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Bullboard - Stock Discussion Forum
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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TSX:LIF - Post Discussion
Labrador Iron Ore Royalty Corp
> Climbing
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•••
TheBridge
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Post by
TheBridge
on Sep 23, 2024 8:08pm
Climbing
Finally and hopefully on the climb to the $35 mark.
(156)
•••
JayBanks
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Comment by
JayBanks
on Sep 23, 2024 10:26pm
But is it going to remain at 95 cents for all 4 quarters? Since 2017 it's been variable, the base + 3-4 quarters of specials, since Covid the specials are wrapped up just the dividend. Usually the October payout is one of the two highest with January's payout, likely due to increased volumes of shipping in the summer, but the July and April payouts are typically lower
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TheBridge
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Comment by
TheBridge
on Sep 25, 2024 10:02pm
Still climbing.
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