Altius Minerals Corporation (TSX: ALS) Reports Annual Attributable Revenue of $33,085,000 and Adjusted EBITDA of $25,499,000; Declares Quarterly Dividend
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 06/23/16 -- Altius Minerals Corporation ("Altius" or the "Corporation") (TSX: ALS) reports annual attributable revenue(1) of $33,085,000 or $0.83 per share and adjusted EBITDA(2) of $25,499,000 or $0.64 per share compared to attributable revenue of $28,808,000 or $0.90 per share and adjusted EBITDA of $22,881,000 or $0.71 per share for last year. The increases are largely attributable to growth in base metals royalty revenue as a result of the addition of the 777 Mine royalty to the Corporation's portfolio.
A net loss of $38,464,000 or $0.97 per share for the year ended April 30, 2016 compares a net loss of $30,211,000 or $0.94 per share for last year. The net loss is largely attributable to non-cash impairment charges on goodwill of $16,402,000, investment carrying values of $10,943,000, and the write-down of mineral properties of $5,723,000.
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 .
The Corporation also wishes to confirm that its board of directors has declared a cash dividend on its common shares of three cents per common share to all shareholders of record at the close of business on July 6, 2016. The dividend is expected to be paid on or about July 20, 2016.
The declaration, timing, and payment of future dividends will largely depend on the Company's financial results as well as other factors. Dividends paid by Altius are eligible dividends for Canadian income tax purposes unless otherwise stated.
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
About Altius
Altius diversified royalties and streams generate revenue from 14 operating mines largely located throughout Canada, and more recently Brazil, from copper, zinc, nickel, cobalt, precious metals, potash and thermal (electrical) and metallurgical coal. The portfolio also includes numerous pre-development stage royalties covering a wide spectrum of mineral commodities and jurisdictions.
Altius has 43,410,902 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
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Datum: 23.06.2016 - 13:24 Uhr
Sprache: Deutsch
News-ID 479654
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ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
Kategorie:
Mining & Metals
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