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Altius Minerals Corporation (TSX:ALS) reports its annual net earnings of $70,239,000.
Altius Minerals Corporation (TSX:ALS) reports its annual net earnings of $70,239,000.
The press release is quoted as saying:
The current year’s earnings include a recognized pre-tax gain of $84,675,000 on the transfer of 100% of its interest in the Kami iron ore mineral property to Alderon Resource Corporation (“Alderon”) in exchange for 32,285,006 shares of Alderon. The Corporation also recognized higher royalty revenue as a result of the end of the labour dispute at the Voisey’s Bay mine and higher interest revenue on its growing cash balance. The prior year’s earnings included $28,413,000 from the sale of the Corporation’s International Royalty Corporation shares as a result of the takeover by Royal Gold Inc.
Click here to access the entire news release.
