Business
Altius Minerals Reports Royalty Revenue of $17.5M and $66.9M for the Quarter and Year Ended December 31, 2018 and Provides Revenue Guidance for 2019 of $67-$72M
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports that it wil
About this update from Altius Minerals Corporation
[{"type":"text","content":"ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports that it will release audited financial results for its three month and twelve month period ended December 31, 2018 on March 12, 2019 after the close of market, with a conference call to follow March 13, 2019 at 9:00 am ET. Altius expects to report attributable royalty revenue1 of approximately $17.5 million ($0.41 per share) for the fourth quarter of 2018, compared to $17.1 million ($0.40 per share) in Q3 2018 and to $13.7 million ($0.32 per share) in the two month period ended December 31, 2017, when Altius was transitioning to a December year end. Full year attributable royalty revenue is expected to be approximately $66.9 million ($1.56 per share) which compares to $46.7 million ($1.08 per share) during the abbreviated previous year comparable period. Summary of attributable royalty revenue Three months ended December 31, 12 months ended December 31, 8 months ended December 31, (in thousands of Canadian dollars) 2018 2018 2017 Base metals 7,388 29,209 20,808 Potash 3,695 14,023 7,365 Thermal (electrical) coal 3,064 13,119 9,465 Iron ore (1) 2,097 5,911 6,116 Metallurgical coal 859 3,227 1,466 Other royalties and interest 388 1,434 1,527 Attributable royalty revenue 17,491 66,923 46,747 See non-IFRS measures section of this MD&A for definition and reconciliation of attributable revenue (1) LIF dividends received The results, which are consistent with the mid range of guidance, were positively impacted by higher potash prices and production volumes and higher metallurgical coal volumes. These factors were negatively offset by the election of Labrador Iron Ore Royalty Corporation (LIORC) to withhold an unusual amount of its free cash flows from shar...