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Altius Minerals Corp (ATUSF) is a Canadian mining royalty company engaged in the acquisition and management of mineral resource assets. The company's core business involves generating royalties from mines across various commodities, including copper, nickel, and iron ore. Altius Minerals Corp has a diversified portfolio of royalty interests in mining projects globally, providing investors with exposure to the mining sector without the risks associated with direct ownership of mines. Recently, Altius Minerals Corp has reported strong financial performance, driven by robust commodity prices and successful royalty acquisitions. The company continues to focus on expanding its royalty portfolio through strategic partnerships and acquisitions, positioning itself for sustainable growth in the mining sector.
Altius Minerals Corporation (ATUSF) anticipates reporting $26.4 million in Q3 2022 attributable royalty revenue, up from $20.8 million in Q3 2021. Year-to-date, revenue reaches $80.5 million, compared to $60.5 million in the same period of 2021. Potash revenue surged to $10.3 million, reflecting higher prices, while base and battery metals revenue declined to $5.8 million. Iron ore royalties decreased due to higher expenditures and lower dividends. A conference call to discuss full financial results is scheduled for November 10, 2022.
Altius Minerals Corporation (ATUSF) reported a decline in the market value of its public junior equities portfolio from $47.4 million on June 30, 2022, to $43.5 million by September 30, 2022. Highlights include royalty revenues of $960,000 from Orogen Royalties Inc. and favorable drill results from AbraSilver Resource Corp. at the Diablillos project in Argentina, with intercepts of 506 g/t Ag and 1.99 g/t Au. The company’s strategy continues to focus on royalty and equity investments in commodities aligned with sustainability trends.
Altius Minerals Corporation (TSX: ALS) has renewed its Normal Course Issuer Bid (NCIB) to buy up to 1,698,481 common shares, roughly 3.56% of its outstanding shares. This NCIB will run from August 22, 2022, to August 21, 2023, pending regulatory approval. Altius aims to utilize the NCIB as it believes the market price of its shares does not reflect their intrinsic value based on anticipated cash flows. The company has actively pursued share buybacks since 2010 and purchased 537,700 shares under its previous NCIB at an average price of $16.81.
Altius Minerals Corporation (ATUSF) reported a strong Q2 2022, with revenue reaching $27.4 million, up from $21.2 million in Q2 2021. Attributable royalty revenue was $28.6 million, a 31% increase year-over-year, primarily driven by higher commodity prices. Adjusted EBITDA increased 38% to $24.4 million, resulting in an impressive 85% margin. However, net earnings fell to $8.7 million from $14.5 million in the previous year. The board declared a quarterly dividend of $0.08 per share, a 14% increase, payable on September 15, 2022.
Altius Minerals Corporation (ATUSF) reported record Q2 2022 attributable royalty revenue of $28.2 million, surpassing $21.9 million from the same quarter in 2021. Key revenue sources included potash at $11.5 million and thermal coal at $4.5 million, with potash revenue for the year-to-date exceeding last year's total. However, base and battery metals revenue fell to $8.4 million due to decreased production. Altius plans to provide further details on its financial performance during a conference call on August 9, 2022.
Altius Minerals Corporation (ATUSF) reported an update on its Project Generation activities and public junior equities portfolio, with a market value of $47.4 million as of June 30, 2022, down from $67.3 million on March 31, 2021. The company invested $1.2 million more than it sold in equities during the quarter. Highlights include Orogen Royalties generating royalty revenue, Adventus Mining's progress in Ecuador, and Sterling Metals securing $5 million for exploration. The decline in portfolio value aligns with the overall junior mining sector's downturn.
Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) will host an in-person and webcast Investor Day on May 25, 2022, from 1:00 PM to 4:00 PM ET. Interested shareholders and analysts should contact Flora Wood via flora@altiusminerals.com for attendance. The event will feature a live conference call, multiple Q&A sessions, and a webcast available on www.altiusminerals.com.
Altius focuses on creating growth through a diversified portfolio of royalty assets aligned with sustainability trends.
Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) announced the successful approval of all resolutions at its Annual General Meeting on May 13, 2022. This included the election of directors, all receiving over 97% approval. Notable votes included the appointment of Deloitte LLP as auditors with an approval of 97.83%. Shareholder participation was commendable at over 65%. Altius emphasizes sustainable growth through a diverse portfolio of royalty assets, particularly in commodities aligned with global sustainability trends, including copper and battery metals.
Altius Minerals Corporation (ATUSF) reports a record Q1 2022 revenue of $27.1 million, up from $17.5 million in Q1 2021. Attributable royalty revenue increased 44% to $25.5 million, driven by higher commodity prices. Adjusted EBITDA rose 62% to $23.6 million, with an 83% margin. Net earnings reached $12.5 million or $0.29 per share, a slight increase from the previous year's $11.8 million. The company declared a $0.07 dividend per share, payable on June 30, 2022. Cash and equivalents stood at $121.3 million.
Altius Minerals Corporation (ATUSF: OTCQX) reported a record Q1 2022 attributable royalty revenue of
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