International news within the industry of mining and metal, Sep, 22 2017
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Altius Minerals reports new quarterly royalty record

Quebec mineral processing facility in Montreal. Photo: Life of Pix
Quebec mineral processing facility in Montreal. Photo: Life of Pix
Published by
Markku Björkman - 29 Aug 2017

Altius Minerals Corporation (“Altius”) reports that it will release financial results for its first quarter
ended July 31, 2017 on Thursday, September 14, after the close of market.

Altius’ directly and indirectly held diversified royalties and streams generate revenue from 15 operating mines. These are located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash and thermal (electrical) and metallurgical coal. The portfolio also includes numerous pre-development stage royalties covering a wide spectrum of mineral commodities and jurisdictions. 

Altius expects to report attributable royalty revenue1 of approximately $14.8 million for the first quarter ended July 31, 2017. This represents a new quarterly royalty record that is 10.4% higher than the immediately prior fiscal quarter and is 78% higher than the comparable quarter of the prior fiscal year.

The increases are largely due to improving base metal, metallurgical coal and iron ore prices and slightly
improved potash production volumes and prices.

Source: Altius Minerals Corporation