Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s): LIFZF

Steel Steel

Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.

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Labrador Iron Ore Royalty Corp

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Post by ElanS2on Jul 16, 2015 9:32am

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Post# 23929259

Thank-you Mr. Bone, IOC Prod and Sales for 2Q 2015

IOC production and sales tonnages are out for 2Q 2015. Mr. Bone seems to have a new habit of making useful info available. Good on him for that. With the incresased prod/sales, as well as the drop in the $Can, the profitability of IOC may hold a surprise later on this year. Reasons for being optimistic despite the drop in selling price.

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