Fred Bell, CEO, and David Baker CFO of Elemental Altus Royalties (TSX.V:ELE) (OTCQX:ELEMF), both join us to review the key takeaways from the Q3 financials and operations, including record quarterly cash flows and EBITDA.

Financial Highlights

We have Fred and Dave break down the financial strength of the company, and the leverage to it’s balance sheet to rising production and revenues. We also review the growth via per-share metrics moving into Q4 and in particular looking ahead to full-year 2025 gold equivalent ounce growth anticipated from Allied Gold’s Korali-Sud (Diba) asset, and the increased production from the assets acquired from AlphaStream Limited in September for US$28 million in equity. The AlphaStream portfolio includes a further 2.25% NSR on the Company's Bonikro royalty, 1.25% NSR on Ballarat, A$5/oz on SKO, and increased interests on 21 other royalties in Australia.

Next we touched upon the cornerstone royalty assets at both Caserones and Karlawinda.  In Q3 2024, the Company accrued adjusted royalty revenue of $1.1 million from Caserones, based on reported sales of 22.0kt of copper. Q3 2024 gold production from Karlawinda was 25,559 ounces. The balance of the Company’s producing portfolio provides immediate exposure and leverage to gold prices that are significantly above consensus forecasts.

Wrapping up we discuss that while this acquisition transaction was done with equity, that the company has a solid cash position, incoming revenues, and a credit facility to go after future accretive transactions.

If you have any follow up questions for Fred or Dave regarding Elemental Altus Royalties, then please email them in to us at [email protected] or [email protected].

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