Altius Reports First Quarter Attributable Royalty REVENUE1 of $15.7M
Date:
Ticker Symbol:
18-April-2018
ALS.TSX
Civic Address:
Altius Minerals Corporation
Suite 202, 66 Kenmount Road
St. John’s, NL, A1B 3V7, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
ALTIUS REPORTS FIRST QUARTER ATTRIBUTABLE ROYALTY REVENUE1 OF $15.7M
St. John’s – TSX: ALS Altius Minerals Corporation (“Altius” or the “Corporation”) reports that it will release financial results
for its first quarter of 2018 on May 14, 2018 after the close of market. The Q1 2018 results will be presented in comparison
with the three month period ended April 30, 2017 as a result of the recent conversion to a calendar year end.
Altius expects to report attributable royalty revenue1 of approximately $15.7 million for the three month period ended March
31, 2018, which is 17% higher compared to $13.4 million reported in the quarter ended April 30, 2017. Previously updated
royalty revenue guidance for the year remains at $64 - $69 million, reflecting a higher 91.3% interest in the potash royalties
that became effective March 23, 2018 and that will more fully impact subsequent quarters.
The first quarter results experienced growth from all commodity segments on a year over year comparable quarter basis.
Royalty r evenues benefited particularly from stronger production results from Chapada during its typically slower rainy
season, production volume and price growth at the Rocanville potash mine, and a return to higher royalties from the
Sheerness coal operation as mine sequencing has migrated to higher royalty paying lands. The Labrador Iron Ore Royalty
Corporation paid only a minimal dividend above its base rate, as the Iron Ore Company of Canada was impacted by labour
disruption. Additional details relating to individual royalty performances will be provided with the release of full financial
results.
Summary of attributable royalty revenue
Three months ended
March 31
Three months ended
April 30 Change
(in thousands of Canadian dollars) 2018 2017
Base metals 7,189 6,283 14%
Thermal (electrical) coal 4,099 3,710 11%
Potash 2,228 1,613 30%
Iron ore (2) 1,103 854 29%
Metallurgical coal 757 683 11%
Coal bed methane and interest 311 235 32%
Attributable royalty revenue 15,687 13,378 17%
(2) LIF dividends
Q1 2018 Financials Conference Call and Webcast Information:
A conference call will be held on Tuesday, May 15 , 2018, starting at 8:00 a.m. ES T to further discuss the quarter and
guidance for 2018 . To participate in the conference call, use the following dial -in numbers and conference ID, or join the
webcast on-line as detailed below.
Time: 8:00 a.m. EST on Tuesday, May 15, 2018
Dial-In Numbers: +1 844-473-0974 local or +1-480-696-7316 international
Pass code: 9885598
Conference Title: Altius March 31, 2018 quarterly results
Webcast URL: https://edge.media-server.com/m6/p/3c8cdtvc
Date:
Ticker Symbol:
18-April-2018
ALS.TSX
Civic Address:
Altius Minerals Corporation
Suite 202, 66 Kenmount Road
St. John’s, NL, A1B 3V7, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
The call will be webcast and archived on the Corporation’s website for a limited time.
1 Attributable royalty revenue is a non‐IFRS measure and does not have any standardized meaning prescribed under
IFRS. The Corporation is finalizing the adoption of IFRS 15 and these figures are subject to change. For a detailed
description and examples of the reconciliation of this measure, please see the Corporation’s MD&A disclosures for prior
quarterly and annual reporting periods, which are available at http://altiusminerals.com/financial-statements
About Altius
Altius directly and indirectly held diversified royalties and streams generate revenue from 15 operating mines. These are
located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash and thermal (electrical) and
metallurgical coal. The portfolio also includes numerous pre -development stage royalties covering a wide spectrum of
mineral commodities and jurisdictions. It also holds a large portfolio of exploration stage projects which it has generated
for deal making with industry partners that results in newly created royalties and equity and minority interests.
Altius has 43,215,026 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a
member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
Forward-Looking Information
This news release contains forward‐looking information. The statements are based on reasonable assumptions and
expectations of management and Altius provides no assurance that actual events will meet management 's expectations.
In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could",
"estimates", "expects", "may", "shall", "will", or "would". Although Altius believes the expectations expressed in such
forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those projected. Mining exploration and
development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the
forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the
relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in
metal prices, general economic and political conditions, environmental risks, and community and non -governmental
actions. Such factors will also affect whether Altius wil l ultimately receive the benefits anticipated pursuant to relevant
agreements. This list is not exhaustive of the factors that may affect any of the forward‐looking statements. These and
other factors should be considered carefully and readers should not place undue reliance on forward-looking information.
Altius does not undertake to update any forward-looking information contained herein except in accordance with securities
regulation.
For further information, please contact Flora Wood or Chad Wells at 1.877.576.2209 or