Altius Reports Q1 2025 Expected Attributable Royalty Revenue(1)
Altius Minerals (ATUSF) reports expected Q1 2025 attributable royalty revenue of $15.0 million. The revenue breakdown includes:
- Base & battery metals: $6.8M (primarily copper)
- Potash: $3.9M
- Iron ore: $1.9M
- Renewable energy: $1.6M
- Interest and other: $0.7M
The base metals revenue increase reflects timing of Chapada copper stream deliveries, with preliminary cost of sales at $1.9M. Potash revenue declined due to mine unit sequencing at Rocanville and maintenance at Allan. Iron ore revenue came through dividends from Labrador Iron Ore Royalty Corp. Renewable energy revenue includes $0.4M in investment income.
Altius Minerals (ATUSF) prevede un ricavo da royalties attribuibili per il primo trimestre 2025 di 15,0 milioni di dollari. La suddivisione dei ricavi comprende:
- Metalli di base e batterie: 6,8 milioni di dollari (principalmente rame)
- Potassio: 3,9 milioni di dollari
- Minerale di ferro: 1,9 milioni di dollari
- Energia rinnovabile: 1,6 milioni di dollari
- Interessi e altri: 0,7 milioni di dollari
L’aumento dei ricavi dai metalli di base riflette la tempistica delle consegne dello stream di rame di Chapada, con un costo preliminare delle vendite di 1,9 milioni di dollari. I ricavi da potassio sono diminuiti a causa della sequenza delle unità minerarie a Rocanville e della manutenzione ad Allan. I ricavi dal minerale di ferro derivano dai dividendi della Labrador Iron Ore Royalty Corp. I ricavi dall’energia rinnovabile includono 0,4 milioni di dollari di reddito da investimenti.
Altius Minerals (ATUSF) reporta ingresos por regalías atribuibles esperados para el primer trimestre de 2025 de 15,0 millones de dólares. La distribución de ingresos incluye:
- Metales base y baterías: 6,8 millones de dólares (principalmente cobre)
- Potasa: 3,9 millones de dólares
- Mineral de hierro: 1,9 millones de dólares
- Energía renovable: 1,6 millones de dólares
- Intereses y otros: 0,7 millones de dólares
El aumento en ingresos por metales base refleja la sincronización de las entregas del stream de cobre de Chapada, con un costo preliminar de ventas de 1,9 millones de dólares. Los ingresos por potasa disminuyeron debido a la secuencia de unidades mineras en Rocanville y mantenimiento en Allan. Los ingresos por mineral de hierro provienen de dividendos de Labrador Iron Ore Royalty Corp. Los ingresos por energía renovable incluyen 0,4 millones de dólares en ingresos por inversiones.
Altius Minerals (ATUSF)는 2025년 1분기 예상 귀속 로열티 수익을 1,500만 달러로 보고했습니다. 수익 구성은 다음과 같습니다:
- 기본 및 배터리 금속: 680만 달러 (주로 구리)
- 칼륨: 390만 달러
- 철광석: 190만 달러
- 재생 에너지: 160만 달러
- 이자 및 기타: 70만 달러
기본 금속 수익 증가는 Chapada 구리 스트림 납품 시점에 따른 것으로, 매출원가는 예비적으로 190만 달러입니다. 칼륨 수익은 Rocanville 광산 단위 순서 변경과 Allan 광산 유지보수로 감소했습니다. 철광석 수익은 Labrador Iron Ore Royalty Corp.의 배당금에서 발생했습니다. 재생 에너지 수익에는 40만 달러의 투자 수익이 포함되어 있습니다.
Altius Minerals (ATUSF) rapporte un revenu de redevances attribuable attendu pour le premier trimestre 2025 de 15,0 millions de dollars. La répartition des revenus comprend :
- Métaux de base et batteries : 6,8 M$ (principalement cuivre)
- Potasse : 3,9 M$
- Minerai de fer : 1,9 M$
- Énergie renouvelable : 1,6 M$
- Intérêts et autres : 0,7 M$
L’augmentation des revenus des métaux de base reflète le calendrier des livraisons du flux de cuivre de Chapada, avec un coût des ventes préliminaire de 1,9 M$. Les revenus de la potasse ont diminué en raison de la séquence des unités minières à Rocanville et de la maintenance à Allan. Les revenus du minerai de fer proviennent des dividendes de Labrador Iron Ore Royalty Corp. Les revenus de l’énergie renouvelable incluent 0,4 M$ de revenus d’investissement.
Altius Minerals (ATUSF) meldet erwartete zuordenbare Lizenzgebührenerlöse für das erste Quartal 2025 in Höhe von 15,0 Millionen US-Dollar. Die Aufschlüsselung der Einnahmen umfasst:
- Basismetalle und Batteriemetalle: 6,8 Mio. USD (hauptsächlich Kupfer)
- Kalium: 3,9 Mio. USD
- Eisenerz: 1,9 Mio. USD
- Erneuerbare Energien: 1,6 Mio. USD
- Zinsen und Sonstiges: 0,7 Mio. USD
Der Anstieg der Basismetallerlöse spiegelt den Zeitplan der Kupferlieferungen aus dem Chapada-Stream wider, mit vorläufigen Herstellungskosten von 1,9 Mio. USD. Die Kaliumerlöse sanken aufgrund der Reihenfolge der Bergwerksabschnitte in Rocanville und Wartungsarbeiten in Allan. Die Eisenerzerlöse stammen aus Dividenden der Labrador Iron Ore Royalty Corp. Die Erlöse aus erneuerbaren Energien beinhalten 0,4 Mio. USD an Anlageerträgen.
- Base and battery metals revenue increased significantly to $6.8M from $3.2M in Q4 2024
- Total attributable royalty revenue improved to $15.0M from $13.5M in Q4 2024
- Higher Voisey's Bay revenue contribution in Q1 2025
- Potash revenue declined to $3.9M from $5.1M in Q1 2024
- Renewable energy revenue decreased to $1.6M from $1.9M in Q1 2024
- Interest and other revenue dropped to $0.7M from $1.3M in Q1 2024
All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated
ST. JOHN’S,
Royalty Revenue Summary
Summary of attributable royalty revenue(1) |
Q1 2025 |
Q4 2024 |
Q1 2024 |
|||
Base & battery metals |
$ |
6,840 |
$ |
3,167 |
$ |
5,344 |
Potash |
|
3,894 |
|
4,934 |
|
5,130 |
Iron ore# |
|
1,870 |
|
2,805 |
|
1,683 |
Renewable energy## |
|
1,647 |
|
1,807 |
|
1,935 |
Interest and other |
|
702 |
|
809 |
|
1,327 |
|
$ |
14,953 |
$ |
13,522 |
$ |
15,419 |
(#) Labrador Iron Ore Royalty Corporation dividends received |
|
|||||
(##) Effective |
|
|||||
Base and battery metals (primarily copper) revenue of
The Corporation's preliminary cost of sales on the Chapada copper stream, excluding any depletion, is
Potash portfolio revenue during the quarter was
Iron ore royalty revenue in the form of dividends from Labrador Iron Ore Royalty Corp., which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of
Renewable energy royalty revenue of
Non GAAP Financial Measures
- Management uses the following non-GAAP financial measures: attributable revenue, attributable royalty revenue, adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA), adjusted operating cash flow and adjusted net earnings (loss). Management uses these measures to monitor the financial performance of the Corporation and its operating segments and believes these measures enable investors and analysts to compare the Corporation’s financial performance with its competitors and/or evaluate the results of its underlying business. These measures are intended to provide additional information, not to replace International Financial Reporting Standards (IFRS) measures, and do not have a standard definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. As these measures do not have a standardized meaning, they may not be comparable to similar measures provided by other companies. Further information on the composition and usefulness of each non-GAAP financial measure, including reconciliation to their most directly comparable IFRS measures, is included in the non-GAAP financial measures section of our MD&A.
First Quarter 2025 Financial Results Conference Call and Webcast Details
Additional details relating to individual royalty performances and asset level developments will be provided with the release of our annual financial results, which will occur on May 13, 2025 after the close of market, with a conference call to follow on May 14, 2025.
Date: May 14, 2025
Time: 9:00 AM ET
Toll Free Dial-In Number: +1-800-717-1738
International Dial-In Number: +1-289-514-5100
Conference Call Title and ID: Altius Minerals Q1 2025 Financial Results, ID 93899
Webcast Link: Q1 2025 Financial Results
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 46,301,246 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is included in each of the S&P/TSX Small Cap, the S&P/TSX Global Mining, and the S&P/TSX Canadian Dividend Aristocrats indices.
Forward-looking information
This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Altius believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250417543391/en/
Flora Wood
Email: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: +1(416)346.9020
Ben Lewis
Email: Blewis@altiusminerals.com
Tel: 1.877.576.2209
Source: Altius Minerals Corporation
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