Altius Minerals Corporation reports third quarter financial results

Published on March 17, 2010; Published on July 1, 2010
Staff ~ The Telegram

Topics :: Altius Minerals Corp. , Aurora Energy Resources Inc.

Altius Minerals Corp. reported a net loss of $102,000 for the three months ended Jan. 31, 2010, compared to net earnings of $31,624,000 or $1.11 per share for the same period last year.
According to a news release, the prior year's earnings included a $38,180,000 gain on the settlement of the equity forward agreement on the corporation's remaining 2,500,000 Aurora Energy Resources Inc. shares and income tax expense of $6,679,000.
The current quarter revenue was $912,000 compared to $2,109,000 for the same quarter last year, reflecting lower investment income from cash and investment grade marketable securities in comparison to the prior year as well as lower royalty revenue from the Voisey's Bay nickel royalty as a result of the continuing strike and production curtailments.

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