Business
Altius Minerals Reports Q4 and Full Year 2021 Expected Attributable Royalty Revenue
ST. JOHN’S, Newfoundland and Labrador / Jan 19, 2022 / Business Wire / Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expe
About this update from Altius Minerals Corporation
[{"type":"text","content":"ST. JOHN’S, Newfoundland and Labrador / Jan 19, 2022 / Business Wire / Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expects to report 2021 annual attributable royalty revenue† of $83.9 million, which is 24% higher than the $67.5 million reported for 2020. Fourth quarter expected attributable royalty revenue of $23.5 million compares to $22.0 million reported for the fourth quarter of 2020. These amounts establish new annual and quarterly records for the Corporation. Altius also wishes to report that it acquired 821,100 common shares under its Normal Course Issuer Bid during the year at an average price of $15.76 per share. These shares were cancelled upon acquisition. Royalty Revenue Summary Summary of attributable royalty revenue(in thousands of Canadian dollars) YE 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2021 YE 2020 Base metals $ 36,566 $ 11,329 $ 8,216 $ 9,394 $ 7,627 $ 26,861 Iron ore (1) 17,243 3,305 6,035 5,029 2,874 8,765 Potash 19,283 6,907 3,788 4,516 4,072 14,598 Thermal (electrical) coal 9,049 1,421 2,562 2,140 2,926 13,696 Metallurgical coal 58 - - - 58 1,612 Other royalties and interest 1,730 493 207 827 203 1,970 Attributable royalty revenue $ 83,929 $ 23,455 $ 20,808 $ 21,906 $ 17,760 $ 67,502 See non-IFRS measures section of our MD&A for definition and reconciliation of attributable royalty revenue (1) Labrador Iron Ore Royalty Corporation dividends received Base metal (primarily copper) revenue of $36.6 million for the year is 36% higher than the $26.9 million reported in 2020. This reflects generally higher realized prices and stronger production volumes at key mines. Production volumes in 2020 were negatively impacted by Covid related curtailments at Voisey’s Bay and mechanical issues at Chapada and 777. The Corporation also notes that Adventus Mining Corporation published a positive Feasibility Study for its copper and gold rich El Domo deposit in Ecuador during the year and announced a comprehensive project finance package subsequent to year end. Altius holds a 2% NSR relating to the El Domo deposit and the broader Curipamba project area. Further details can be sourced at www.adventusmining.com. Potash revenue for 2021 of $19.3 million increased by 32% over the $14.6 million reported in 2020 mainly due to higher realized pr...