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