ELE press release
Key Highlights
- ➤Q3 revenue US$20.8 million, up 203% year over year
- ➤Q3 adjusted EBITDA US$16.6 million, up 168% year over year
- ➤2026 updated guidance 19,500-22,000 GEOs, including Orion contribution
- ➤Orion acquisition totals US$290 million for five precious-metals streams and royalties
- ➤Credit facility expanded to US$250 million, plus US$50 million accordion
- ➤Caserones disruptions cut Lundin Mining’s 2026 copper guidance to 105,000-115,000 tonnes
Expert Statements
Frederick Bell, Chief Executive Officer of Elemental Royalty Corporation
“Elemental delivered another strong quarter, reflecting the strength of our expanded portfolio, robust commodity prices and solid contributions from our key producing assets. Our performance reflects the increasing quality and maturity of the portfolio, with a growing base of cash-generating assets providing both resilience and a platform for further investment. The third quarter also marked important milestones in our growth strategy, underpinned by the acquisition of Vizsla Royalties and our recently announced streaming and royalty acquisitions. Together, these transactions further strengthen our portfolio, adding exposure to producing assets and development projects with material growth potential. Importantly, we continue to see substantial embedded growth across the portfolio, supported by expansion projects, exploration success and investment by established operators, providing opportunities to increase future cash flow without additional capital commitments from Elemental. Our recently announced strategic divestment of the royalty generation business represents the next stage of Elemental's evolution, creating a simpler, leaner and more focused royalty and streaming company, while retaining exposure to the long-term upside of the generation model. Looking ahead, our focus remains on growing the portfolio through accretive acquisitions while maintaining a lean and efficient corporate structure. Increasing cash flow from our producing assets, together with our enhanced financial flexibility puts us in a strong position to fund future growth, reduce leverage and minimize shareholder dilution. Our priority is to translate this growth into increasing cash flow and value per share, building a larger, higher-quality business and delivering sustainable long-term returns for shareholders.”
Denver, Colorado--(Newsfile Corp. - November 10, 2026) - Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) ("Elemental" or the "Company") is pleased to report results for the three and nine months ended September 30, 2026. For the quarter, Elemental delivered revenue of US$20.8 million, quarterly GEOs(1) of 4,861, and adjusted EBITDA(1) of US$16.6 million.
Q3 2026 Financial Highlights * Quarterly revenue of US$20.8 million, up 203% compared to revenue in Q3 2025; * Quarterly revenue plus attributable share of Caserones(1) of US$20.8 million, up 153% compared to Q3 2025; * Gold Equivalent Ounces ("GEOs") of 4,861 for Q3 2026 (2,362 in Q3 2025), and record 15,092 GEOs for Q3 year to date 2026 (10,136 in 2025); * Adjusted EBITDA(1) of US$16.6 million, up 168% compared to adjusted EBITDA in Q3 2025; * Adjusted operating cash flow(1) of US$13.2 million, up 162% compared to the comparative period; * Cash and cash equivalentsof US$23.0 million as of September 30, 2026; and * On track to meet updated GEO and revenue guidance of 19,500-22,000 GEOs for 2026, driven by significant contributions from Karlawinda, Bonikro, Timok, and Caserones. Frederick Bell, Elemental Chief Executive Officer, commented: "Elemental delivered another strong quarter, reflecting the strength of our expanded portfolio, robust commodity prices and solid contributions from our key producing assets. Our performance reflects the increasing quality and maturity of the portfolio, with a growing base of cash-generating assets providing both resilience and a platform for further investment.
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