Altius Minerals ( (TSE:ALS) ) has shared an update.
Altius Minerals Corporation reported a decrease in its full-year revenue for 2024, totaling $58.2 million compared to $69.0 million in 2023, with attributable royalty revenue also declining to $64.0 million from $69.4 million the previous year. Despite the revenue drop, the company experienced growth in its renewable royalty portfolio and benefited from higher base metal prices and increased potash sales, although these were offset by lower coal revenue due to the closure of the Genesee Mine. The company also recognized a significant gain from the sale of shares in Altius Renewable Royalties Corp, highlighting its strategic focus on enhancing portfolio value through various projects, including those in the copper-gold and lithium sectors.
More about Altius Minerals
Altius Minerals Corporation is a company engaged in the mining industry, focusing on royalty interests in base and battery metals, potash, renewable energy, iron ore, and thermal coal. The company is listed on the Toronto Stock Exchange and OTCQX, with a market focus on leveraging its diverse portfolio to capitalize on commodity price movements and the growth of renewable energy projects.
YTD Price Performance: -7.83%
Average Trading Volume: 103,812
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.14B
For a thorough assessment of ALS stock, go to TipRanks’ Stock Analysis page.
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