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Elemental Royalty Corp
NASDAQ:ELE

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Elemental Royalty Corp
NASDAQ:ELE
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Price: 19.78 USD 15.54%
Market Cap: $1.3B

Elemental Royalty Corp
Investor Relations

Elemental Royalty Corp is a CA-based company operating in Metals & Mining industry. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2008-02-29. Elemental Royalty Corp, formerly Elemental Altus Royalties Corp, is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 16 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by mining partners. Its royalties include Karlawinda Gold Project, Ballarat Gold Mine, Wahgnion Gold Mine - Burkina Faso; Bonikro Gold Mine - Cote d’Ivoire; Mercedes Gold-Silver Mine - Mexico; Amancaya Gold-Silver Mine - Chile; Mount Pleasant Copper Project - Canada, and Casual royalty interests in Mauritania and Bolivia. Karlawinda Gold Project is a large-scale open pit mine located in the Pilbara region of Western Australia. The mine is 70 kilometers (km) by road south-east of the town of Newman. Ballarat is an underground gold mine located 115 km northwest of Melbourne in Ballarat, Victoria, Australia. Wahgnion mine is located 510 km southwest of the capital city Ouagadougou, within the Paleoproterozoic Birimian Senoufo Belt.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 25, 2026
AI Summary
Q4 2025

Record performance: Elemental reported a record combined year with adjusted EBITDA of $35.0 million and operating cash flow of $34.0 million, driven by the merger and strong royalty cash flows.

Portfolio scale: The merged company now has almost 300 mineral property assets (28 advanced, 18 cash‑flowing) and a gold‑focused revenue mix (≈60% of income from gold).

Liquidity & balance sheet: Ending cash of $53.1 million, working capital of $80 million, and a newly upsized $150 million credit facility with National Bank, CIBC and Scotia.

Dividend & crypto option: Inaugural dividend announced at $0.12 per share annually ($0.03 quarterly); shareholders can elect payment in XAUt tokens under limited conditions (registered holders on Computershare or institutional holders with an Ethereum wallet).

Near-term growth catalysts: Multiple producing and near‑term production assets highlighted — Timok, Caserones, Karlawinda, Laverton and Dugbe — plus ~200 earlier‑stage royalties that create discovery optionality.

Acquisitions & backing: Tether invested $100 million and now holds ~32% of the company; Dugbe royalty bought for $16.5 million (2%–2.5% royalty) is expected to be a significant near‑term cash contributor.

2026 operational guide: GEO guidance of 17,000–21,000 for 2026 (management notes conservatism and transitional effects like oxide→sulfide shifts at some assets).

Cost and tax outlook: Management expects 2026 effective tax rate around 20%, DD&A roughly $1,500/oz (to be refined in Q1), and a longer‑term adjusted EBITDA margin target nearer 75%.

Key Financials
Adjusted revenue (reported period)
$49.2 million
Pro forma combined adjusted revenue (if merged Jan 1)
$87.2 million
GEOs (current year)
14,285 GEOs
Adjusted EBITDA
$35.0 million
Operating cash flow
$34.0 million
Cash (period end)
$53.1 million
Working capital
$80 million
Credit facility
$150 million
Quarterly dividend
$0.03 per share (annual $0.12)
G&A (full year)
$16.5 million
G&A (Q4)
$9.8 million
Royalty generation expense (Q4)
$1.0 million
Adjusted revenue (Q4)
$17.2 million
Caserones royalty
1.3% royalty (company co‑owns with Franco‑Nevada and Royal Gold)
Leeville royalty
1% royalty
Bonikro royalty
4.5% NSR
Dugbe acquisition price
$16.5 million
Tether placement
$100 million
Timok production rate (recent)
15,000 tonnes (from 13,000 tonnes)
Karlawinda expansion
50% increase in throughput; ~30% increase in gold equivalent ounces
Tax rate (expected 2026)
about 20%
DD&A
around $1,500 per ounce (preliminary)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Frederick Augustus Ronald Peter McMillan Bell
President & COO
No Bio Available
Mr. David Christopher Baker
Chief Investment Officer
No Bio Available
Mr. Juan Jose-Pineyro Sartori CFA
Executive Chairman
No Bio Available
Mr. David Morrell Cole P.Geo.
CEO & Director
No Bio Available
Mr. Stefan Lawrence Wenger CPA
Chief Financial Officer
No Bio Available
Mr. Richard Evans
Senior Vice President of Technical
No Bio Available
Mr. David Gossen
Chief Legal Officer
No Bio Available
Ms. Rocio Echegaray
Corporate Secretary
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
905-815 W. Hastings St.
Contacts
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