Lowell Resources Fund Announces Soaring Profits

Lowell Resources Fund (AU:LRT) has released an update.

Lowell Resources Fund reports a significant profit increase for 2024, with net accounting profits soaring by 2406.18% despite a 5.33% decrease in net assets. The Fund’s revenue from continuing operations more than doubled compared to the previous year, and while gold remains their largest commodity exposure, they’ve seen a downturn in lithium and nickel investments. The Fund declares a distributable income of nearly $5 million, with an option for unitholders to reinvest their income through a Distribution Reinvestment Plan.

For further insights into AU:LRT stock, check out TipRanks’ Stock Analysis page.