Callinan Royalties has received interim quarterly payments for the quarter ended March 31st of almost 1.3 million dollars from the six and two thirds net profits interest royalty and just over 107 thousand dollars from the production royalty of 25 cents per ton of ore from Hudbay.  This is down from total payments of almost 2.3 million dollars in the same quarter of 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 as metal prices and challenges experienced at the Triple Seven mine in 2013 continued in early 2014.