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Altius Reports Q3 2026 Attributable Royalty Revenue of $33.3M and Adjusted Earnings(1) of $10.6M

ATUSFAPO
  • Altius Minerals reported Q3 2026 revenue of $19.6 million, up from $17.2 million in Q3 2025, with net earnings of $10.1 million ($0.17 per share) compared to $264.9 million ($5.72 per share) in the prior year period.
  • Attributable royalty revenue increased to $33.3 million ($0.56 per share) in Q3 2026 from $21.4 million ($0.46 per share) in Q3 2025, driven by higher realized prices, copper stream timing, four new lithium royalties, & electricity revenue.
  • Adjusted EBITDA rose to $27.1 million ($0.47 per share) in Q3 2026 from $13.2 million ($0.29 per share) in Q3 2025, while adjusted operating cash flow decreased to $11.8 million ($0.21 per share) from $15.4 million ($0.33 per share).
  • On July 21, 2026, the Corporation completed a public offering of 3 million shares at $60.50 each, generating $181.5 million in gross proceeds & $174.1 million in net proceeds.
  • On July 24, 2026, the Corporation amended its credit facility to $350 million from $225 million, extended maturity to July 2030, & drew down $100 million during Q3 for the ARR transaction.
  • On July 30, 2026, Altius acquired Northampton's minority interest in Altius Renewable Royalties Corp for $167.4 million, increasing its effective interest in Great Bay Renewables to 50%.
  • The Corporation entered a binding letter of intent to acquire a 1.0% gross sales royalty on Buffalo Potash's Disley West property for $8.5 million.
  • Apex Clean Energy's Lotus Wind project reached commercial operations in May 2026, generating royalty revenue in Q3 2026, while the Coles Wind project is expected to reach commercial operations in H2 2027.
  • Silvercorp Metals' Curipamba project construction faced suspensions due to heavy rainfall in Q3 2026, though civil works continued.
  • Core Lithium expects first concentrate shipments from the Finniss project by December 2026, while Zijin Mining, Atlas Lithium, & Elevra Lithium reported various production ramp-up, expansion, & permitting updates.
  • AngloGold Ashanti completed a Pre-feasibility Study for the Arthur Gold Project, declared Probable Mineral Reserves of 4.9Moz gold & 7.8Moz silver, & advanced to a full feasibility study.
  • Lundin Mining plans to incorporate the Saúva copper-gold deposit into Chapada operations, with a new ball mill expected to be completed by end of 2027.
  • Vale reported an 18% year-to-date increase in nickel production at Voisey's Bay despite a Q3 decrease due to scheduled maintenance.
  • Champion Iron is evaluating Kami's high-purity iron ore concentrates, with a definitive feasibility study in progress & Nippon & Sojitz as offtake partners.
  • Cash & cash equivalents totaled $181 million at September 30, 2026, with total liquidity available at approximately $500 million including the amended revolving facility.
  • The Board declared a quarterly dividend of $0.11 per share, payable on or about December 15, 2026, to shareholders of record as of November 30, 2026.
  • A conference call to discuss Q3 2026 financial results is scheduled for November 11, 2026, at 9:00 AM ET.