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 $1.2 million was recognized on reinvested proceeds from the sale of investments.
The consolidated financial statements for the period ending July 31, 2007 and Management�s Discussion and Analysis of the Company�s financial results and activities are available on SEDAR and at
www.altiusminerals.com.
Altius Minerals Corporation�s principal business activities include the generation and acquisition of projects related to natural resources opportunities mainly located in Newfoundland & Labrador.
For further information, please contact
Ben Lewis or
Chad Wells
The TSX does not accept responsibility for the adequacy or accuracy of this release.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : ALS.TO |
ISIN : CA0209361009 |
CUSIP : 020936 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Altius Min. est une société basée au Canada. Altius Min. est productrice de fer, de charbon, de cobalt, de cuivre et de nickel au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est VOISEY'S BAY au Canada et ses principaux projets en exploration sont NUIKLAVIK, ALEXIS RIVER, LABRADOR PROJECT, BOXEY POINT, NOTAKWANON, TOPSAILS, KAMISTAITUSSET, TAYLOR BROOK, SOUTH TALLY POND, ROCKY BROOK et VIKING au Canada. Altius Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,2 milliards (903,2 millions US$, 825,8 millions €). La valeur de son action a atteint son plus bas niveau récent le 28 mars 2003 à 1,39 , et son plus haut niveau récent le 11 octobre 2024 à 26,20 . Altius Min. possède 47 442 200 actions en circulation. |