- Elemental Royalties released its Q3 results this week, reporting volume of 1,062 gold-equivalent ounces, a significant increase from the year-ago period.
- This helped Elemental to report 65% revenue growth, with revenue coming in at a record $1.9 million, and $4.3 million year-to-date.
- Looking ahead to FY2022, annual revenue should increase materially, with Mercedes set to contribute in H2 2022, a full year of production from Carpricorn's Karlawinda.
- Having said that, with the smallest royalty portfolio among its peer group, and trading at a slight premium to NAV, I see better value elsewhere in the royalty space.
For further details see:
Elemental Royalties: Record Results On Karlawinda Deliveries