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The latest update is out from Champion Iron ( (AU:CIA) ).
Champion Iron reported solid third-quarter FY2026 results, with production of 3.7 million wet metric tonnes of 66.5% Fe concentrate, record sales of 3.9 million dry metric tonnes and revenue of $472 million, translating into net income of $65 million, EBITDA of $152 million and EPS of $0.12. Operationally, the miner reduced Bloom Lake stockpiles by 1.1 million tonnes despite a late-December rail disruption, lifted material moved by 13% year-on-year, and maintained a competitive C1 cash cost of US$53/dmt, while ending the quarter with $245 million in cash and total liquidity of $751 million, underpinning ongoing capital spending and dividends. Strategically, Champion advanced its DRPF project on schedule, initiating mechanical commissioning of facilities that will convert half of Bloom Lake’s capacity to higher-value DR-quality pellet feed grading up to 69% Fe, with first shipments expected by mid-2026 and targeted premiums in markets such as the Middle East and North Africa. The company is also pursuing the acquisition of high-purity iron ore producer Rana Gruber with new financing support and progressing the Kami project feasibility study with Japanese partners, moves that collectively aim to diversify its asset base, enhance exposure to green steel markets and support long-term value creation for shareholders.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
More about Champion Iron
Champion Iron Limited is a Canadian-based iron ore producer focused on high-purity, high-grade concentrate from its flagship Bloom Lake mine in Québec. Listed in Toronto, Sydney and on OTC markets, the company targets premium segments of the global steel supply chain, including emerging demand for direct reduction (DR) quality iron ore products used in lower-emission steelmaking, and is expanding its portfolio through projects such as the DRPF upgrade and potential acquisitions like Norway’s Rana Gruber, as well as the Kami project with partners Nippon Steel and Sojitz.
Average Trading Volume: 1,368,146
Technical Sentiment Signal: Buy
Current Market Cap: A$3.3B
For an in-depth examination of CIA stock, go to TipRanks’ Overview page.