Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) said it received its first quarterly royalty payment from its interest in the Caserones copper mine in Chile, which has transformed the company into a revenue generating business.
Altus received US$1.34mln before tax (£0.97mln), or US$0.94mln after tax, from its net smelter return royalty relating to second-quarter production at the mine. The amount exceeded expectations by 18%, mainly due to strong copper prices.
The highest quarterly royalty payment since production started at Caserones in 2015.