St. John�s
� Altius
Minerals Corporation (�Altius� or the �Company�) reported net earnings of $15.7 million or $0.54 per share for the quarter ended July 31, 2007, compared to net earnings of one hundred and twenty-eight thousand dollars or $0.01 per share for the same period last year.
A summary of the unaudited financial results is included in the following table.
(in thousands of dollars, except per share amounts) |
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For the three |
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For the three |
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months ended |
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months ended |
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July 31, 2007 |
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July 31, 2006 |
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Revenue |
2,647 |
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707 |
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Net earnings |
15,698 |
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128 |
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Net earnings per share |
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- basic |
0.54 |
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0.01 |
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- diluted |
0.53 |
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0.01 |
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The Company realized gains on disposals from the sale of investments of $16.2 million, primarily from the sale of a portion of the Company�s interest in Aurora Energy Resources Inc, and a $2.4 million gain on dilution from an equity investment.
The Company�s financial performance in the quarter was also supported by $1.4 million in royalty revenue from its interest in the Labrador Nickel Royalty Limited Partnership, which provides the Corporation with an effective 0.3% net smelter return royalty in the Voisey�s Bay nickel-cobalt-copper mine. Interest income of $1.2 million was recognized on reinvested proceeds from the sale of investments.
The consolidated financial statements for the period ending July 31, 2007 and Management�s Discussion and Analysis of the Company�s financial results and activities are available on SEDAR and at
www.altiusminerals.com.
Altius Minerals Corporation�s principal business activities include the generation and acquisition of projects related to natural resources opportunities mainly located in Newfoundland & Labrador.
For further information, please contact
Ben Lewis or
Chad Wells
The TSX does not accept responsibility for the adequacy or accuracy of this release.
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Altius Minerals Corporation
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PRODUCER |
CODE : ALS.TO |
ISIN : CA0209361009 |
CUSIP : 020936 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Altius Min. is based in Canada. Altius Min. produces iron, coal, cobalt, copper and nickel in Canada, and holds various exploration projects in Canada. Its main asset in production is VOISEY'S BAY in Canada and its main exploration properties are NUIKLAVIK, ALEXIS RIVER, LABRADOR PROJECT, BOXEY POINT, NOTAKWANON, TOPSAILS, KAMISTAITUSSET, TAYLOR BROOK, SOUTH TALLY POND, ROCKY BROOK and VIKING in Canada. Altius Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 890.6 millions as of today (US$ 712.1 millions, € 623.8 millions). Its stock quote reached its lowest recent point on March 28, 2003 at CA$ 1.39, and its highest recent level on March 28, 2024 at CA$ 20.55. Altius Min. has 43 340 000 shares outstanding. |