A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Precious metals royalty company Elemental Altus Royalties yesterday announced record revenue of $2.6 million in Q2 2023, up 25% compared to Q2 2022.
Elemental also said it generated record gold equivalent ounces of 2,377 ounces in Q2 2023, up 109% compared to Q2 2022, adding it expects to achieve previously announced guidance of 9,000 to 10,200 GEOs, weighted towards the second half of the year. “The royalty in Mali in particular offers the potential for near-term revenue at Allied’s adjacent Sadiola gold mine and we look forward to adding further royalties to the portfolio in the second half of the year,” it said.