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An announcement from Labrador Iron Ore ( (TSE:LIF) ) is now available.
Rio Tinto released its quarterly operational report for the fourth quarter of 2024, highlighting IOC’s production and sales figures. IOC reported a total saleable iron ore production of 4.31 million tonnes and total sales of 4.25 million tonnes for the period. The report also outlined IOC’s production guidance for 2025, setting a target of 16.5 to 19.4 million tonnes. These figures are significant for Labrador Iron Ore Royalty Corporation, which benefits from royalties on IOC’s production and sales, indicating potential revenue implications for the corporation.
More about Labrador Iron Ore
Labrador Iron Ore Royalty Corporation holds a 15.10% equity interest in the Iron Ore Company of Canada (IOC) and benefits from a 7% gross overriding royalty on all iron ore products produced, sold, and shipped by IOC. Additionally, it earns a commission of 10 cents per tonne on all iron ore products produced and sold by IOC.
YTD Price Performance: 1.57%
Average Trading Volume: 228,306
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$1.9B
Find detailed analytics on LIF stock on TipRanks’ Stock Analysis page.