Altius expects to report Q1 2023 attributable royalty revenue of C$21.4 million Altius
- Royalty firm Altius Minerals said today it expects to report Q1 2023 attributable royalty revenue of C$21.4 million .
Base and battery metal revenue of C$4.9 million was similar to the prior quarter but lower than the year ago comparable quarter based mainly upon the scheduled closure of the 777 mine in Q2 2022 and lower revenue from Chapada, which was enhanced by the timing of sales in the comparable prior year quarterly period.
The company explained that the increase related to a higher share ownership level while both the current and comparable period quarters were impacted by increased levels of sustaining and growth capital investments that limited IOC equity dividends. The company's renewable energy proportionate royalty revenue of C$1.3 million compares to C$772,000 recorded in the same period last year.
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