Altus Strategies plc said it expected to receive more than US$1 million for its first royalty income payment this month, from its 0.418% net smelter return royalty interest on the Caserones copper mine in Chile.
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The royalty, before tax, is for the quarter ending 30 June 2021.
The company said that, due to strong copper prices during the period, the payment might represent the highest quarterly royalty payment from Caserones since production began in 2015.
Altus added it was also reviewing additional royalty transactions globally with a focus on gold and copper.