Q3 2024 Altius Minerals Corp Earnings Call Transcript

Nov 8, 2024 / 02:00 PM GMT

Release Date Price: C$26.35 (-2.52%)

Transcript

Key Points

Positve

Altius Minerals Corp (ATUSF) reported royalty revenue of $16.6 million for Q3 2024, reflecting higher base metal prices and growth in the renewable royalty portfolio.
The company has a strong liquidity position with $25.6 million in cash and $116 million in unused revolving credit.
Altius Minerals Corp (ATUSF) has several royalty projects nearing completion, including the Eastern Deeps Copper Cobalt mine and the Re Cabras and Mariana lithium mines.
The company is benefiting from increased global potash demand, which is expected to set new records this year.
Altius Minerals Corp (ATUSF) continues to see growth in its renewable royalties, with new acquisitions contributing to revenue and positive power demand forecasts in key regions.

Negative

Royalty revenue decreased from $17.8 million in Q3 2023 to $16.6 million in Q3 2024, partly due to lower potash prices.
The mineral royalties segment's EBITDA margin decreased from 76% in Q3 2023 to 69% in Q3 2024, impacted by higher professional fees.
Net earnings decreased to $3.2 million in Q3 2024 from $3.5 million in Q3 2023, reflecting lower revenues and higher costs.
The company is awaiting the results of arbitration proceedings related to its royalty rights, which could impact future revenue streams.
Forest fires affected production at the IOC operations, although no significant damage was reported.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ALS.TO - Altius Minerals Corp
Q3 2024 Altius Minerals Corp Earnings Call
Nov 08, 2024 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to the Altius Minerals Q3 2024 conference call and webcast. At this, this time, all lines are in listen-only mode following the presentation, we will conduct a question and answer session.

If at any time during the call, you require immediate assistance. Please press star zero for the operator. This call is being recorded on Friday, November 8th 2024. I would now like to turn the conference over to Flora Wood. Please go ahead.

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Unidentified_2 [2]
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Thank you, Mike. Good morning, everyone and welcome

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