Champion Iron Ord Shs T.CIA

Alternate Symbol(s): CIAFF

Steel Steel

Champion Iron Limited is an Australia-based iron ore exploration and development company. The Company, through its wholly owned subsidiary, Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 kilometers (km) north of Fermont, Quebec. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-lles, Quebec, and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project, located a few km south-east of Bloom Lake, and the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.

TSX:CIA - Post by User

Champion Iron Ord Shs

<< Previous

Bullboard Posts

Next >>

Post by Betteryear2on Jul 28, 2023 5:26am

224 Views

Post# 35561019

CHAMPION IRON REPORTS RECORD PRODUCTION

Record quarterly production of 3.4M wmt, revenue of $297M, EBITDA of $66M1 and EPS of $0.03
Approximately 1.3M wmt of stockpiled iron ore concentrate inventories accumulated during the recent forest fires, expected to be gradually sold as rollingstock capacity increases in the upcoming quarters

MONTRAL, July 27, 2023 /CNW/ - (SYDNEY, July 28, 2023) - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") is pleased to announce its operational and financial results for the 2024 financial year first quarter ended June 30, 2023.

CHAMPION IRON REPORTS RECORD PRODUCTION FOR ITS FY2024 FIRST QUARTER (newswire.ca)