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Altius Minerals Corp T.ALS

Alternate Symbol(s):  ATUSF

Metals & Mining Copper
Altius Minerals Corporation is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties. It diversified mineral royalties from 11 operating mines located in Canada (nine) and Brazil (two) that produce copper, nickel, cobalt, lithium, potash and iron ore. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. The Mineral Royalties consist of the acquisition and management of producing and development stage royalty and streaming interests. The Project Generation segment is engaged in acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. The Renewable Royalties segment includes a majority interest holding in publicly traded Altius Renewable Royalties Corp., which is focused on the acquisition and management of renewable energy investments and royalties.


TSX:ALS - Post by User

Altius Minerals Corp
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(7)
•••
Comment by micromikeon Mar 17, 2017 1:05am
242 Views
Post# 25991903

RE:RE:RE:3rd quarter

RE:RE:RE:3rd quarterI'm no account but they are paying a dividend .There is no way in the world that they would pay a divivdend if they were not profitable.

 if you read the news it's a non cash charge. Writing down bad assests.  Also I don't know if this is a one of charge or if there's more non cash charges next quarter. 
This is a cut ad paste from the news release.

The higher quarterly and annual net losses result largely from the previously reported recognition of a non-cash impairment charge of $72,001,000 for the Corporation's Genesee royalty interest during the quarter. This decision was made in response to policy changes in the province of Alberta that are intended to phase out coal fired electrical generation by 2030.



MM
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities