Altius Minerals: Third Quarter Financial Results

- March 18th, 2010

Altius Minerals Corporation (TSX:ALS) announced a net loss of $102,000 for the 3 months ended January 31, 2010 compared to net earnings of $31,624,000 or $1.11 per share for the same period last year.

Altius Minerals Corporation (TSX:ALS) announced a net loss of $102,000 for the 3 months ended January 31, 2010 compared to net earnings of $31,624,000 or $1.11 per share for the same period last year.

The press release is quoted as saying:

The prior year’s earnings included a $38,180,000 gain on the settlement of the equity forward agreement on the Corporation’s remaining 2,500,000 Aurora Energy Resources Inc. shares and income tax expense of $6,679,000. The current quarter revenue was $912,000 compared to $2,109,000 for the same quarter last year, reflecting lower investment income from cash and investment grade marketable securities in comparison to the prior year as well as lower royalty revenue from the Voisey’s Bay nickel royalty as a result of the continuing strike and production curtailments.

Click here to access the entire press release

Click here to access Altius Minerals Corporate Site

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