Business
Star Royalties Reports Q3 2021 Results
(TheNewswire) All amounts are in U.S. dollars unless otherwise indicated. ...
About this update from Star Royalties Ltd
[{"type":"text","content":"Star Royalties Reports Q3 2021 Results\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n All amounts are in U.S. dollars unless otherwise\nindicated.\n \n \n \n \n N\n \n \n ovember\n \n \n 24, 2021 –\n \n \n TheNewswire -\n \n \n T\n \n \n oronto\n \n \n , ON - Star Royalties\nLtd.\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Star Royalties\n \n \n ”) (TSXV:STRR\n \n \n ) (\n \n \n OTC:STRFF) is pleased to report its financial results for the\nthird quarter ended September 30, 2021.\n \n \n \n \n Summary of Q3 2021 Results\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Quarter ended\n \n \n \n \n September 30,\n \n \n \n \n 2021\n \n \n \n \n \n \n Quarter ended\n \n \n \n \n September 30,\n \n \n \n \n 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n \n $            225,458\n \n \n \n \n \n \n $             -\n \n \n \n \n \n \n \n \n Net loss\n \n \n \n \n \n \n (397,609)\n \n \n \n \n \n \n (135,365)\n \n \n \n \n \n \n \n \n Basic and diluted loss per share\n \n \n \n \n \n \n (0.01)\n \n \n \n \n \n \n (0.01)\n \n \n \n \n \n \n \n \n Cash flow from operating activities\n \n \n \n \n \n \n (92,758)\n \n \n \n \n \n \n (95,504)\n \n \n \n \n \n \n \n \n Cash flow from investing activities\n \n \n \n \n \n \n (10,339,476)\n \n \n \n \n \n \n (53,855)\n \n \n \n \n \n \n \n \n Cash flow from financing activities\n \n \n \n \n \n \n -\n \n \n \n \n \n \n 11,253,213\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For complete details, please refer to the Condensed\nInterim Financial Statements and associated Management Discussion and\nAnalysis for the three and nine months ended September 30, 2021,\navailable on SEDAR at\n \n \n \n www.sedar.com\n \n \n \n or on the Company’s website at\n \n \n \n www.starroyalties.com\n \n \n \n .\n \n \n \n \n Alex Pernin, Chief Executive Officer of Star Royalties,\ncommented: “We are pleased to report that our Keysbrook royalty\ncontinues to exceed our revenue expectations. In the third quarter of\n2021, we announced a transformative royalty acquisition on the Elk\nGold mine. This investment represented imminent cash flow in a\ntier-one jurisdiction from a high-margin gold mine. The Elk Gold\nroyalty acquisition allowed our portfolio to beco...