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(1) of $17.8 million ($0.43 per share (1)) for the quarter ended March 31, 2021 which was up 9% from royalty revenue of $16.3 million ($0.39 per share) reported in Q1 2020. Adjusted EBITDA (1) for the quarter was $14.6 million or $0.35 per share, up 15% from Adjusted EBITDA of $12.7 million ($0.30 per share (1)) in Q1 2020. The adjusted EBITDA margin for the quarter was 82%. Adjusted operating cash flow of $8.8 million or $0.21 per share is down by 33% from the comparable quarter last year mainly because of the deferred timing of corporate tax installments during the prior year period. Net earnings in Q1 2021 are $11.8 million, and on an adjusted basis are $6.3 million or $0.14 per share compared to $3.4 million or $0.08 per share of adjusted earnings in Q1 2020. The main adjusting items in the current quarter are a $0.09 gain on fair value of a derivative (due to increases in unrealized value of warrants in the junior equity portfolio) and a reversal of an ....
After a rocky start, a museum and tourist attraction in Bethel will unlock its doors to the public Friday for the third time in 16 months. The Maine Mineral & Gem Museum is scheduled to welcome visitors, again, tomorrow at 10 a.m. The museum houses 19 interactive exhibits and some 46,000 gems, mineral specimens and even meteorites, including the five largest chunks of the moon on Earth. Plans began over a decade ago for the museum, but it first opened in December 2019 and quickly grabbed media attention. The Boston Globe called the museum “astounding,” the New York Times said it was “world-class,” and the Wall Street Journal described the MMGM as “a museum that rocks.” ....
Wolfden Resources Corporation: Wolfden Reports on Rice Island Drill Program, Snow Lake, Manitoba (TSXV:WLF) ( Company ) is pleased to announce that it has completed a 5-hole, 2,300 metre winter diamond drilling program on is wholly owned Rice Island Nickel-Copper-Cobalt-Platinum Group Elements Project in Snow Lake, Manitoba and is waiting for assay results. Three of the four holes that targeted the nickel-rich Keel and Feeder Zones interested encouraging sulphide mineralization and the fourth hole passed below the east-plunging mineralization. The fifth hole, that tested a regional airborne conductor and magnetic target, yielded a 138 metre-long zone with approximately 40% sulphides (pyrite and pyrrhotite). The drill program was funded in part with the support of a $230,000 grant from the Manitoba Government Mineral Development Fund. ....