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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: NNDIF

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Comment by ljp0101on Oct 12, 2022 8:27am
74 Views
Post# 35019013

RE:RE:RE:RE:RE:RE:RE:RE:RE:New Quarter - Fingers Crossed on Production Figures

RE:RE:RE:RE:RE:RE:RE:RE:RE:New Quarter - Fingers Crossed on Production Figures Going to lose some revenue / EBITDA in Q3 from lower free metal given zinc price was lower.

Europe (Nordics) has always had surplus refined and exported to the US. Now US needs to source marginal refined from Asia, which is why NA trades at a premium to Europe. This should be a twofer for CEZ because should be reaping a relative transport cost advantage on concentrate as the concentrate that was going to Europe needs to get redirected further afield ... but I imagine Glencore has found a way to pocket this, which I'm guessing is ~10/t of concentrate.
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