Altus reaps Newcrest acquisition reward with higher first-quarter royalty revenues

Since acquiring a portfolio of royalties from Newcrest Mining, Aim- and TSX-V-listed Altus Strategies has generated copper and gold royalty revenues of $1.7-million (pre-tax) in the first quarter of this year.

Altus currently owns 33 royalty interests, including royalties on four producing mines – the Chile-based Caserones copper mine, the Australia-based South Kalgoorlie operations and the Ballarat gold mines, and the Côte d’Ivoire-based Bonikro gold mine.