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Investegate |Anglo Pacific Group Announcements | Anglo Pacific Group: Results for the year ended 31 December 2020


 
Anglo Pacific Group PLC ( Anglo Pacific , the Company or the Group ) (LSE: APF, TSX: APY) is pleased to announce its full year results for the year ended 31 December 2020, consistent with the trading update published on 8 February 2021. The Company has also published its audited 2020 Annual Report and Accounts, which are available on the Group s website at
www.anglopacificgroup.com
and on SEDAR at
www.SEDAR.com
. The following statement should be read in conjunction with the audited financial statements.
 
The results for 2020 reflect the business before the completion of the US$205m Voisey s Bay cobalt stream acquisition, announced on 12 March 2021, the Group s largest and most significant transaction, setting Anglo Pacific on the road to become the leading growth royalty and streaming company, focused on 21 ....

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Anglo Pacific Group PLC Announces 2020 Trading Update


Anglo Pacific Group PLC Announces 2020 Trading Update
LONDON, UK / ACCESSWIRE / February 8, 2021 / Anglo Pacific Group PLC (
Anglo Pacific or the
Company ) (LSE:APF)(TSX:APY), issues the following trading update for the period 1 October 2020 to 7 February 2021, which includes certain information for the year ended 31 December 2020. The Company expects to release its full year results on 24 March 2021. Unless otherwise stated, all unaudited financial information is for the quarter or year ended 31 December 2020.
Highlights:
£35m - £37m in portfolio contribution down ~40% vs. record year in 2019 (£59.5m)
Decrease in portfolio contribution primarily driven by softening in coal prices during 2020 and an associated reduction in the applicable royalty rate at Kestrel, together with a 10% decrease in sales volumes at Kestrel ....

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