Callinan Royalties Corporation CCNMF

Quarterly Royalty Payments Down

[CdnWest]

This time last year it was a payment of $4,970,814 from the 6²⁄₃% Net Profits Interest Royalty and $105,136.50 from the $0.25 per ton.  This year a payment of $3,825,586.00 from the 6?% Net Profits Interest Royalty and $114,224.00 from the production royalty of $0.25 per ton.  Seems like more tonage but resulting in less net profit.