Altius Minerals Corp
TSX:ALS
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Altius Minerals Corp
Altius Minerals Corp. explores and develops mineral properties. The company is headquartered in St. Johns, Newfoundland And Labrador. The company holds royalty interests in approximately 12 operating mines that produce copper, zinc, nickel, cobalt, potash, iron ore and thermal (electrical) coal. The firm operates through three segments: Mineral Royalties, Project Generation and Renewable Royalties. Its Mineral Royalties segment consists of the acquisition and management of producing and development stage royalty and streaming interests. Its Project Generation segment consists of acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. Its Renewable Royalties segments consists of majority interest holding in publicly traded ARR, which is focused on the acquisition and management of renewable energy investments and royalties.
Altius Minerals Corp. explores and develops mineral properties. The company is headquartered in St. Johns, Newfoundland And Labrador. The company holds royalty interests in approximately 12 operating mines that produce copper, zinc, nickel, cobalt, potash, iron ore and thermal (electrical) coal. The firm operates through three segments: Mineral Royalties, Project Generation and Renewable Royalties. Its Mineral Royalties segment consists of the acquisition and management of producing and development stage royalty and streaming interests. Its Project Generation segment consists of acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. Its Renewable Royalties segments consists of majority interest holding in publicly traded ARR, which is focused on the acquisition and management of renewable energy investments and royalties.
Strong Earnings: Altius Minerals reported Q3 net earnings of $265 million, or $5.72 per share, mainly boosted by a $340 million gain from the sale of the Arthur Gold Royalty.
Balance Sheet Boost: The company’s liquidity reached approximately $540 million following significant transactions, including cash proceeds and asset sales.
Royalty Revenue: Higher royalty revenues were driven by increased potash volumes and prices, higher copper deliveries, and interest income, despite lower iron ore income.
Cost Reduction: G&A costs rose due to one-time retirement payments, but base salary costs are expected to drop by about 40% going forward.
Capital Deployment: Management is evaluating how to deploy the cash windfall, signaling patience and discipline, with buybacks and new royalty investments both under consideration.
Renewable Royalty Growth: The renewables business remains well-funded, with increasing market activity and new project opportunities expected to drive continued portfolio growth.
Dividend and Buybacks: A quarterly dividend of $0.10 per share was declared, and share buybacks continued with 52,000 shares repurchased in the quarter.
