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Altius to change fiscal year-end for 2018

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Altius to change fiscal year-end for 2018

Altius Minerals Corp. secured board approval to change its fiscal year-end to Dec. 31 from its current fiscal year-end of April 30.

The change in the reporting period will take effect after a transitional fiscal year ending Dec. 31.

The company will report the audited results for its eight-month transitional fiscal year, May 1 to Dec. 31, on March 2018. It will then revert to a customary quarterly reporting calendar with fiscal quarters ending on the last day in March, June, September and December each year.

The change will better align the company's financial reporting periods to its peer royalty and streaming companies as well as diversified miners, it said Oct. 12.

At the beginning of calendar year 2018, Altius will provide revised guidance for the financial year of Jan. 1, 2018, to Dec. 31, 2018.