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Altius Minerals Corp. expects to report record attributable quarterly royalty revenue of approximately CAN$21.9 million (CAN$0.53 per share) for 4Q20 ended 31 December 2020. This compares to quarterly revenues of CAN$16.2 million (CAN$0.39 per share) in 3Q20 and CAN$17.6 million (CAN$0.41 per share) in the comparable quarter in 2019. For the full year ended 31 December 2020, Altius expects to report royalty revenue of CAN$67.5 million (CAN$1.62 per share) compared to CAN$78.1 million for the year ended 31 December 2019 (CAN$1.83 per share).
4Q20 royalty revenue represents a significant rebound from levels recorded during the first three quarters of the year, benefitting primarily from stronger underlying commodity prices, a significant end-of-year dividend issuance by the Iron Ore Company of Canada (IOC) and higher tonnage-based revenue related to a greater share of ownership in its Alberta thermal coal royalty partnership.
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