Labrador Iron Ore Royalty Corporation (T:LIF)
Business Focus: Iron Ore Mining
| Sector: Basic Materials | Industry: Iron & Steel |
| Company Contact | |
| Address: | 31 Adelaide St. E. PO Box 957 TORONTO ON M5C 2K3 |
| Tel: | N/A |
| Website: | https://labradorironore.com |
| IR: | See website |
| Key People | ||
| John F. Tuer President, Chief Executive Officer, Director | Alan R. Thomas Chief Financial Officer | Sandra Louise Rosch Executive Vice President, Director |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Labrador Iron Ore Royalty Corporation revenues decreased 14% to C$201.3M. Net income decreased 30% to C$186.3M. Revenues reflect Iron Ore - Production - Total decrease of 7% to 17.7M metric tons, IOC Commissions decrease of 1% to C$1.6M. Net income also reflects Equity earnings in IOC decrease of 45% to C$84.7M (income). Dividend per share decreased from C$3.10 to C$2.55. |
| Employees: | 2,989 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,919M as of Dec 31, 2023 |
| Annual revenue (TTM): | $201.30M as of Dec 31, 2023 |
| EBITDA (TTM): | $158.53M as of Dec 31, 2023 |
| Net annual income (TTM): | $186.31M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$26.71M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 64,000,000 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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