Altius Reports Q4 2024 and Full Year 2024 Expected Attributable Royalty Revenue(1)
Altius Minerals reports expected Q4 2024 attributable royalty revenue of $13.6 million and annual revenue of $65.7 million. The company's portfolio performance includes:
- Base and battery metals revenue: $19.4 million for the year, with higher prices offsetting lower volumes
- Potash revenue: $18.4 million, affected by lower prices but offset by higher production
- Iron ore royalty revenue: $11.2 million from Labrador Iron Ore Royalty Corp dividends
- Renewable energy royalty revenue: $6.9 million, reflecting operational portfolio projects growth
Notable events include a $981,000 positive adjustment in potash from a new Nutrien mine area and ARR's arrangement with Northampton Capital Partners for $12.00 per share acquisition, excluding Altius's 57% ownership.
Altius Minerals riporta un'introito di royalti attribuibili previsto per il Q4 2024 di 13,6 milioni di dollari e un introito annuale di 65,7 milioni di dollari. Le prestazioni del portafoglio della società includono:
- Introito da metalli di base e di batteria: 19,4 milioni di dollari per l'anno, con prezzi più elevati che compensano volumi inferiori
- Introito da potassio: 18,4 milioni di dollari, influenzato da prezzi più bassi ma compensato da una produzione più elevata
- Introito da ferro: 11,2 milioni di dollari dalle le dividendi di Labrador Iron Ore Royalty Corp
- Introito da energia rinnovabile: 6,9 milioni di dollari, che riflette la crescita dei progetti del portafoglio operativo
Eventi notevoli includono un aggiustamento positivo di 981.000 dollari dal potassio da una nuova area mineraria di Nutrien e l'accordo di ARR con Northampton Capital Partners per un'acquisizione a 12,00 dollari per azione, escludendo il 57% di proprietà di Altius.
Altius Minerals informa que se espera un ingreso por regalías atribuibles de 13,6 millones de dólares para el Q4 2024 y un ingreso anual de 65,7 millones de dólares. El rendimiento de la cartera de la compañía incluye:
- Ingresos de metales básicos y de baterías: 19,4 millones de dólares para el año, con precios más altos que compensan volúmenes más bajos
- Ingresos de potasio: 18,4 millones de dólares, afectados por precios más bajos pero compensados por una mayor producción
- Ingresos de regalías de mineral de hierro: 11,2 millones de dólares de dividendos de Labrador Iron Ore Royalty Corp
- Ingresos de regalías de energía renovable: 6,9 millones de dólares, reflejando el crecimiento de los proyectos del portafolio operativo
Eventos notables incluyen un ajuste positivo de 981.000 dólares en potasio de una nueva área minera de Nutrien y el acuerdo de ARR con Northampton Capital Partners para una adquisición de 12,00 dólares por acción, excluyendo el 57% de propiedad de Altius.
Altius Minerals는 2024년 4분기에 예상되는 당사 소속 로열티 수익이 1,360만 달러이며 연간 수익이 6,570만 달러라고 보고했습니다. 회사의 포트폴리오 성과는 다음과 같습니다:
- 기초 및 배터리 금속 수익: 연간 1,940만 달러, 가격 상승이 저조한 거래량을 보완
- 칼륨 수익: 1,840만 달러, 낮은 가격에 영향을 받았지만 생산량 증가로 보완됨
- 철광석 로열티 수익: Labrador Iron Ore Royalty Corp의 배당금으로 1,120만 달러
- 재생 에너지 로열티 수익: 운영 포트폴리오 프로젝트 성장을 반영하는 690만 달러
주목할 만한 사건으로는 Nutrien의 새로운 광산 지역에서 칼륨의 981,000달러의 긍정적인 조정과 ARR의 Northampton Capital Partners와의 주당 12.00달러 인수 계약이 있으며, Altius의 57% 소유권은 제외됩니다.
Altius Minerals rapporte des revenus de redevances attribuables attendus de 13,6 millions de dollars pour le quatrième trimestre 2024 et des revenus annuels de 65,7 millions de dollars. La performance du portefeuille de la société comprend :
- Revenus des métaux de base et des batteries : 19,4 millions de dollars pour l'année, avec des prix plus élevés compensant des volumes plus faibles
- Revenus de potasse : 18,4 millions de dollars, affectés par des prix plus bas mais compensés par une production plus élevée
- Revenus de redevances de minerai de fer : 11,2 millions de dollars provenant des dividendes de Labrador Iron Ore Royalty Corp
- Revenus de redevances d'énergie renouvelable : 6,9 millions de dollars, reflétant la croissance des projets du portefeuille opérationnel
Les événements notables incluent un ajustement positif de 981 000 dollars dans la potasse d'une nouvelle zone minière de Nutrien et l'accord d'ARR avec Northampton Capital Partners pour une acquisition à 12,00 dollars par action, excluant la participation de 57 % d'Altius.
Altius Minerals berichtet über erwartete royalties von 13,6 Millionen Dollar für das vierte Quartal 2024 und jährliche Einnahmen von 65,7 Millionen Dollar. Die Portfolio-Leistung des Unternehmens umfasst:
- Einnahmen aus Basis- und Batteriemetallen: 19,4 Millionen Dollar für das Jahr, wobei gestiegene Preise niedrigere Volumina ausgleichen
- Kalisalz Einnahmen: 18,4 Millionen Dollar, betroffen von niedrigeren Preisen, aber durch höhere Produktion ausgeglichen
- Eisenminerale royalty Einnahmen: 11,2 Millionen Dollar aus Dividenden von Labrador Iron Ore Royalty Corp
- Erneuerbare Energien royalty Einnahmen: 6,9 Millionen Dollar, was das Wachstum der operativen Portfolio-Projekte widerspiegelt
Bemerkenswerte Ereignisse sind eine positive Anpassung von 981.000 Dollar bei Kalisalz aus einem neuen Bergbaugebiet von Nutrien und die Vereinbarung von ARR mit Northampton Capital Partners über den Erwerb zu 12,00 Dollar pro Aktie, ohne Berücksichtigung des 57% Anteils von Altius.
- Higher realized prices in base and battery metals segment
- Increased potash production volumes
- Higher IOC dividends boosting iron ore royalty revenue
- Growth in renewable energy portfolio with $6.9M revenue
- Lower copper stream deliveries in Q4
- Decreased potash prices affecting revenue
- Overall annual revenue decline from $70.9M in 2023 to $65.7M in 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) |
|
2024 |
Q4 2024 |
Q3 2024 |
Q2 2024 |
Q1 2024 |
|
2023 |
||||
Base & battery metals |
$ |
19,422 |
$ |
3,167 |
$ |
5,437 |
$ |
5,474 |
$ |
5,344 |
|
18,354 |
Potash |
|
18,376 |
|
4,907 |
|
3,585 |
|
4,755 |
|
5,129 |
|
24,005 |
Iron ore# |
|
11,220 |
|
2,805 |
|
2,618 |
|
4,114 |
|
1,683 |
|
9,536 |
Renewable energy## |
|
6,939 |
|
1,786 |
|
2,000 |
|
1,218 |
|
1,935 |
|
4,137 |
Thermal (electrical) coal |
|
– |
|
– |
|
– |
|
– |
|
– |
|
8,853 |
Interest and other |
|
9,705 |
|
935 |
|
1,509 |
|
5,319 |
|
1,942 |
|
5,993 |
|
$ |
65,662 |
$ |
13,600 |
$ |
15,149 |
$ |
20,880 |
$ |
16,033 |
$ |
70,878 |
(#) Labrador Iron Ore Royalty Corporation dividends received |
|
|
||||||||||
(##) Effective |
|
|
||||||||||
Base and battery metals (primarily copper) revenue of
The Corporation's preliminary cost of sales for the year related to the Chapada copper stream, excluding any depletion, is
Potash portfolio revenue during the year 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
On December 5, 2024 Altius Renewable Royalties Corp. ("ARR") announced the completion of a statutory plan of arrangement pursuant to which Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC (“Northampton”), acquired, for
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.
Fourth Quarter and Year End 2024 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 March 11, 2025 after the close of market, with a conference call to follow on March 12, 2025.
Date: March 12, 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 Q4 2024 Financial Results, ID 16181
Webcast Link: Q4 and Year End 2024 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 46,290,608 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/20250128554609/en/
For further information, please contact:
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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