Altius Minerals Corporation (“Altius” or the “Corporation”) expects to report Q2 2024 attributable royalty revenue(1) of $21.8 million.
Base and battery metals (primarily copper) revenue of $5.5 million for the quarter reflects higher realized prices as well as higher copper stream deliveries from Chapada.
The Corporation's preliminary cost of sales related to the Chapada copper stream, excluding any depletion for the quarter, is $1.6 million.
Potash portfolio revenue during the second quarter was $4.8 million on slightly lower production volumes and prices.
Iron ore royalty revenue in the form of dividends from Labrador Iron Ore Royalty Corp., which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of Canada, was $4.1 million, resulting from a higher IOC dividend.
Renewable energy royalty revenue at Altius Renewable Royalties Corp. ("ARR") of $2.1 million reflects the continuing ramp up of operational stage portfolio projects and includes $0.7 million of investment income generated in its joint venture. The Corporation owns 58% of ARR.
Interest and other revenues includes $3.7 million in investment income related to the settlement of a loan receivable with Adventus Mining Corp.
