Altius Minerals Corporation Reports Quarterly Attributable Revenue of $9,785,000 and Adjusted EBITDA of $7,141,000
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 09/10/15 -- Altius Minerals Corporation ("Altius" or the "Corporation") (TSX: ALS) reports attributable revenue(1) of $9,785,000, adjusted EBITDA(1) of $7,141,000 and a net loss of $1,632,000 or ($0.04) per share for the quarter ended July 31, 2015 compared to attributable revenue(1) of $7,218,000, adjusted EBITDA(2) of $5,061,000 and a net loss of $8,102,000 for same period last year. The current period results were positively affected by royalty revenues from Altius' newly acquired 777 royalty of $2,531,000 (as part of the May 2015 Callinan Royalties Corporation ("Callinan") Plan of Arrangement) as well as Prairie Royalties and Voisey's Bay of $5,753,000 and $677,000 respectively. Revenues were offset by severance costs of $1,300,000 directly related to the acquisition of Callinan and some other non-cash charges such as amortization of royalty interests of $1,827,000.
Altius' CFO Ben Lewis commented, "We are pleased to see continued strong revenues across the royalty portfolio in spite of this very challenging resources market. With the addition of the 777 royalty to our portfolio, we now have 13 producing high quality, Canadian based royalties that cover a broad spectrum of commodities. In addition, approximately 37% of our royalty revenue is based on an inflation-indexed x tonnage multiplier, and is therefore insulated from the commodity price turmoil that we are currently experiencing. We continue to evaluate growth opportunities that this cyclical sector is presenting."
A summary of the financial results is included in the following table.
Additional information on the Corporation's results of operations is included in the Corporation's 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 and adjusted EBITDA 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
Toll Free: 1-877-576-2209
709-576-3441 (FAX)
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Datum: 10.09.2015 - 12:14 Uhr
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News-ID 419187
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ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
Kategorie:
Mining & Metals
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