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Pin to quick picksAltus Strategi. Share News (ALS)

Share Price Information for Altus Strategi. (ALS)

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Share Price: 5.05
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Altus Strategies Narrows First Half Losses As Expenses Fall

Thu, 29th Aug 2019 17:40

(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 were reduced.

In the six months to June 30, it made a pretax loss of GBP831,139, compared with a GBP1.1 million loss the year prior. Altus said it generated minimal revenue in the period.

Administrative expenses fell by 35% to GBP340,840 from GBP523,743 and it made gains of GBP42,654 on investments compared with a GBP165,645 loss in last year's interim period.

Management fees and costs recovered from joint-ventures, an income stream for Altus, fell by 32% to GBP28,112 from GBP41,325.

In the second quarter alone, its pretax loss fell year-on-year to GBP287,774 from GBP546,403 with costs recovered rising to GBP22,161 from GBP6,831.

The company holds stakes in explorations projects in Cameroon, Ethiopia, Ivory Coast, Liberia, Mali and Morocco.

Looking ahead, Altus said it will focus on completing due diligence on six different gold projects in Africa and develop new joint-venture and royalty agreements.

Shares in Altus closed 5.3% higher at 5.00 pence each in London on Thursday.

More News

Altus Strategies signs strategic investment deal with La Mancha

(Sharecast News) - Africa-focussed project and royalty generator Altus Strategies announced on Thursday that, further to its announcement on 5 November, it has entered into a strategic investment agreement with La Mancha Holdings, a Luxembourg-incorporated private gold investment company.

5 Dec 19 16:23

Altus Strategies Gets GBP6.5 Million Investment From La Mancha

Altus Strategies Gets GBP6.5 Million Investment From La Mancha

5 Dec 19 14:20

Altus Strategies Inks Joint Venture For Mali Gold Projects

Altus Strategies Inks Joint Venture For Mali Gold Projects

2 Dec 19 14:38

Altus Strategies inks JV agreement for Malian projects

(Sharecast News) - Africa-focussed mining investor Altus Strategies has inked a joint-venture agreement covering its Lakanfla and Tabakorole gold projects with Glomin Services.

2 Dec 19 10:41

La Mancha To Invest CAD11 Million In Altus Strategies For 35% Stake

La Mancha To Invest CAD11 Million In Altus Strategies For 35% Stake

5 Nov 19 14:26

Altus Strategies completes royalty and property sale deal with Desert Gold

(Sharecast News) - Africa-focussed project and royalty generator Altus Strategies announced the successful completion of the royalty and property sale transaction with TSX-V listed Desert Gold Ventures on Thursday, on the firm's contiguous Sebessounkoto Sud and Djelimangara gold projects in western Mali.

31 Oct 19 12:14

Altus Strategies Reports Further Drilling Finds In Ethiopia

Altus Strategies Reports Further Drilling Finds In Ethiopia

29 Oct 19 14:07

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

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