Altius Minerals Corporation Reports Quarterly Attributable Revenue of $8,534,000 and Adjusted EBITDA of $6,729,000
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 12/10/15 -- Altius Minerals Corporation ("Altius" or the "Corporation") (TSX: ALS) reports attributable revenue(1) of $8,534,000, adjusted EBITDA(1) of $6,729,000 and a net loss of $1,140,000 or ($0.03) per share for the quarter ended October 31, 2015 compared to attributable revenue(1) of $7,027,000, adjusted EBITDA(2) of $7,693,000 and a net loss of $25,348,000 for same period last year. Year to date, the Corporation has attributable revenue of $18,319,000, adjusted EBITDA of $13,868,000 and net loss of $1,682,000.
The current period results were positively affected by royalty revenues from Altius' newly acquired 777 royalty of $2,361,000 as well as Prairie Royalties and Voisey's Bay of $5,077,000 and $372,000, respectively. Revenues were offset by non-cash charges such as amortization of royalty interests of $1,829,000 and equity losses of $1,002,000 and impairment losses of $1,695,000 in the Corporation's investment in Alderon.
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 nickel, copper, zinc, cobalt, gold, silver, potash, thermal (electrical) and metallurgical coal. 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
1.877.576.2209
Altius Minerals Corporation
Chad Wells
1.877.576.2209
709.576.3441 (FAX)
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Datum: 10.12.2015 - 13:53 Uhr
Sprache: Deutsch
News-ID 438862
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Town:
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
Kategorie:
Mining & Metals
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