Altius Minerals Sees Significant Growth in Junior Equities Portfolio and Strategic Investments

Altius Minerals ( (TSE:ALS) ) has issued an update.

Altius Minerals Corporation reported a significant increase in the market value of its junior equities portfolio, reaching $60.4 million by the end of 2024, compared to $45.1 million the previous year. The company generated $26.4 million in proceeds through the monetization of certain equities, using $11.3 million for further investments, notably in Orogen Royalties Inc., and supporting its share buyback program. Altius continues to benefit from its strategic alliance with Orogen, with key developments at the Ermitano gold mine and the Silicon project in Nevada. Additionally, the acquisition of Adventus Mining Corp. by Silvercorp Metals positions Altius to benefit from future copper-gold production in Ecuador, while it maintains interests in other promising projects like Canstar’s Golden Baie and Tru Precious Metals’ Golden Rose in Newfoundland.

More about Altius Minerals

Altius Minerals Corporation operates within the mining industry, focusing on project generation and royalty interests. The company is engaged in the acquisition and management of mineral properties, with a particular emphasis on generating royalties from mining projects. Altius also maintains a portfolio of junior equities, demonstrating its involvement in various exploration and development ventures across multiple jurisdictions.

YTD Price Performance: -0.26%

Average Trading Volume: 80,990

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$1.24B

See more data about ALS stock on TipRanks’ Stock Analysis page.