Callinan Royalties has received interim quarterly payments for the quarter ending December 31st of just over 2.3 million dollars from the six and two thirds net profits interest royalty and almost 113 thousand dollars from the production royalty of 25 cents per ton of ore from Hudbay.  This is down from payments of just over 3.9 million dollars in the same quarter last year.  The payments are due to Callinan’s royalty interests on lands that include the Triple Seven and Triple Seven North mines in Flin Flon.

A Callinan release states the quarterly royalty income from these mines is lower than last year for the same period but they note some improvement compared to payment received in the last quarter.  They add they see this as a positive development given metal prices and challenges experienced at Triple Seven in 2013.