Labrador Iron Ore Royalty Corporation Announces Results of Election of Directors
Labrador Iron Ore Royalty Corporation announced the results of the election of directors at its annual and special 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, 2021 were elected as directors of the Corporation. The vote was conducted by electronic ballot. The number of common …
Labrador Iron Ore Royalty Corporation (the ” Corporation “) (TSX: LIF) announced the results of the election of directors at its annual and special meeting of holders of common shares held today by way of a virtual meeting.
On May 13, we issued an updated research report on Franco-Nevada Corp FNV. The company is well poised for growth backed by its healthy and diversified portfolio of streaming and royalty agreements, and a debt-free balance sheet. The company continues to deliver improved margins, aided by its continued focus on cost management. However, uncertainty regarding the pandemic’s impact on the company’s mining operators and decline in gold prices remain.
(1) of $17.8 million ($0.43 per share
(1)) for the quarter ended March 31, 2021 which was up 9% from royalty revenue of $16.3 million ($0.39 per share) reported in Q1 2020.
Adjusted EBITDA
(1) for the quarter was $14.6 million or $0.35 per share, up 15% from Adjusted EBITDA of $12.7 million ($0.30 per share
(1)) in Q1 2020. The adjusted EBITDA margin for the quarter was 82%.
Adjusted operating cash flow of $8.8 million or $0.21 per share is down by 33% from the comparable quarter last year mainly because of the deferred timing of corporate tax installments during the prior year period.
Net earnings in Q1 2021 are $11.8 million, and on an adjusted basis are $6.3 million or $0.14 per share compared to $3.4 million or $0.08 per share of adjusted earnings in Q1 2020. The main adjusting items in the current quarter are a $0.09 gain on fair value of a derivative (due to increases in unrealized value of warrants in the junior equity portfolio) and a reversal of an impairment charge re
Accord, CIBC, Generic Gold at 52-Week Highs on News Accord Financial Corp. (T.ACD) hit a new 52-week high of $8.50 on Thursday. Accord Financial today announced the voting results from its Annual and Special Meeting of Shareholders held on May 5 in Toronto, Ontario .Shareholders voted in favour of all items of business put forth at the meeting as set out below. A total of 6,330,020 shares were represented at the ASM representing 73.96% of the total issued and outstanding shares.
Canadian Imperial Bank of Commerce (T.CM) hit a new 52-week high of $130.16 on Thursday. CIBC Innovation Banking has provided a Capital Call Line of Credit to Vanedge Capital III L.P., an early-stage venture capital fund.