Labrador Iron Ore Royalty Corporation announced today its operation and cash flow results for the first quarter ended March 31, 2021 . Financial Performance In the first quarter of 2021, LIORC’s financial results benefited from higher iron ore prices and pellet premiums, partially offset by lower volumes of pellet sales. Royalty revenue for the first quarter of 2021 amounted to $65.2 million compared to $47.6 …
Labrador Iron Ore Royalty Corporation (“LIORC”) (TSX: LIF) announced today its operation and cash flow results for the first quarter ended March 31, 2021 . Financial Performance In the first quarter of 2021, LIORC’s financial results benefited from higher iron ore prices and pellet premiums, partially offset by lower volumes of pellet sales. Royalty revenue for the first quarter of 2021 amounted to $65.2 million compared to $47.6 million for the first quarter of 2020. Equity earnings from Iron Ore Company of Canada (“IOC”) were $57.0 million in th
Iron Ore Company of Canada has provided Labrador Iron Ore Royalty Corporation with the following update on the situation at IOC’s Sept-Îles port facilities following the fire at Reclaimer no. 2. After initial assessment of the damages, IOC estimates that repairs to Reclaimer no. 2 will be completed in Q4-2021. Currently, Reclaimer no. 1 is in full operation and IOC is also able to by-pass the damaged …
Iron Ore Company of Canada (“IOC”) has provided Labrador Iron Ore Royalty Corporation (the “Corporation”) with the following update on the situation at IOC’s Sept-Îles port facilities following the fire at Reclaimer no. 2.
Iron Ore Company of
March 31, 2021, there was a fire at reclaimer no. 2 at
IOC s Sept-Îles port facilities. The fire was brought under control and there were no injuries. The cause of the fire remains unknown at this time, and an investigation process is ongoing and
IOC is still assessing the impact on its operation. IOC has declared force majeure on its contracts and is working with customers to minimize disruption.
About
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
10 cent per tonne commission on all iron ore products produced, sold and shipped by
Labrador Iron Ore Royalty Corporation announced today that it has been advised by Iron Ore Company of Canada that on March 31, 2021 there was a fire at reclaimer no. 2 at IOC’s Sept-Îles port facilities. The fire was brought under control and there were no injuries. The cause of the fire remains unknown at this time, and an investigation process is ongoing and IOC is still assessing the impact on its operation. …
Labrador Iron Ore Royalty Corporation (the “Corporation”) announced today that it has been advised by Iron Ore Company of Canada (“IOC”) that on March 31, 2021 there was a fire at reclaimer no. 2 at IOC’s Sept-Îles port facilities. The fire was brought under control and there were no injuries. The cause of the fire remains unknown at this time, and an investigation process is ongoing and IOC is still assessing the impact on its operation. IOC has declared force majeure on its contracts and is working with customers to minimize disruption.
Labrador Iron Ore Royalty Corporation announced the results of its operations for the year ended December 31, 2020 . To the Holders of Common Shares of Labrador Iron Ore Royalty Corporation The Directors of Labrador Iron Ore Royalty Corporation present the Annual Report for the year ended December 31, 2020 . 83 Years in Labrador West Labrador Iron Ore Royalty Corporation has been involved in Labrador West for 83 …
Labrador Iron Ore Royalty Corporation (“LIORC”) (TSX: LIF) announced the results of its operations for the year ended December 31, 2020 . To the Holders of Common Shares of Labrador Iron Ore Royalty Corporation The Directors of Labrador Iron Ore Royalty Corporation (“LIORC” or the “Corporation”) present the Annual Report for the year ended December 31, 2020 .