Altius Mnrls Stock Price, News & Analysis

Altius reported attributable royalty revenue of $20.8 million for Q3 2021, a 28% increase from Q3 2020. Year-to-date revenue reached $60.5 million, up 33% year-over-year. Adjusted EBITDA for the quarter was $16.9 million with an 81% margin. Net earnings were $9.76 million versus a loss of $39.79 million in Q3 2020. Cash and equivalents increased to $100.1 million. The board declared a quarterly dividend of $0.07 per share, payable on December 15, 2021. The company continues to focus on enhancing shareholder value through debt reduction and dividends.

Altius Minerals Corporation (ATUSF) anticipates quarterly royalty revenue of approximately $20.7 million ($0.50 per share) for Q3 2021, up from $16.2 million in Q3 2020 but down from $21.9 million in Q2 2021. Key revenue contributions include $8.2 million from base metals, $6.0 million from iron ore, and $3.8 million from potash. The upcoming financial results will be released on November 10, 2021, followed by a conference call on November 11, 2021.

Altius Minerals Corporation (ATUSF) reported a decline in its market value of equities to approximately $51.2 million as of September 30, 2021, down from $64.5 million at June 30, 2021. The decrease included $9.1 million in equity sales and new investments. The company received 10,089,199 common shares from Chesterfield Resources in exchange for its Adeline copper project in Labrador. Notable developments included Adventus Mining's ongoing feasibility study and Surge Copper's new drilling results. Altius maintains royalties on several projects and continues its Project Generation business.

Altius Minerals Corporation (ATUSF) has renewed its Normal Course Issuer Bid (NCIB) to purchase up to 1,642,612 shares, representing 3.96% of its outstanding shares as of August 18, 2021. The NCIB will commence on August 22, 2021, and end by August 21, 2022, pending regulatory approval. The board believes the shares are undervalued compared to anticipated cash flows, making this buyback an appropriate use of funds. Previously, from August 2020 to August 2021, Altius bought 477,400 shares at an average price of $15.55, with a maximum of 1,622,920 shares allowed.

Altius Minerals Corporation (ATUSF) reported Q2 2021 attributable royalty revenue of $21.9 million or $0.53 per share, representing a 23% increase from Q1 2021 and a 68% rise year-over-year. Adjusted EBITDA was $17.7 million ($0.43 per share), up 21% from Q1 2021. The Corporation declared a 40% increase in its quarterly dividend to $0.07, payable on or about September 15, 2021.

Cash and cash equivalents stood at $115.9 million. Altius anticipates continued growth in revenue from its diversified portfolio.

Altius Minerals Corporation (ATUSF) has provided an update on its Project Generation and junior equities portfolio. As of June 30, 2021, the portfolio's market value reached approximately $64.5 million, a rise from $54.2 million in March. Notable transactions included the acquisition of shares from Champion Iron Limited and TRU Precious Metals Corp. The company announced additional equity fundraising of $68 million in Q2 2021. Overall, Altius focuses on creating shareholder growth through diverse royalty assets, aligning with sustainability trends in the mining sector.

Altius Minerals Corporation (ATUSF) held its Annual General Meeting on May 12, 2021, where shareholders approved all resolutions, including the election of directors with 98% support. The voting participation was 56%. Notable results include:

• Appointment of Deloitte LLP as auditors with 99.55% approval.
• Directors elected: Nicole Adshead-Bell (99.01%), Teresa Conway (99.69%), John Baker (99.12%), Brian Dalton (99.81%), and more.
• ‘Say on Pay’ resolution passed with 97.30% support.

Altius aims for growth through a diversified portfolio aligned with sustainable global trends.

Altius Minerals Corporation (ATUSF) reported a notable increase in attributable royalty revenue of $17.8 million for Q1 2021, reflecting a 9% rise from $16.3 million in Q1 2020. Adjusted EBITDA rose 15% to $14.6 million, achieving an impressive 82% margin. However, adjusted operating cash flow declined 33% to $8.8 million due to tax timing issues. Net earnings reached $11.8 million with adjusted earnings of $6.3 million, up from $3.4 million in the same quarter last year. The company allocated capital towards debt repayments, dividends, and share buybacks during the quarter.

Altius Minerals Corporation (ATUSF) expects to report approximately $17.7 million in attributable quarterly royalty revenue for Q1 2021, up from $16.3 million in Q1 2020. Base metal revenue reached $7.6 million, while potash and thermal coal revenues were $4.0 million and $2.9 million, respectively. Iron ore revenue improved significantly to $2.9 million compared to $1.0 million last year. The upcoming financial results release is scheduled for May 11, 2021, followed by a conference call on May 12, 2021.