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Elemental Royalties ( (TSE:ELE) ) has provided an update.
Elemental Altus Royalties Corp. has reported significant financial gains from Allied Gold Corporation’s production at the Korali-Sud site, where the company holds a 3% NSR royalty. The production of approximately 48,000 ounces of gold in Q4 2024 marks the first full quarter of output, with expectations of increased revenue from milestone payments and ongoing production. This development enhances Elemental Altus’ market position, with significant resource potential in the Sadiola Mine Complex and future opportunities from ongoing exploration efforts.
More about Elemental Royalties
Elemental Altus Royalties Corp. operates in the mining industry, focusing on royalty interests in gold production. The company holds net smelter return royalties and milestone payments from gold mining projects, primarily in Mali.
YTD Price Performance: 0%
Average Trading Volume: 45,672
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$282.6M
For a thorough assessment of ELE stock, go to TipRanks’ Stock Analysis page.
