Place de cotation: TORONTO 

Altius directly and indirectly holds diversified royalties and streams that generate revenue from 15 operating
mines. These are located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash and
thermal (electrical) and metallurgical coal. The portfolio also includes numerous pre‐development stage royalties covering a wide spectrum of mineral commodities and jurisdictions. In addition, Altius holds a large portfolio of exploration stage projects which it has generated for deal making with industry partners that results in newly created royalties and equity and minority interests.
Altius has 43,335,654 shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a
member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.


St. John’s - Altius Minerals Corporation (“Altius” or the “Corporation”) reports attributable revenue(1) for the three months ended January 31, 2017 of $14,535,000 or $0.34 per share and adjusted EBITDA(2) of $11,262,000 or $0.26 per share compared to attributable revenue of $7,301,000 or $0.18 per share and adjusted EBITDA of $6,273,000 or $0.16 per share for the prior year comparable period. This represents a new quarterly attributable revenue record and is a 46% increase over the second quarter ended October 31, 2016 and 99% over last year’s comparable quarter ended January 31, 2016.
Year to date, the Corporation has recorded attributable revenue of $32,911,000 (2016 - $25,620,000) and adjusted EBITDA
of $24,451,000 (2016 – $18,843,000).
The net loss for the quarter was $67,293,000, or $1.55 per share, compared to a net loss of $16,794,000, or $0.42 per share, for the comparable prior year quarter. The year to date net loss is $64,046,000 (2016 – $18,479,000).
The increased quarterly and year to date revenue is as a result of higher realized prices for copper, zinc and metallurgical coal, the first full quarter of revenue from the Chapada copper stream, improved potash royalty production volumes and mine sequencing based volume increases from its thermal coal royalties. These revenue increases were partially offset by lower realized potash prices and a nil payment related to the Voisey’s Bay royalty.
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.

Copyright  2017 Ernstrade