Labrador Iron Ore (TSE:LIF) has released an update.
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Labrador Iron Ore Royalty Corporation (TSX:LIF) reports stable production guidance for 2023, with the Iron Ore Company of Canada (IOC) achieving a saleable production of 4.45 million tonnes and sales totaling 4.52 million tonnes in the first quarter of 2024. The company, which has a significant interest in IOC and benefits from royalties and commissions on iron ore sales, will announce its Q1 2024 results on May 8, 2024. This performance is in line with Rio Tinto’s released operational data and suggests consistent returns for stakeholders.
For further insights into TSE:LIF stock, check out TipRanks’ Stock Analysis page.
