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ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Dec. 14, 2011) - Altius Minerals Corporation ("Altius") (News - Market indicators) reported a net loss attributable to common shareholders of $2,868,000 or $0.10 per share for the three months ended October 31, 2011 compared to net earnings of $2,138,000 for the same period last year. The current year's loss includes the Corporation's share of losses in Alderon Iron Ore Corporation ("Alderon") of $1,790,000 and mineral property write-downs totaling $1,055,000. Offsetting these amounts was an increase in royalty revenue to $723,000 compared to $648,000 in the previous year.
A summary of the unaudited financial results is included in the following table.
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Three months ended |
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Six months ended |
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October 31, |
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October 31, |
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2011 |
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2011 |
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2011 |
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2010 |
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$ |
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$ |
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$ |
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$ |
Revenue |
1,635,000 |
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1,453,000 |
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3,791,000 |
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2,740,000 |
Net earnings (loss) attributable to shareholders |
(2,868,000 |
) |
2,138,000 |
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(4,456,000 |
) |
2,055,000 |
Diluted earnings (loss) per share |
(0.10 |
) |
0.07 |
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(0.16 |
) |
0.07 |
Net cash flow from operating activities |
(1,421,000 |
) |
(79,000 |
) |
(8,172,000 |
) |
2,095,000 |
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The Corporation saw significant progress on its partner-funded projects during the quarter, particularly in the Labrador West iron ore mining district. Milestones achieved during the quarter included the following:
- Alderon made progress towards potential development of its 100% owned Kami iron ore project located in the Labrador West mining district, including the release of a positive preliminary economic assessment and the expansion of the National Instrument 43-101 compliant iron resource. Alderon has commenced infill drilling to upgrade the resource category in anticipation of the completion of a feasibility study in the second half of 2012. Altius owns approximately 40% of the common shares of Alderon, as well as a 3% gross sales royalty ("GSR") on the Kami project.
- Altius was notified that Rio Tinto Exploration Canada Limited ("Rio Tinto") has met their requirements of the earn-in agreement and have earned a 51% interest in mineral properties located approximately 17 kilometres northeast of the Iron Ore Company of Canada's Carol Lake operations. Rio Tinto also advised of an initial drill hole discovery of 279 metres of 29.8% iron content at the Goethite Bay prospect. Rio Tinto may earn an additional 19% of the project by spending the next $4 million in exploration expenditures on the properties, subject to a 3% GSR (with a 1% buyback) in favour of Altius.
- The Corporation also announced the signing of a sale and royalty agreement with Century Iron Mines Corporation ("Century") covering four major claim blocks within Altius' regional iron ore portfolio in the Labrador West district. This agreement anticipates $28 million in exploration expenditures by Century to earn 100% of the properties, subject to a 1-4% sliding scale GSR in favour of Altius.
The Corporation is also actively discussing potential exploration agreements with various industry partners on numerous wholly owned projects, while it continues to conduct independent and partner-funded preliminary generative exploration programs in Nunavut, the Yukon, Labrador and the Island of Newfoundland.
Additional information on the Corporation's results of operations is included in the Corporation's MD&A and Unaudited Financial Statements, which were filed on SEDAR today.
About Altius
Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. Altius has a strong financial position with total assets of approximately $300 million, including $175 million in cash and marketable securities. It has also built a portfolio of directly and indirectly held junior resource investments, including 32.9 million shares of Alderon Resource Corp. (TSX:ADV).
Altius owns an effective 0.3% net smelter return royalty on the producing Voisey's Bay nickel-copper-cobalt mine, a 2% gross sales royalty on uranium in the Central Mineral Belt project of Paladin Energy Limited, a 3% gross sales royalty on the Kami iron ore project of Alderon and several earlier stage resource project royalties. Its growing project generation pipeline consists of a diversified portfolio of exploration projects, many of which it have attracted joint venture funding partners.
Altius is a member of the S&P/TSX Global Mining Index and currently has 28,818,653 shares outstanding.
Altius Minerals Corporation Ben Lewis or Chad Wells 1-877-576-2209 709-576-3441 (FAX) info@altiusminerals.com www.altiusminerals.com
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Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Altius Minerals Corporation
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PRODUCTEUR |
CODE : ALS.TO |
ISIN : CA0209361009 |
CUSIP : 020936 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Altius Min. est une société basée au Canada. Altius Min. est productrice de fer, de charbon, de cobalt, de cuivre et de nickel au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est VOISEY'S BAY au Canada et ses principaux projets en exploration sont NUIKLAVIK, ALEXIS RIVER, LABRADOR PROJECT, BOXEY POINT, NOTAKWANON, TOPSAILS, KAMISTAITUSSET, TAYLOR BROOK, SOUTH TALLY POND, ROCKY BROOK et VIKING au Canada. Altius Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 955,6 millions CA$ (699,4 millions US$, 653,7 millions €). La valeur de son action a atteint son plus bas niveau récent le 28 mars 2003 à 1,39 CA$, et son plus haut niveau récent le 26 avril 2024 à 22,05 CA$. Altius Min. possède 43 340 000 actions en circulation. |
Dans les médias de Altius Minerals Corporation |
Rapports annuels de Altius Minerals Corporation |
Financements de Altius Minerals Corporation |
Rapports Financiers de Altius Minerals Corporation |
12/03/2015 | (TSX:ALS) Reports Third Quarter Attributable Revenue of $7,5... |
11/09/2013 | (TSX:ALS) Reports First Quarter Net Loss of $1,292,000 |
18/03/2013 | (TSX:ALS) Reports Third Quarter Net Loss of $3,627,000 |
12/12/2012 | (TSX:ALS) Reports Second Quarter Net Loss of $2,885,000 |
12/09/2012 | (TSX:ALS) Reports First Quarter Net Loss of $2,857,000 |
28/06/2012 | 2012 Financial Results - year end |
08/03/2012 | (TSX:ALS) Reports Third Quarter Net Earnings of $2,461,000 |
14/12/2011 | (TSX:ALS) Reports Second Quarter Net Loss of $2,868,000 |
17/03/2010 | 3rd Quarter Financial Results |
10/12/2009 | Second Quarter Financial Results |
10/09/2009 | Reports First Quarter Net Loss of $597,000 |
12/12/2008 | Reports Second Quarter Net Loss of $2 Million |
14/09/2007 | Reports First Quarter Net Earnings of $15.7 million |
Projets de Altius Minerals Corporation |
Communiqués de Presse de Altius Minerals Corporation |
09/05/2016 | 2015/16 Letter to Shareholders |
04/05/2016 | ALTIUS (TSX:ALS) COMPLETES CHAPADA COPPER PURCHASE AGREEMENT... |
03/05/2016 | ALTIUS (TSX:ALS) ANNOUNCES CLOSING OF C$40 MILLION BOUGHT DE... |
13/04/2016 | ALTIUS (TSX:ALS) ANNOUNCES C$35 MILLION BOUGHT DEAL FINANCIN... |
31/03/2016 | ALTIUS (TSX:ALS) ACQUIRES COPPER STREAM ON YAMANA’S CHAPADA ... |
23/03/2016 | ALTIUS DECLARES QUARTERLY DIVIDEND OF $0.03 PER SHARE |
20/01/2016 | Renaissance Gold Exploration Update |
17/12/2015 | ALTIUS DECLARES QUARTERLY DIVIDEND OF $0.03 PER SHARE |
28/09/2015 | TSX Venture Exchange Daily Bulletins |
23/09/2015 | ALTIUS DECLARES QUARTERLY DIVIDEND OF $0.03 PER SHARE |
17/09/2015 | Altius Reports on 2015 Annual General and Special Meeting Re... |
10/09/2015 | Altius Minerals Corporation Reports Quarterly Attributable R... |
10/09/2015 | ALTIUS (TSX:ALS) REPORTS QUARTERLY ATTRIBUTABLE REVENUE OF $... |
15/07/2015 | ALTIUS PARTNERS WITH WESTMORELAND TO CREATE A NEW ROYALTY ON... |
26/03/2015 | ALTIUS IMPLEMENTS REGULAR DIVIDEND, PAYS DOWN DEBT, AND RE-E... |
26/03/2015 | Implements Regular Dividend, Pays Down Debt, and Re-Establis... |
26/03/2015 | Altius Implements Regular Dividend, Pays Down Debt, and Re-E... |
14/03/2015 | ALTIUS REPORTS THIRD QUARTER ATTRIBUTABLE REVENUE OF $7,583,... |
12/03/2015 | Altius Minerals Corporation (TSX: ALS) Reports Third Quarter... |
10/03/2015 | Callinan Cash Arms Dalton for Further Deals - Global Mining ... |
05/03/2015 | ALTIUS AND CALLINAN COMBINATION TO CREATE A DIVERSIFIED MINI... |
05/03/2015 | IIROC Trade Resumption - ALS: CAA |
05/03/2015 | IIROC Trading Halt - ALS; CAA |
19/02/2015 | ALTIUS INVESTMENT IN VIRGINIA MINES GENERATES TOTAL PROCEEDS... |
19/02/2015 | Investment in Virginia Mines Generates Total Proceeds of $41... |
10/12/2014 | ALTIUS (TSX:ALS) REPORTS SECOND QUARTER ATTRIBUTABLE REVENUE... |
10/12/2014 | Altius Minerals Corporation (TSX: ALS) Reports Second Quarte... |
17/11/2014 | VIRGINIA AND OSISKO TO COMBINE |
25/09/2014 | Altius Reports on 2014 AGM Results |
22/09/2014 | Altius Executes Telkwa Coal Property Agreement With Australi... |
11/09/2014 | Altius Minerals Corporation Reports First Quarter Net Loss o... |
02/07/2014 | Altius Minerals Corporation Reports Annual Net Loss of $22,5... |
20/09/2013 | Reports on 2013 AGM Results |
15/08/2013 | Adopts Advance Notice By-Law |
09/07/2013 | Mines Virginia annonce la signature d'une alliance strat=E9g... |
04/07/2013 | (TSX:ALS) Reports Annual Net Loss of $13,339,000 |
28/03/2013 | Renews Normal Course Issuer Bid and Continues Automatic Repu... |
06/11/2012 | Expands Project Generation Exploration Business to Chile |
01/11/2012 | Reports on 2012 AGM Results |
24/10/2012 | Annual General Meeting October 31, 2012 @ 1 pm |
30/07/2012 | Executes Snelgrove Lake Iron Ore Property Agreement With Cap... |
04/07/2012 | (TSX:ALS) Announces Strategic Alliance With Virginia Mines I... |
27/06/2012 | (TSX:ALS) Reports Annual Net Loss of $4,611,000 |
16/05/2012 | Announces Establishment of Automatic Repurchase Plan |
16/04/2012 | Reports Alderon Concludes Definitive Agreements with Hebei I... |
13/04/2012 | -Alderon Concludes Definitive Agreements With Hebei Iron & S... |
30/03/2012 | PR1204 |
27/03/2012 | (TSX:ALS) Provides Update on Selected Iron Ore Projects in L... |
27/02/2012 | Continues to Advance its Julienne Lake and Snelgrove Lake Ir... |
30/11/2011 | (TSX:ALS) Provides Update of Labrador West Iron Ore Option A... |
20/09/2011 | and Century Iron Mines Sign Principal and Royalty Agreements... |
08/08/2011 | (TSX:ALS) Reports an Expanded Exploration Alliance With Clif... |
07/07/2011 | (TSX:ALS) Reports Annual Net Earnings of $70,239,000 |
05/04/2011 | PLEASED THAT ALDERON CONFIRMS SUBSTANTIAL IRON ORE RESOURCE ... |
05/04/2011 | Alderon Confirms Substantial Iron Ore Resource at Kami |
30/03/2011 | Renews Normal Course Issuer Bid |
14/03/2011 | (TSX:ALS) Reports Third Quarter Net Earnings of $69,368,000 |
29/06/2010 | Annual Net Earnings of $21 Million |
23/06/2010 | Early Warning Report Filed in Respect of Millrock Resources ... |
21/06/2010 | 2010 Exploration Season |
17/05/2010 | Reports on Plans for 2010 Iron Ore Exploration Projects - D... |
18/03/2010 | Resignation of VP, COO, & Director |
04/03/2010 | Alderon Resources to Explore Altius' Iron Ore Property - Ald... |
23/02/2010 | to Receive Proceeds Worth Approximately $61.8 M - Investment... |
08/01/2010 | Sells Nuiklavik Property to Rare Element Resources - Creates... |
18/12/2009 | Enters into Lock-up Agreement with Royal Gold in Connection ... |
24/12/2009 | Renews Normal Course Issuer Bid |
10/11/2009 | Plan to Co-found a New Iron Ore Company - Resource delineati... |
16/10/2009 | alty - Altius is 10% limited partner of LNRLP |
06/10/2009 | Reports on Iron Ore in Labrador - Favourable metallurgical r... |
11/06/2009 | and Millrock Form Strategic Alliance |
06/03/2009 | Reports 3rd Quarter Net Earnings of $31.6 Million |
28/11/2008 | Announces Normal Course Issuer Bid |
24/09/2008 | Announces Increase to Share Repurchase Program |
12/09/2008 | Reports Quarterly Net Earnings of $380,000 |
28/07/2008 | Reports Annual Net Earnings of $12.1 Million |
24/06/2008 | NLRC Obtains Court Ordered Stay of Proceedings |
12/06/2008 | and Cornerstone Form Labrador Trough Alliance |
06/05/2008 | and Sprott Resource Corp. Form Potash Joint Venture in Cana... |
30/04/2008 | ANNOUNCES POSITIVE DECISION ON FEDERAL ENVIRONMENTAL ASSESSM... |
14/03/2008 | PROVIDES SOUTHERN HEAD REFINERY PROJECT UPD |
30/11/2007 | planning and development of its proposed new oil refinery |
07/10/2007 | ANNOUNCES POSITIVE DECISION FROM PROVINCIAL ENVIRONMENTAL AS... |
21/06/2007 | Receives Decision on EIS Process |
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