Altus reaps Newcrest acquisition reward with higher first-quarter royalty revenues
Since acquiring a portfolio of royalties from Newcrest Mining, Aim- and TSX-V-listed Altus Strategies has generated copper and gold royalty revenues of $1.7-million (pre-tax) in the first quarter of this year.
Altus currently owns 33 royalty interests, including royalties on four producing mines – the Chile-based Caserones copper mine, the Australia-based South Kalgoorlie operations and the Ballarat gold mines, and the Côte d’Ivoire-based Bonikro gold mine.
Altus also has 27 project interests across nine countries and nine metals.
In addition, Altus is reviewing numerous strategic royalty acquisition opportunities.
CE Steven Poulton says the “exceptional” performance reflects the transformative royalty acquisitions the company has completed since August 2021, as well as the continued strong demand for copper and gold.
“Our experienced technical teams are actively advancing numerous prospective gold and base metal projects across Africa as part of our high-impact ‘boots on the ground’ royalty generation strategy,” he notes.
As such, Poulton says Altus’ hybrid approach, which combines royalty acquisition with organic royalty generation, differentiates it from other royalty groups and provides Altus shareholders with an enhanced blend of short-term income and long-term capital growth potential.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation