Elemental Royalties (TSE:ELE) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Elemental Altus Royalties Corp. reported a strong second quarter with a 10% increase in adjusted revenue to $5.2 million, despite a 7% drop in gold equivalent ounces produced, and a 33% decrease in operating cash flow. The company is optimistic about achieving record revenue for 2024, with production expected to rise in the second half of the year, especially from the new Diba royalty asset.
For further insights into TSE:ELE stock, check out TipRanks’ Stock Analysis page.
