Today Rio Tinto released its quarterly operational report for the fourth quarter ending December 31, 2020, which included Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that in the fourth quarter of 2020, IOC had total saleable iron ore production of 4.67 million tonnes, comprised of 2.46 million tonnes of pellets and 2.21 million tonnes of concentrate for sale . Rio Tinto [...]
The Directors of Labrador Iron Ore Royalty Corp. declared today a quarterly cash dividend of $1.80 per Common Share. The dividend is payable to holders of record at the close of business on December 31, 2020 and is to be paid on January 26, 2021. The Corporation has decided to end the practice of designating dividends as either regular or special dividends. Currently, many third-party investor information services do not [...]
Labrador Iron Ore Royalty Corp. announced today that it has been advised that the Innu communities of Uashat mak Mani-utenam and Matimekush-Lac John signed a Reconciliation and Collaboration Agreement with the Iron Ore Company of Canada. The life of mine agreement lays the groundwork for a mutually beneficial relationship based on dialogue, collaboration and trust between the company and the two communities over the [...]
Labrador Iron Ore Royalty Corp. announced that Iron Ore Company of Canada has declared a dividend payable on December 17, 2020. The Corporation's portion is U.S. $67,950,000 or about CDN. $88.3 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 third quarter ended September 30, 2020. Royalty revenue for the third quarter of 2020 amounted to $52.4 million compared to $45.5 million for the third quarter of 2019. Net income was $57.7 million or $0.90 per share for the third quarter of 2020 compared to $57.5 million or $0.90 per share for the same period in 2019. Equity [...]
Today Rio Tinto released its quarterly operational report for the third quarter ending September 30, 2020, which included Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that in the third quarter of 2020, IOC had total saleable iron ore production of 3.99 million tonnes, comprised of 2.22 million tonnes of pellets and 1.77 million tonnes of concentrate for sale . Rio Tinto [...]
$0.45 per Common Share Comprised of a Regular Dividend of $0.25 and a Special Dividend of $0.20 The Directors of Labrador Iron Ore Royalty Corp. declared today a regular quarterly cash dividend of $0.25 per Common Share. The Directors also declared a special dividend of $0.20 per Common Share for total dividends of $0.45 per Common Share. All amounts are payable to holders of record at the close of business on September [...]
Labrador Iron Ore Royalty Corp. announced today its operation and cash flow results for the second quarter ended June 30, 2020. Royalty revenue for the second quarter of 2020 amounted to $46.2 million compared to $52.6 million for the second quarter of 2019. Net income was $48.9 million or $0.76 per share for the second quarter of 2020 compared to $61.1 million or $0.95 per share for the same period in 2019. Cash flow [...]
The Directors of Labrador Iron Ore Royalty Corp. declared today a regular quarterly cash dividend of $0.25 per Common Share. The Directors also declared a special dividend of $0.20 per Common Share for total dividends of $0.45 per Common Share. All amounts are payable to holders of record at the close of business on June 30, 2020 and to be paid on July 25, 2020. Iron Ore Company of Canada Dividend The Corporation [...]
Labrador Iron Ore Royalty Corp. announced the results of the election of directors at its annual meeting of holders of common shares held today by way of a virtual meeting. The following nominee directors listed in the Corporation's management information circular dated April 9, 2020 were elected as directors of the Corporation. The vote was conducted by electronic ballot. The number of common shares voted for the [...]
Labrador Iron Ore Royalty Corp. announced today its operation and cash flow results for the first quarter ended March 31, 2020. Royalty revenue for the first quarter of 2020 amounted to $47.6 million as compared to $38.5 million for the first quarter of 2019. Equity earnings from Iron Ore Company of Canada amounted to $24.7 million or $0.39 per share in the first quarter of 2020 as compared $22.4 million or $0.35 per [...]
Labrador Iron Ore Royalty Corp. announced today that the Ministry of Natural Resources of the Government of Newfoundland and Labrador has granted renewals of all 12 of LIORC's mining leases in accordance with their terms for an additional 30 years. The mining leases were initially granted in 1960, 1962, 1965 and 1971 and were for terms of 30 years with the right to renew the leases for two additional 30 year terms. All [...]
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