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Elemental Altus Royalties boosts adjusted Q3 revenue by 70% after merger with EMX Royalty
Elemental Altus Royalties reports a 70% increase in adjusted Q3 revenue to $8.2 million, adjusted EBITDA of $6.2 million and operating cash flow of around $5 million. The completed merger with EMX Royalty creates a billion‑dollar royalty company with over 200 managed royalties and is expected to unlock synergies in the millions. The company confirms annual guidance of ~42 million US dollars in adjusted revenue and expects higher copper grades and new cash‑generating royalties, but warns of integration, commodity price and market volatility risks. » More on de.investing.com
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