Altius Reports Q2 2025 Revenue of $12.7M, Adjusted Earnings of $1.6M, and Milestones in Copper-Gold Deposit, Potash Royalty Mines, and Copper-Zinc-Gold-Silver Project Development.

Altius Reports Q2 2025 Attributable Royalty Revenue of $12.7M and Adjusted Earnings of $1.6M. Lundin Mining Corporation is planning to incorporate higher-grade Saúva ore into its operations at Chapada, potentially increasing annual copper production by 50%. Potash royalty mines report strong first-half sales, with global demand expected to reach a record in 2025. Silvercorp Metals updated its construction progress and budget for the Curipamba project, targeting production by the end of 2026. Altius sold a 1% NSR royalty on the Silicon gold deposit for $275 million to Franco-Nevada Corporation.

St. John’s, Newfoundland and Labrador— Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) has reported its Q2 2025 financial results, showing a decrease in revenue and attributable royalty revenue compared to the previous quarter. The company's attributable royalty revenue for Q2 2025 was $12.7 million, down from $20.4 million in Q2 2024, while adjusted earnings were $1.6 million, a decrease from $8.3 million in Q2 2024 [1].

The decrease in revenue was attributed to lower attributable potash volumes and lower dividends from iron ore, partially offset by higher base metal prices. Adjusted EBITDA for Q2 2025 was $7.5 million, down from $14.5 million in Q2 2024, while adjusted operating cash flow was $4.7 million, down from $8.3 million in Q2 2024. Net earnings for the quarter were $5.5 million, down from $8.3 million in Q2 2024 [1].

Lundin Mining Corporation (TSX: LUN) has announced plans to incorporate higher-grade Saúva ore into its operations at the Chapada Mine. This move is expected to increase annual copper production by approximately 50%. The company is currently conducting permitting and technical work to further define the project and anticipates completing a pre-feasibility study by the end of this year [1].

Silvercorp Metals Inc. ("Silvercorp") has updated its construction progress and budget for the Curipamba copper-zinc-gold-silver project. The estimated capital cost of the project is $240.5 million, and Silvercorp is targeting production by the end of 2026. Altius holds a 2% NSR royalty interest in the project [1].

Altius has sold a 1% NSR royalty on the Silicon gold deposit for $275 million to Franco-Nevada Corporation (TSX & NYSE: FNV). The sale includes an upfront cash payment of $250 million and a further payment of $25 million upon the conclusion of an ongoing arbitration process. Altius will retain a 0.5% NSR royalty interest in the Arthur Gold Project as a long-term component of its diversified portfolio [1].

References:
[1] https://www.businesswire.com/news/home/20250811886344/en/Altius-Reports-Q2-2025-Attributable-Royalty-Revenue-of-%2412.7M-and-Adjusted-Earnings1-of-%241.6M