Labrador Iron Ore ( (TSE:LIF) ) has provided an update.
In 2024, LIORC reported a 4% increase in revenue to $209 million, despite a 6% decrease in net income per share due to lower equity earnings and a non-cash write-down. Cash flow from operations per share rose by 32%, driven by increased dividends from IOC. The global iron ore market faced challenges with lower prices and reduced demand, particularly in China, impacting the company’s financial performance.
More about Labrador Iron Ore
Labrador Iron Ore Royalty Corporation (LIORC) operates in the mining industry, focusing on iron ore products. The company has a long-standing presence in Labrador West, with a history of exploration and mining rights dating back to 1938. LIORC receives a 7% gross overriding royalty on iron ore products produced and sold by the Iron Ore Company of Canada (IOC).
YTD Price Performance: 3.08%
Average Trading Volume: 248,105
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$1.93B
See more data about LIF stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com