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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 ZincDink1on Mar 02, 2020 1:05am
164 Views
Post# 30754412

RE:RE:Looking at TD report

RE:RE:Looking at TD report
If you look at things a little bit more, revenues were down as zinc prices were down for that quarter - but raw material costs were also down. For 2019 they sold 168 M$ with a raw cost of 128 (40 M$). In 2018 they sold 192 with a raw cost of 171 (21 M$).

Just noticed SA costs were up almost 1 M$ for this quarter compared to last year. Management party fund?

I agree with you though that revenue looks a bit lite.

The cloak and dagger stuff about TC costs is going to be a bit of a worry.
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