Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals

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.

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Noranda Income Fund Unit > New Quarter - Fingers Crossed on Production Figures

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Comment by Scotch12on Oct 07, 2022 4:16pm

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Post# 35013167

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

Was the unrealized gain not 130 million US last Q (reduced by an involuntary write down of $16.8 million)? My take from the last PR and conf call was that they did not expect to have the production issues resolved. This management team never appears to have positive upside surprizes (except for those that favour Glencore).

"The Fund has revised its annual production and sales target to between 225,000 and 240,000 tonnes of zinc, from its previously disclosed April 8, 2022 target of between 255,000 and 265,000 tonnes."

https://www.globenewswire.com/news-release/2022/07/26/2485476/0/en/Noranda-Income-Fund-Announces-Second-Quarter-2022-Results-Revises-Production-Guidance-Due-to-Ongoing-Production-Challenges.html

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