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 > IOC (Rio Tinto) large Dividend

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Comment by DaveInvestor59on Mar 14, 2022 1:01pm

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Post# 34512143

RE:RE:RE:RE:IOC (Rio Tinto) large Dividend

Those idiots in Labrador management, what did they think investors would do cutting the dividend of a "royalty" company by more than 50% during an environment such as this where iron ore prices are going up. Whoever made this decision should be terminated. I'd gladly do it since I've lost 20% of my capital today.

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