Altius Minerals Corporation Reports Quarterly Attributable Revenue of $7,301,000 and Adjusted EBITDA of $6,273,000
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 03/16/16 -- Altius Minerals Corporation ("Altius" or the "Corporation") (TSX: ALS) reports attributable revenue (1) of $7,301,000 and adjusted EBITDA (2) of $6,273,000, or $0.16 per share, for the quarter ended January 31, 2016. This compares to attributable revenue of $7,583,000 and adjusted EBITDA of $5,200,000, or $0.16 per share, for the corresponding period last year.
A net loss of $16,794,000, or ($0.42) per share was recorded during the quarter resulting largely from non-cash asset impairments of $17,773,000. This compares to a net loss of $5,701,000 and ($0.18) per share, in the prior year corresponding quarter.
For the nine months ended January 31, 2016, the Corporation has attributable revenue of $25,620,000, adjusted EBITDA of $20,143,000, or $0.51 per share, and a net loss of $18,476,000, or ($0.46) per share. In the corresponding period in the prior year, the Corporation had attributable revenue of $21,827,000, adjusted EBITDA of $17,954,000, or $0.56 per share and a net loss of $39,150,000.
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.
Reconciliations to IFRS measures
Attributable revenue
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 39,832,102 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
Toll Free: 1.877.576.2209
Altius Minerals Corporation
Chad Wells
Toll Free: 1.877.576.2209
709.576.3441 (FAX)
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Datum: 16.03.2016 - 12:48 Uhr
Sprache: Deutsch
News-ID 457887
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ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
Kategorie:
Mining & Metals
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