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Share Price Information for Altus Strategi. (ALS)

London Stock Exchange
Share Price: 4.55
Bid: 4.30
Ask: 4.80
Change: 0.00 (0.00%)
Spread: 0.50 (11.63%)
Open: 4.55
High: 4.55
Low: 4.55
Yest. Close: 4.55
ALS Live PriceLast checked at -

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Altus Strategies First Quarter Loss Widens On Expenses, Reduced Fees

Thu, 30th May 2019 14:54

LONDON (Alliance News) - Altus Strategies PLC on Thursday said its pretax loss widened in the first quarter of 2018 through a combination of increased administrative expenses and a reduction in fees recovered from joint venture partners.

For the three months to March 31, Altus's pretax loss was GBP543,366, widened from GBP515,781 the year before.

This was caused by a 31% rise in administrative expenses to GBP330,085 from GBP252,213 as well as a drop in management fees and costs recovered from joint venture partners to just GBP5,951 from GBP34,494.

Altus is a royalty generator in the mining sector and focuses on Africa. It makes mineral discoveries across multiple licences and enters joint ventures, which its partners can earn interest in by advancing them toward production.

Since the end of the quarter, Altus has defined drill targets at its Tabakorole gold project in Mali and defined a new prospect at its Diba gold project, also in Mali. A royalty and joint venture term sheet have been signed with Corben Resources Ltd on the Zolowo and Laboum gold projects in Liberia and Cameroon.

In the next 12 months, Altus intends to close its agreements with Canyon Resources Ltd for a joint venture termination and the transfer of the Birsok & Mandoum bauxite project in Cameroon. It will also aid in the completion of due diligence for project in Mali, Liberia, and Cameroon.

Altus is also looking to create new joint venture or royalty agreements and to begin exploration to generate new projects. Altus will also evaluate project and royalty acquisition opportunities, both private and within listed companies.

Shares in Altus Strategies were untraded at 4.32 pence on Thursday afternoon.

More News

Altus Strategies Discovers "Significant New" Gold Prospect In Mali

(Alliance News) - Altus Strategies PLC said Thursday it has defined a "potentially significant" new prospect at its Diba gold project in western Mali.Altus said the mine is about

5 Sep 19 16:07

Altus Strategies Narrows First Half Losses As Expenses Fall

(Alliance News) - Africa-focused mining royalty firm Altus Strategies PLC on Thursday reported that it narrowed its first half losses as it made gains on investments and administrative expenses to

29 Aug 19 17:40

Altus discovers multiple hard rock gold workings at Zager

(Sharecast News) - Africa-focussed project and royalty generation company Altus Strategies announced the discovery of multiple hard rock gold workings at its 100% owned 285 square kilometre Zager exploration licence on Thursday, which was targeting volcanogenic massive sulphide (VMS) gold deposits, in the Tigray National Regional State of northern Ethiopia.

15 Aug 19 14:44

Altus Strategies Discovers Gold Workings At Ethiopia Mining Licence

(Alliance News) - Africa-focused mining royalty firm Altus Strategies PLC said Thursday hard rock gold workings have been discovered at its recently acquired Ethiopian licence.Altus said at

15 Aug 19 12:09

Altus Strategies Unit Signs Option Deal With Firering On Toura Project

(Alliance News) - Altus Strategies PLC on Thursday said its subsidiary Aeos Resources Ltd has signed an option agreement with Firering Holdings Ltd, in respect of the application for the Toura in

25 Jul 19 11:48

Altus Strategies Promotes Financial Controller To Finance Chief

(Alliance News) - Altus Strategies PLC said Wednesday it has promoted Financial Controller Martin Keylock to chief financial officer.He will be replacing David Miles, who stay on in an role

10 Jul 19 16:22

UK Shareholder Meetings Calendar - Next 7 Days

Friday 21 JuneBoohoo GroupGulf KeystoneBH GlobalEJF ResourceSigma

20 Jun 19 16:02

Altus Strategies Finds New Gold Prospect At Ethiopian Daro Project

(Alliance News) - Altus Strategies PLC on Wednesday said it has discovered a new gold prospect at its Daro copper-gold-solver volcanogenic massive sulphide project in Ethiopia.Rock samples

12 Jun 19 14:27

Altus Strategies Defines Potential Drill Targets At Mali Gold Projects

LONDON (Alliance News) - Altus Strategies PLC said Thursday it has defined several drill and trench targets at its Djelimangara and Sebessounkoto Sun gold licences in Mali.The drill targets

6 Jun 19 12:07

Altus Strategies Unit Gains New Exploration Licence In Ethiopia

LONDON (Alliance News) - Altus Strategies PLC on Monday said its Ethiopian subsidiary, Altau Resources Ltd, has been granted the Zager exploration licence, targeting copper and gold in the grant a

3 Jun 19 13:34

Altus Strategies First Quarter Loss Widens On Expenses, Reduced Fees

LONDON (Alliance News) - Altus Strategies PLC on Thursday said its pretax loss widened in the first quarter of 2018 through a combination of increased administrative expenses and a reduction in to

30 May 19 14:54

Altus Strategies extends southern Mali joint venture with Resolute Mining

(Sharecast News) - Altus Strategies has signed a variation and accession deed with Resolute Mining in respect of the joint venture on its 106 square kilometre Pitiangoma Est project in southern Mali, it announced on Wednesday.

8 May 19 15:23

Altus Strategies gives Indiana Resources an extension to exclusivity period

(Sharecast News) - Africa-focussed project and royalty generator Altus Strategies announced on Friday that it has granted ASX-listed Indiana Resources an extension to the exclusivity period, to now end on 14 June.

3 May 19 14:55

Altus Strategies Considering Funding Options, Quarterly Loss Widens

LONDON (Alliance News) - Altus Strategies PLC on Tuesday mulled funding options for 2019 as it reported a wider fourth quarter loss.The company's fourth quarter pretax loss amounted to

30 Apr 19 18:40

Altus Strategies Outlook Confident As 2018 Loss Narrows On Cost Cuts

LONDON (Alliance News) - Altus Strategies PLC on Tuesday expressed a confident outlook for the year ahead, as it recorded higher gains on investments and lower costs in 2018.The royalty and

30 Apr 19 12:57

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