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Elemental Royalty Q2 Net Income Jumps to $3.6 Million

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Elemental Royalty (ELE.TO) said Tuesday after trade its second-quarter net income jumped to $3.6 million, from $0.2 million, in the prior year period.

The company, which acquires precious metals royalty streams, did not provide per share amounts.

Elemental said quarterly revenue jumped 162% to $23.8 million from $9.1 million, over the same period. Analysts polled by FactSet had expected revenue of $22.6 million.

It sold a record 5,248 gold equivalent ounces (GEO) during the quarter.

Elemental remains on track to achieve its 2026 GEO sales guidance of between 17,000 to 21,000 ounces.

Elemental Royalty shares closed up C$0.51 to C$27.08 on the Toronto Stock Exchange.

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