Q2 Financial Comments from Elemental Altus Royalties

Elemental Altus Royalties published their Q2 financial results, showing an increase in royalty revenue and adjusted revenue compared to the same quarter last year. The company is expecting a stronger second half of the year based on operator guidance and the current high gold price. They have a cash balance of $6.5 million and $20 million outstanding debt. CEO Fred Bell mentions the possibility of reducing debt, initiating dividends, or buying back shares. The company is also seeing growth in their portfolio and expects significant one-off payments in the next year.

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Mining Stock Daily is a brief overview of finance and resource exploration news from the world's mining and metals sector. Mining Stock Daily is a quick overview of the day's most important sector information for both precious and base metals, including market trends and analysis.