Fitzroy River Corp. Ltd. (AU:FZR) has released an update.
Fitzroy River Corporation Ltd reported a decrease in royalty income with $152,726 for the December 2023 quarter and a total of $716,906 for the year, down from the previous year’s earnings. The company announced no income from the Buru Royalty due to suspended operations and highlighted progress on various mining projects, including the upcoming completion of studies and a final investment decision on the Bowden’s Silver Project slated for late 2024. Risks to the company’s financials include global oil price volatility and regional instability affecting royalty receipts.
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