20th Aug 2021 15:35
Altus Strategies PLC - mining royalty company - For the second quarter of 2021, swings to pretax loss of GBP1.0 million from profit of GBP843,387 the same period a year before, due to higher exploration costs and one-off share-based payments, coming up to GBP315,758.
This is on revenue which rose 34% to GBP22,604 from GBP16,860 a year prior. During the quarter, Altus started a 17,500 metre reverse circulation and air core drilling programme at the Diba gold project in Western Mali, as well as the granting of three new projects, totalling 221 kilometres in Morocco.
"We look forward to another exciting quarter ahead, including the commencement of fieldwork in Egypt, further drilling programmes in Mali and an expansion of our due diligence capabilities as we accelerate the assessment of further cash paying royalty acquisition opportunities," said Chief Executive Steven Poulton.
Current stock price: 61.00 pence, up 4.3%
Year-to-date change: down 21%
By Dayo Laniyan; [email protected]
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