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Anglo Pacific Group hail record royalty income in third quarter as coal and cobalt performed well

Anglo Pacific Group hail record royalty income in third quarter as coal and cobalt performed well

Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC:AGPIF)'s (LON:APF, TSE:APY) Chief Financial Officer Kevin Flynn talks to Proactive London's Katie Pilbeam about turning a record third quarter.

Its royalty portfolio generated income of US$23.6mln on the back of strong coal and cobalt prices.

The company’s royalty on the Kestrel coal mine in Australia generated US$11.7mln, but with current coking coal spot prices at around US$390 per tonne it looks like fourth quarter income could be even higher as Flynn explains.

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