Elemental Altus Royalties and Constructive Approaches to Q2 Numbers with Higher Metal Prices
Elemental Altus Royalties reported strong Q1 royalty revenues of $4.7 million, up 24% from the previous year.
They are on track to meet their guidance of 10,000 to 11,700 gold equivalent ounces. The company expects the Diba royalty to start generating revenue in Q3, and they anticipate increasing revenue from that royalty over Q3 and Q4.
The higher spot prices of gold and copper are expected to significantly increase Elemental's revenue and margin.
