Altius Minerals Corporation Reports Annual Attributable Revenue of $28,808,000 and Net Loss of $30,211,000
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 06/25/15 -- Altius Minerals Corporation ("Altius" or the "Corporation") (TSX: ALS) reports attributable revenue(1) of $28,808,000 and a net loss attributable to common shareholders of $30,211,000 or ($0.94) per share for the year ended April 30, 2015 compared to attributable revenue(1) of $6,236,000 and a net loss of $22,565,000 for last year. The current year results were affected by royalty revenues from Prairie Royalties and Voisey's Bay of $23,604,000 and $2,523,000 respectively, and adjustments to carrying values of $43,613,000 were recognized, primarily related to the Corporation's investment in Alderon Iron Ore Corp ("Alderon").
A summary of the financial results is included in the following table.
Subsequent Event:
On May 5, 2015, Altius and Callinan Royalties Corporation ("Callinan") announced the completion of a plan of arrangement whereby Altius acquired all of the issued and outstanding common shares of Callinan (the "Arrangement"). Pursuant to the Arrangement, each former Callinan shareholder received 0.163 of an Altius common share and C$0.203 in cash for each Callinan common share held. The Corporation paid $9,431,775 in cash and issued 7,573,297 common shares to the shareholders of Callinan under the Arrangement. In addition, there are 326,000 common shares reserved for outstanding warrants in the event the warrants are exercised. Callinan holds a 4% net smelter royalty return ("NSR") on the 777 mine in Flin Flon, Manitoba and numerous other exploration stage royalties and related alliances.
Additional information on the Corporation's results of operations is included in the Corporation's Annual Information Form, MD&A, and Financial Statements, which were filed on SEDAR today and are also available on the Corporation's website at .
Non-IFRS Measures
Attributable revenue is intended to provide additional information only and do not have any standardized meaning prescribed under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently. For a reconciliation of these measures to various IFRS measures, please see below.
About Altius
Altius is a diversified mining royalty company with royalty interests in 13 producing mines located in Canada. The royalty interests include mining operations that produce thermal (electrical) and metallurgical coal, potash, nickel, copper, zinc, cobalt, gold and silver. Altius holds other significant pre-development stage royalties and its project generation pipeline contains a diversified portfolio of exploration stage projects and royalties, many of which are being advanced through various partner-funding arrangements.
Altius has 39,932,102 shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
Contacts:
Altius Minerals Corporation
Ben Lewis or Chad Wells
1.877.576.2209
709.576.3441 (FAX)
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Datum: 25.06.2015 - 12:16 Uhr
Sprache: Deutsch
News-ID 402957
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ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
Kategorie:
Mining & Metals
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