Altius Minerals Corporation (ALS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Altius Minerals Q1 2025 Financial Results Conference Call. At this time, note that all phone participants are in a listen-only mode. Following the presentation, we will conduct a question and answer session. And if at any time during this call you require immediate assistance, please press star zero for the operator. Also note that this call is being recorded today, Wednesday, May 14, 2025. And I would like to turn the conference over to Flora Wood. Please go ahead. Thank you, Sylvie. Good morning, everyone, and welcome to our Q1 2025 conference call. Our press release and quarterly filings came out yesterday after the close and are available on our website. This event is being webcast live, and you'll be able to access a replay of the call along with the presentation slides on both the homepage and on the investor page. at altiusminerals.com. I'll also point out that we have a more extensive presentation in a couple hours for our annual general meeting. You'll also see that on our website, and it has an open conference call for live questions. Brian Dalton, CEO, and Ben Lewis, CFO, will both be speakers on this call. The forward-looking statement on slide two applies to everything we say, both in our formal remarks and during the Q&A. And with that, I'll turn over to Ben. Thank you, Flora. And good morning, everyone. Royalty revenue for Q1 2025 is $15 million compared to $15.4 million in Q1 2024. Adjusted EBITDA for the three months ended March 31st, 2025 is $9.5 million compared to $10.9 million in the prior year quarter. In the current quarter, both revenue and adjusted EBITDA reflected higher base metal prices and copper deliveries from Chapada, higher dividends from iron ore, as well as the growth of the ren...