC-DOCUMENT>0000318989-25-000204.txt : 20251105
<SEC-HEADER>0000318989-25-000204.hdr.sgml : 20251105
<ACCEPTANCE-DATETIME>20251105110830
ACCESSION NUMBER:		0000318989-25-000204
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251105
DATE AS OF CHANGE:		20251105

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANCO NEVADA Corp
		CENTRAL INDEX KEY:			0001456346
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86424
		FILM NUMBER:		251452473

	BUSINESS ADDRESS:	
		STREET 1:		199 BAY STREET, SUITE 2000
		STREET 2:		COMMERCE COURT WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5L 1G9
		BUSINESS PHONE:		416-306-6317

	MAIL ADDRESS:	
		STREET 1:		199 BAY STREET, SUITE 2000
		STREET 2:		COMMERCE COURT WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5L 1G9

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIL Ltd
		CENTRAL INDEX KEY:			0000318989
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		ORGANIZATION NAME:           	
		EIN:				000000000
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX H.M. 670
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		617-563-7000

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX H.M. 670
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIL LTD
		DATE OF NAME CHANGE:	20080213

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIDELITY INTERNATIONAL LTD
		DATE OF NAME CHANGE:	19920929
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
 <headerData>
  <submissionType>SCHEDULE 13G/A</submissionType>
  <previousAccessionNumber>0000318989-24-000224</previousAccessionNumber>
  <filerInfo>
   <filer>
    <filerCredentials>
     <cik>0000318989</cik>
     <ccc>XXXXXXXX</ccc>
    </filerCredentials>
   </filer>
   <liveTestFlag>LIVE</liveTestFlag>


  </filerInfo>
 </headerData>
 <formData>
  <coverPageHeader>
   <amendmentNo>1</amendmentNo>
   <securitiesClassTitle>COMMON STOCK</securitiesClassTitle>
   <eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
   <issuerInfo>
    <issuerCik>0001456346</issuerCik>
    <issuerName>FRANCO NEVADA CORP</issuerName>
    <issuerCusip>351858105</issuerCusip>
    <issuerPrincipalExecutiveOfficeAddress>
     <com:street1>199 BAY STREET</com:street1>
     <com:street2>SUITE 2000, COMMERCE COURT WEST</com:street2>
     <com:city>TORONTO</com:city>
     <com:stateOrCountry>A6</com:stateOrCountry>
     <com:zipCode>M5L 1G9 </com:zipCode>
    </issuerPrincipalExecutiveOfficeAddress>
   </issuerInfo>
   <designateRulesPursuantThisScheduleFiled>
    <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
   </designateRulesPursuantThisScheduleFiled>
  </coverPageHeader>
  <coverPageHeaderReportingPersonDetails>

   <reportingPersonName>FIL Limited</reportingPersonName>
   <citizenshipOrOrganization>D0</citizenshipOrOrganization>
   <reportingPersonBeneficiallyOwnedNumberOfShares>
    <soleVotingPower>6185875.00</soleVotingPower>
    <sharedVotingPower>0.00</sharedVotingPower>
    <soleDispositivePower>6857798.00</soleDispositivePower>
    <sharedDispositivePower>0.00</sharedDispositivePower>
   </reportingPersonBeneficiallyOwnedNumberOfShares>
   <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>6857798.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
   <classPercent>3.6</classPercent>
   <typeOfReportingPerson>FI</typeOfReportingPerson>
  </coverPageHeaderReportingPersonDetails>
  <coverPageHeaderReportingPersonDetails>
   <reportingPersonName>Pandanus Partners, L.P.</reportingPersonName>
   <citizenshipOrOrganization>DE</citizenshipOrOrganization>
   <reportingPersonBeneficiallyOwnedNumberOfShares>
    <soleVotingPower>0.00</soleVotingPower>
    <sharedVotingPower>0.00</sharedVotingPower>
    <soleDispositivePower>6857798.00</soleDispositivePower>
    <sharedDispositivePower>0.00</sharedDispositivePower>
   </reportingPersonBeneficiallyOwnedNumberOfShares>
   <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>6857798.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
   <classPercent>3.6</classPercent>
   <typeOfReportingPerson>PN</typeOfReportingPerson>
  </coverPageHeaderReportingPersonDetails>
  <coverPageHeaderReportingPersonDetails>
   <reportingPersonName>Pandanus Associates, Inc.</reportingPersonName>
   <citizenshipOrOrganization>DE</citizenshipOrOrganization>
   <reportingPersonBeneficiallyOwnedNumberOfShares>
    <soleVotingPower>0.00</soleVotingPower>
    <sharedVotingPower>0.00</sharedVotingPower>
    <soleDispositivePower>6857798.00</soleDispositivePower>
    <sharedDispositivePower>0.00</sharedDispositivePower>
   </reportingPersonBeneficiallyOwnedNumberOfShares>
   <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>6857798.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
   <classPercent>3.6</classPercent>
   <typeOfReportingPerson>CO</typeOfReportingPerson>
  </coverPageHeaderReportingPersonDetails>
  <items>
   <item1>
    <issuerName>FRANCO NEVADA CORP</issuerName>
    <issuerPrincipalExecutiveOfficeAddress>199 BAY STREET,SUITE 2000, COMMERCE COURT WEST,TORONTO,A6,CA,M5L 1G9 </issuerPrincipalExecutiveOfficeAddress>
   </item1>
   <item2>
    <filingPersonName>FIL Limited</filingPersonName>
    <principalBusinessOfficeOrResidenceAddress>Pembroke Hall, 42 Crow Lane, Hamilton, Bermuda, HM19</principalBusinessOfficeOrResidenceAddress>
    <citizenship>Not applicable</citizenship>
   </item2>
   <item3>
    <notApplicableFlag>N</notApplicableFlag>
    <typeOfPersonFiling>FI</typeOfPersonFiling>
    <otherTypeOfPersonFiling>Please see Exhibit 99.</otherTypeOfPersonFiling>
   </item3>
   <item4>
    <amountBeneficiallyOwned>6857798.00</amountBeneficiallyOwned>
    <classPercent>3.6</classPercent>
    <numberOfSharesPersonHas>
     <solePowerOrDirectToVote>Please see the responses to Items 5 and 6 on the cover page.</solePowerOrDirectToVote>
     <sharedPowerOrDirectToVote>0.00</sharedPowerOrDirectToVote>
     <solePowerOrDirectToDispose>6857798.00</solePowerOrDirectToDispose>
     <sharedPowerOrDirectToDispose>0.00</sharedPowerOrDirectToDispose>
    </numberOfSharesPersonHas>
   </item4>
   <item5>
    <notApplicableFlag>N</notApplicableFlag>
    <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
   </item5>
   <item6>
    <notApplicableFlag>N</notApplicableFlag>
    <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of FRANCO NEVADA CORP. No one other person's interest in the COMMON STOCK of FRANCO NEVADA CORP is more than five percent of the total outstanding COMMON STOCK.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
   </item6>
   <item7>
    <notApplicableFlag>N</notApplicableFlag>
    <subsidiaryIdentificationAndClassification>See attached Exhibit 99.</subsidiaryIdentificationAndClassification>
   </item7>
   <item8>
    <notApplicableFlag>Y</notApplicableFlag>
   </item8>
   <item9>
    <notApplicableFlag>Y</notApplicableFlag>
   </item9>
   <item10>
    <notApplicableFlag>N</notApplicableFlag>
    <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
   </item10>
  </items>
  <exhibitInfo>Please see Exhibit 99 for 13d-1(k) (1) agreement.</exhibitInfo>
  <signatureInformation>
   <reportingPersonName>FIL Limited</reportingPersonName>
   <signatureDetails>
    <signature>Stephanie J. Brown</signature>
    <title>Duly authorized under Power of Attorney effective as of December 19, 2022, by and on behalf of FIL Limited and its direct and indirect subsidiaries*</title>
    <date>11/04/2025</date>
   </signatureDetails>
  </signatureInformation>
  <signatureInformation>
   <reportingPersonName>Pandanus Partners, L.P.</reportingPersonName>
   <signatureDetails>
    <signature>Stephanie J. Brown</signature>
    <title>Duly authorized under Power of Attorney effective as of December 19, 2022, by Pandanus Associates, Inc. on behalf of Pandanus Partners, L.P.*</title>
    <date>11/04/2025</date>
   </signatureDetails>
  </signatureInformation>
  <signatureInformation>
   <reportingPersonName>Pandanus Associates, Inc.</reportingPersonName>
   <signatureDetails>
    <signature>Stephanie J. Brown</signature>
    <title>Duly authorized under Power of Attorney effective as of December 19, 2022, by and on behalf of Pandanus Associates, Inc.*</title>
    <date>11/04/2025</date>
   </signatureDetails>
  </signatureInformation>
  <signatureComments> This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FIL Limited on January 31, 2023, accession number: 0000318989-23-000005.</signatureComments>
 </formData>

</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit99.txt
<TEXT>

Exhibit 99


Pursuant to the instructions in Item 7 of Schedule 13G, the following table
lists the identity and Item 3 classification, if applicable, of each relevant
entity that beneficially owns shares of the security class being reported on
this Schedule 13G.

Entity  ITEM 3 Classification

FIL Investments International  FI
FIL Investment Advisors  IA
FIL Investment Management (Singapore) Limited  FI
Fidelity Investments Canada ULC  FI


Pandanus Partners, L.P. ("Pandanus") owns shares of FIL Limited ("FIL") voting
stock. While the percentage of total voting power represented by these shares
of FIL voting stock may fluctuate as a result of changes in the total number
of shares of FIL voting stock outstanding from time to time, it normally
represents more than 25% and less than 48.5% of the total votes which may be
cast by all holders of FIL voting stock. Pandanus Associates, Inc. ("PAI")
acts as general partner of Pandanus. Pandanus is owned by trusts for the
benefit of members of the Johnson family, including FIL's Chairman Abigail P.
Johnson, but disclaims that any such member is a beneficial owner of the
securities reported on this Schedule 13G.

This filing reflects the securities beneficially owned, or that may be deemed
to be beneficially owned, by FIL, certain of its subsidiaries and affiliates,
and other companies (collectively, the "FIL Reporters"). This filing does not
reflect securities, if any, beneficially owned by certain other companies
whose beneficial ownership of securities is disaggregated from that of the FIL
Reporters in accordance with Securities and Exchange Commission Release No.
34-39538 (January 12, 1998).


RULE 13d-1(k)(1) AGREEMENT

The undersigned persons, on November 4, 2025, agree and consent to the joint
filing on their behalf of this Schedule 13G in connection with their
beneficial ownership of the COMMON STOCK of FRANCO NEVADA CORP at September
30, 2025.

FIL Limited

By /s/ Stephanie J. Brown
Stephanie J. Brown
Duly authorized under Power of Attorney effective as of December 19, 2022, by
and on behalf of FIL Limited and its direct and indirect subsidiaries*

Pandanus Partners, L.P.

By /s/ Stephanie J. Brown
Stephanie J. Brown
Duly authorized under Power of Attorney effective as of December 19, 2022, by
Pandanus Associates, Inc. on behalf of Pandanus Partners, L.P.*

Pandanus Associates, Inc.

By /s/ Stephanie J. Brown
Stephanie J. Brown
Duly authorized under Power of Attorney effective as of December 19, 2022, by
and on behalf of Pandanus Associates, Inc.*


* This power of attorney is incorporated herein by reference to Exhibit 24 to
the Schedule 13G filed by FIL Limited on January 31, 2023, accession number:
0000318989-23-000005.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
