Altius Minerals Earns Net $2,461,000 in Third Quarter

Altius Minerals Corporation (TSX:ALS) reported net earnings of $2,461,000 or $0.08 per share for the three months ended January 31, 2012.

As quoted in the press release:

The current quarter’s earnings include revenue of $5,805,000, consisting of royalty revenue of $1,192,000 and $3,941,000 in share payments received from earn-in partners during the quarter. The previous year’s earnings included a pre-tax gain of $84,675,000 recorded on the sale of the Corporation’s Kami property to Alderon Iron Ore Corporation.

Click here to read the Altius Minerals Corporation (TSX:ALS) press release.