Q2 Financial Comments from Elemental Altus Royalties

Mining Stock Daily

Elemental Altus Royalties published their Q2 financial results, showing an increase in royalty revenue and adjusted revenue compared to the same quarter last year. The company is expecting a stronger second half of the year based on operator guidance and the current high gold price. They have a cash balance of $6.5 million and $20 million outstanding debt. CEO Fred Bell mentions the possibility of reducing debt, initiating dividends, or buying back shares. The company is also seeing growth in their portfolio and expects significant one-off payments in the next year.