Elemental Royalties Corp. (TSE:ELE) has released an update.
Elemental Altus Royalties Corp. projects a significant revenue increase in 2024, aiming for their seventh consecutive year of record revenues, with expectations to reach 10,000 to 11,700 Gold Equivalent Ounces and an Adjusted Revenue of US$20.0 to US$23.3 million. This growth is anticipated to stem from organic royalty revenue, particularly from the Diba and Bonikro royalties operated by Allied Gold. The company’s CEO, Frederick Bell, credits this success to a strategically diversified portfolio and looks forward to continued expansion and shareholder value generation.
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