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Altius Minerals Reports Q4 2023 and Full Year 2023 Expected Attributable Royalty Revenue(1)
All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland and Labrador / Jan 23, 2024 / Bus
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 and Labrador / Jan 23, 2024 / Business Wire / Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expects to report Q4 2023 attributable royalty revenue(1) of $15.8 million and annual attributable royalty revenue of $73.7 million. Royalty Revenue Summary Summary of attributable royalty revenue(1) 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2023 2022 Base & battery metals 18,273 4,339 4,231 4,834 4,869 28,512 Potash 24,006 5,023 3,870 6,081 9,032 41,445 Iron ore# 9,536 1,682 3,553 2,431 1,870 10,666 Renewable energy 7,132 1,829 2,648 1,310 1,345 4,795 Thermal (electrical) coal 8,853 1,225 2,000 2,626 3,002 15,175 Interest and other 5,893 1,696 1,506 1,416 1,275 2,878 $ 73,693 $ 15,794 $ 17,808 $ 18,698 $ 21,393 $ 103,471 (#) Labrador Iron Ore Royalty Corporation dividends received Base and battery metals (primarily copper) revenue of $18.3 million for the year compares to $28.5 million reported for 2022 due primarily to the scheduled closure of the 777 mine in Q2 of 2022 and a Q4 lag between mine production and copper stream deliveries from Chapada. At Voisey's Bay nickel production continued to be impacted by the transitioning to underground mining from prior open pit based production. The Corporation recognized its first lithium royalty revenue during the second half of the year from the ramp up of the Groto do Cirilo mine. The Corporation's preliminary cost of sales on the Chapada copper stream, excluding any depletion for the quarter, is $5.1 million compared to $5.6 million in the prior year. Potash portfolio revenue during the year was...