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Elemental Altus Royalties Corp. (ELEMF) is a revenue-generating precious metals royalty company with a diversified portfolio of pre-production and discovery stage assets. The company focuses on acquiring uncapped royalties and streams over producing or near-producing mines operated by established counterparties. Led by CEO Frederick Bell, Elemental Altus has reported a sixth successive year of record revenue, with a strong outlook for 2024. The company's 2023 adjusted revenue of approximately US$17.8 million exceeded guidance, driven by a significant increase in sales volume. By strengthening its financial position and expanding its royalty portfolio, Elemental Altus aims to provide investors with exposure to gold while reducing risk.
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Elemental Altus Royalties Corp. (ELEMF) reports record annual revenue, gold equivalent ounces, EBITDA, and maiden quarterly profit for 2023. Highlights include a 69% increase in revenue, 56% increase in GEOs, and a 47% increase in adjusted EBITDA. The company also made accretive royalty acquisitions and achieved a significant decrease in G&A expenditure. With a strong balance sheet and cash position, Elemental Altus is well-positioned for future growth and strategic transactions.
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Elemental Altus Royalties Corp. (ELEMF) announces a substantial increase in 2024 guidance, expecting 10,000 to 11,700 Gold Equivalent Ounces, a 20% rise from 2023. The company projects Adjusted Revenue of US$20.0 to US$23.3 million, driven by organic growth from Diba and Bonikro royalties. Allied Gold's operations at Bonikro and Diba are set to boost revenue significantly. Elemental Altus aims to enhance its revenue-generating portfolio with a strong cash position and credit facility support.
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Elemental Altus Royalties Corp. reports record preliminary adjusted revenue of US$17.8 million in 2023, a 70% increase from 2022, with significant acquisitions and projects in the pipeline for 2024.
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Elemental Altus Royalties Corp. provides a portfolio update with positive highlights including increased Mineral Reserve and Resource Estimates at Caserones, production guidance for key operations, and joint ventures with strategic partners. The Company's royalty portfolio is expected to drive revenue growth in the near term.
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Elemental Altus Royalties Corp. expects to receive an initial US$12.1 million in cash and equity from its secured creditor claim against Rambler Metals and Mining Limited for the Ming gold stream. This contributes to a total of ~US$20 million in one-off payments expected in 2024-2025, in addition to upcoming royalty revenue growth. The company received an initial US$2.3 million in shares of Firefly Metals Ltd and will receive a further US$9.8 million in cash and equity in April 2025. With a minimum total return of US$12.6 million from the Ming Stream, Elemental Altus is in a strong financial position, expecting over US$60 million in combined revenue and milestone payments over 2024-2025.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the appointment of Vincent Benoit and Jack Lunnon from La Mancha Resource Capital LLP to the Board of Directors and the appointment of existing director John Robins as Chair of the Board.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the retirement of Executive Chairman Steven Poulton. Mr. Poulton, former CEO and co-founder of Altus Strategies plc, has been with the company for more than sixteen years. He will retire from the board effective January 01, 2024, but will continue as an independent consultant to the Company. The company expresses gratitude for his contributions and highlights the successful transactions and strategic direction achieved under his leadership.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) releases its inaugural Asset Handbook, offering detailed information on the company's assets and operations.
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Elemental Altus Royalties Corp. (ELE) announces its Q3 2023 financial results, including record revenue of US$7.8 million, a 10% increase from 2022, and Adjusted Revenue of US$12.2 million, a 58% increase from 2022. The company reported a record Gold Equivalent Ounces of 6,187oz, a 47% increase from 2022, and a record Adjusted EBITDA of US$7.8 million, a 41% increase from 2022.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the sale of the Diba Project to Allied Gold Corporation, expected to generate material near term income through uncapped Net Smelter Return royalties. The Project is strategically located near Allied's Sadiola gold mine in Western Mali, with an average production of 230,000 ounces over 2024 and 2025. The sale includes milestone payments and a significant investment in development, with the potential for further expansion and new discoveries.
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FAQ
What is the current stock price of ELEMENTAL ALTUS ROYALTIES (ELEMF)?
The current stock price of ELEMENTAL ALTUS ROYALTIES (ELEMF) is $0.7921 as of December 20, 2024.
What is the market cap of ELEMENTAL ALTUS ROYALTIES (ELEMF)?
The market cap of ELEMENTAL ALTUS ROYALTIES (ELEMF) is approximately 210.4M.
What is Elemental Altus Royalties Corp.?
Elemental Altus Royalties Corp. is a revenue-generating precious metals royalty company with a focus on acquiring uncapped royalties and streams over producing or near-producing mines.
Who leads Elemental Altus Royalties Corp.?
Frederick Bell is the CEO of Elemental Altus Royalties Corp., leading the company's operations and strategic initiatives.
What was the company's financial performance in 2023?
In 2023, Elemental Altus reported record revenue of approximately US$17.8 million, marking the sixth consecutive year of revenue growth.
What are the key highlights of Elemental Altus Royalties Corp.?
Elemental Altus focuses on building a diversified royalty portfolio, expanding revenue streams, and offering investors exposure to gold with reduced risk.
What is the outlook for Elemental Altus in 2024?
Elemental Altus expects to generate significant free cash flow in 2024, invest in new opportunities, and benefit from the strong performance of gold and copper markets.
ELEMENTAL ALTUS ROYALTIES