Labrador Iron Ore Royalty Corp. announced today its operation and cash flow results for the first quarter ended March 31, 2022. Financial Performance In the first quarter of 2022, LIORC's financial results were negatively impacted by lower sales of concentrate and lower average realized concentrate and pellet prices. Royalty revenue for the first quarter of 2022 amounted to $53.7 million compared to $65.2 million for the [...]
Rio Tinto released its quarterly operational report for the first quarter ending March 31, 2022, which included Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that in the first quarter of 2022, IOC had total saleable iron ore production of 4.09 million tonnes, comprised of 2.46 million tonnes of pellets and 1.64 million tonnes of concentrate for sale. Rio Tinto also [...]
The Directors of Labrador Iron Ore Royalty Corp. declared today a quarterly cash dividend of $0.50 per Common Share. The dividend is payable to holders of record at the close of business on March 31, 2022 and is to be paid on April 26, 2022. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and [...]
On January 18, 2022, Rio Tinto released its quarterly operational report for the fourth quarter ending December 31, 2021, which included Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that in the fourth quarter of 2021, IOC had total saleable iron ore production of 4.26 million tonnes, comprised of 2.54 million tonnes of pellets and 1.72 million tonnes of concentrate for [...]
The Directors of Labrador Iron Ore Royalty Corp. declared today a quarterly cash dividend of $1.15 per Common Share. The dividend is payable to holders of record at the close of business on December 31, 2021 and is to be paid on January 26, 2022. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and [...]
Labrador Iron Ore Royalty Corp. announced that Iron Ore Company of Canada has declared a dividend payable on December 23, 2021. The Corporation's portion is U.S. $37,750,000 or about CDN. $47.9 million. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a [...]
Labrador Iron Ore Royalty Corp. announced today its operation and cash flow results for the quarter ended September 30, 2021. Financial Performance In the third quarter of 2021, LIORC's financial results benefited from higher iron ore prices and pellet premiums, partially offset by lower volumes of concentrate for sale sales. Royalty revenue for the third quarter of 2021 amounted to $74.2 million compared to $52.4 million [...]
Today Rio Tinto released its quarterly operational report for the third quarter ending September 30, 2021, which included Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that in the third quarter of 2021, IOC had total saleable iron ore production of 3.68 million tonnes, comprised of 2.27 million tonnes of pellets and 1.41 million tonnes of concentrate for sale . Rio Tinto [...]
The Directors of Labrador Iron Ore Royalty Corp. declared today a quarterly cash dividend of $2.10 per Common Share. The dividend is payable to holders of record at the close of business on September 30, 2021 and is to be paid on October 26, 2021. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and [...]
Labrador Iron Ore Royalty Corp. announced that Iron Ore Company of Canada has declared a dividend payable on September 23, 2021. The Corporation's portion is U.S. $67,950,000 or about CDN. $85.7 million. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a [...]
Iron Ore Company of Canada today announced the appointment of Mike McCann as President and Chief Executive Officer of IOC, effective September 20, 2021. Mike is a highly experienced business leader with 30 years of operational experience in the mining and processing industry. Mike was previously the Head of Strategic Business Projects at Vale's Base Metals division, where he helped advance the development of new assets [...]
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