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Labrador Iron Ore Royalty Corporation - Results for the First Quarter Ended March 31, 2021


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 mi ....

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Labrador Iron Ore Royalty Corporation (TSX:LIF) - IOC 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 ....

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