Altius Minerals Corporation (TSX: ALS) Reports Annual Net Loss of $4,611,000
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwire) -- 06/27/12 -- Altius Minerals Corporation ("Altius") (TSX: ALS) reported net loss attributable to common shareholders of $4,611,000 or ($0.17) per share for the year ended April 30, 2012 compared to net earnings of $70,313,000 for the same period last year. The current year was affected primarily by the losses in the share of associates and a general decline in the market value of investments. The previous year's earnings included a pre-tax gain of $84,675,000 recorded on the sale of the Corporation's Kami property to Alderon Iron Ore Corporation ("Alderon").
A summary of the financial results is included in the following table.
The Corporation saw significant progress on its wholly owned and partner-funded project interests during the year, particularly in the Labrador West iron ore mining district. Additional information on the Corporation's results of operations is included in the Corporation's MD&A, Financial Statements, and Annual Information Form, which were filed on SEDAR today and are also available on the Company's website at .
About Altius
Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. Altius has a strong financial position with total assets of approximately $300 million, including $162 million in cash and marketable securities. It has also built a portfolio of directly and indirectly held junior resource investments, including 32.9 million shares of Alderon. (TSX: ADV).
Altius owns a 3% gross sales royalty on the Kami iron ore project of Alderon, an effective 0.3% net smelter return royalty on the producing Voisey's Bay nickel-copper-cobalt mine, a 2% gross sales royalty on uranium in the Central Mineral Belt project of Paladin Energy Limited, and several earlier stage resource project royalties. Its growing project generation pipeline consists of a diversified portfolio of exploration projects, many of which it have attracted joint venture funding partners.
Altius is a member of the S&P/TSX Global Mining Index and currently has 28,760,428 shares outstanding.
Contacts:
Ben Lewis or Chad Wells
1.877.576.2209.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.06.2012 - 13:47 Uhr
Sprache: Deutsch
News-ID 160546
Anzahl Zeichen: 0
contact information:
Town:
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 201 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Altius Minerals Corporation (TSX: ALS) Reports Annual Net Loss of $4,611,000"
steht unter der journalistisch-redaktionellen Verantwortung von
Altius Minerals Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
