Labrador Iron Ore Royalty Corp. announced today that it has been advised that Iron Ore Company of Canada is adjusting its production to focus on meeting the demand for iron ore concentrate. The COVID-19 pandemic situation caused a slowdown in demand for pellets in various markets and industries across Europe and North America. LIORC understands that IOC is temporarily halting production of two pellet machines in Labrador [...]
Because of the threat of COVID-19, the Premier of Quebec has announced the closure of all non-essential businesses from midnight on March 24, 2020 to April 13, 2020. Labrador Iron Ore Royalty Corp. understands that the Quebec government has designated industrial complexes including the mining industry as essential industries, but instructed that such companies must reduce their business activity to the minimum. In [...]
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 $0.10 per Common Share for total dividends of $0.35 per Common Share. All amounts are payable to holders of record at the close of business on March 31, 2020 and to be paid on April 25, 2020. Iron Ore Company of Canada Dividend The Corporation [...]
Labrador Iron Ore Royalty Corp. is pleased to announce the appointment of Douglas McCutcheon and Dorothea Mell as Directors of the Corporation. The opportunity to add Doug and Dorothea to the Board was created by increasing the number of Directors from six to eight. Doug has extensive experience working in the finance industry globally, as both an investor and advisor. He is the President of a successful investment [...]
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 $0.80 per Common Share for total dividends of $1.05 per Common Share. All amounts are payable to holders of record at the close of business on December 31, 2019 and to be paid on January 25, 2020. Total aggregate dividends declared in 2019 was $4.00 [...]
Labrador Iron Ore Royalty Corp. announced that Iron Ore Company of Canada has declared a dividend payable on December 19, 2019. The Corporation's portion is U.S. $33,975,000 or about CDN. $45.0 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, 2019. Royalty revenue for the third quarter of 2019 amounted to $45.5 million, as compared to $44.0 million for the third quarter of 2018. Equity earnings from IOC amounted to $32.0 million or $0.50 per share in the third quarter of 2019 as compared to $30.6 million or $0.48 per share in the third [...]
Canada's premier equities marketplace launches new program to showcase top performing companies, TSX to host market open ceremony September 27 Toronto Stock Exchange today announced the inaugural TSX30, a flagship program recognizing the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation. The list of 2019 winners features both newer and established listed companies [...]
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 $0.75 per Common Share for total dividends of $1.00 per Common Share. All amounts are payable to holders of record at the close of business on September 30, 2019 and to be paid on October 25, 2019. SOURCE Labrador Iron Ore Royalty Corp. Contact John [...]
Labrador Iron Ore Royalty Corp. announced today its operation and cash flow results for the second quarter ended June 30, 2019. Royalty revenue for the second quarter of 2019 amounted to $52.6 million as compared to $5.1 million for the second quarter of 2018. Equity earnings from IOC amounted to $33.9 million or $0.53 per share in the second quarter of 2019 as compared to a loss of $6.1 million or $0.09 per share in the [...]
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 $0.65 per Common Share for total dividends of $0.90 per Common Share. All amounts are payable to holders of record at the close of business on June 30, 2019 and to be paid on July 25, 2019. SOURCE Labrador Iron Ore Royalty Corp. Contact John F [...]