2021 Guidance C$4m-C$5m 2021 Revised Outlook
On April 13, 2021, the Company announced that it expected 2021 annual royalty revenues to total C$1,700,000 – C$2,500,000. The Company is pleased to announce that it now expects 2021 royalty revenues to double to C$4,000,000 – C$5,000,000.
The Company's two-fold increase in 2021 revenue guidance is based on public forecasts and other disclosure by the third-party owners and operators of its assets or management's assessment thereof. The increase in guidance since the Company's last issued guidance is mainly attributable to: (i) higher royalty-linked production volumes at the Koolyanobbing iron ore operations across the Deception open pit and recently commissioned Altair open pit, (ii) first production from the Segilola gold mine anticipated in July 2021, and (iii) continued quarter-on-quarter record royalty-linked production from the Hidden Secret deposit at Higginsville covered by the Dry Creek royalty.
The revised 2021 outlook does not include the potential sale proceeds from two graphite royalties in the process of being sold, as announced on July 5, 2021.