Elemental Altus Expects Record Revenues in 2024
Company Announcements

Elemental Altus Expects Record Revenues in 2024

Elemental Royalties Corp. (TSE:ELE) has released an update.

Elemental Altus Royalties Corp. projects a significant revenue increase in 2024, aiming for their seventh consecutive year of record revenues, with expectations to reach 10,000 to 11,700 Gold Equivalent Ounces and an Adjusted Revenue of US$20.0 to US$23.3 million. This growth is anticipated to stem from organic royalty revenue, particularly from the Diba and Bonikro royalties operated by Allied Gold. The company’s CEO, Frederick Bell, credits this success to a strategically diversified portfolio and looks forward to continued expansion and shareholder value generation.

For further insights into TSE:ELE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskElemental Altus Announces Karlawinda Production Expansion
TipRanks Canadian Auto-Generated NewsdeskElemental Altus Announces Meeting and New Policy
TipRanks Canadian Auto-Generated NewsdeskElemental Altus Expands Royalties and Secures Investment
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App