Altius Minerals Corporation (ALS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Morning, ladies and gentlemen, and welcome to the LTS Minerals Q3 conference call and webcast. At this time, all lines are in lesson-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for an operator. This call is being recorded on Wednesday, November 12, 2025. And I would now like to turn the conference over to Ms. Flora Wood. Thank you. Please go ahead. Thank you, Ina. Good morning, everyone, and welcome to our Q3 conference call. Our press release and interim filings were released yesterday after the close and are available on our website. This event is being webcast live, and you'll be able to access or replay the call along with the presentation slides that are on our website at altiusminerals.com. Brian Dalton, CEO, and Stephanie Hussey, CFO, are our speakers for the call. You've heard Stephanie before when she substituted for Ben, but this quarter I'm proud to introduce her as CFO. Now on forward-looking statements. The forward-looking statement on slide two applies to everything we say in our formal remarks and during the Q&A. And with that, Stephanie is up first. Thank you, Flora, and good morning, everybody. Yesterday, we reported Q3 net earnings of $265 million, or $5.72 per share, which reflects the $340 million gain on the sale of the Arthur Gold royalty, as well as reflecting higher royalty revenues. G&A costs are up slightly related to one-time retirement payments, and moving forward, we can expect a reduction in base salary costs of approximately 40%. The corporation also recognized the $64 million gain in other comprehensive earnings following the Origin triple flag plan of arrangement. Altius received cash of $29.5 million, tri...