Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) received US$1.7mln pre-tax from its copper and gold royalties in the first quarter.
Altus currently owns 33 royalty interests, including royalties on four producing mines, namely the Caserones copper mine in Chile, the South Kalgoorlie Operations gold mine in Australia, the Ballarat gold mine in Australia and the Bonikro gold mine in Côte d'Ivoire.
"We are delighted that our royalty acquisition strategy is already delivering significant returns, with pre-tax copper and gold royalty revenues of US$1.7 million in the first quarter,” said Steven Poulton, chief executive of Altus.
“This exceptional performance reflects the transformative royalty acquisitions we have completed since August last year, as well as the continued strong demand for copper and gold. Altus has established a global portfolio comprising 33 royalty interests and 27 project interests across nine countries and nine metals.”
Further deals area likely, he added.
“Separately, our experienced technical teams are actively advancing numerous prospective gold and base metal projects across Africa as part of our high-impact 'boots on the ground' royalty generation strategy. We believe our hybrid approach, which combines royalty acquisition with organic royalty generation, differentiates Altus from other royalty groups and provides our shareholders with the optimal blend of short-term income and long-term capital growth potential.”