Business
Altius Minerals Reports 2024 Attributable Royalty Revenue of $64.0M and Adjusted Earnings(1) of $12.7M
All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland / Mar 11, 2025 / Business Wire /
About this update from Altius Minerals Corporation
[{"type":"text","content":"All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland / Mar 11, 2025 / Business Wire / Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports full year revenue of $58.2 million compared to $69.0 million in 2023 and $11.7 million for the fourth quarter compared to $13.8 million in the same period in 2023. Full year attributable royalty revenue(1) of $64.0 million ($1.37 per share(1)) compares to $69.4 million ($1.46 per share) reported in 2023. Fourth quarter attributable royalty revenue of $13.5 million ($0.29 per share) compares to $14.7 million ($0.31 per share) in Q4 2023. Brian Dalton, CEO commented, \"Revenue in the current year reflects higher base metal prices, higher dividends from iron ore and growth of the renewable royalty portfolio offset by lower potash revenue and lower coal revenue due to the closure of the Genesee Mine. The potash operators reported increased sales for 2024 with strong demand expected into 2025. Our renewables business continued its growth with the commencement of several royalties reaching commercial operations in 2024. At Chapada we saw the benefits of increasing copper prices while at Voisey's Bay the construction and commissioning of the Eastern Deeps mine was completed. Several other pre-production royalty projects are seeing positive progress that indicate strong portfolio value growth potential, specifically for Silicon (gold) and Kami (DR quality iron ore) as well as for the Curipamba copper-gold project in Ecuador and Tres Quebradas and Mariana lithium projects in Argentina.\" Operating Royalty Portfolio Performance Summary of attributable royalty revenue YE 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2024 YE 2023 Base and battery metals $ 19,422 $ 3,167 $ 5,437 $ 5,474 $ 5,344 $ 18,354 Potash 18,404 4,934 3,585 4,755 5,130 24,005 Renewable energy (1) 6,959 1,807 1,998 1,219 1,935 4,137 Iron ore (2) 11,220 2,805 2,618 4,114 1,683 9,536 Thermal (electrical) coal – – – – – 8,853 Interest and investment (1) 7,980 809 1,038 4,806 1,327 4,48...