Labrador Iron Ore (TSE:LIF) has released an update.
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Labrador Iron Ore Royalty Corporation (LIORC) reported a favorable second quarter in 2024 with a 20% increase in net income per share compared to the same period in 2023, boosted by higher pellet sales, iron ore prices, and a favorable exchange rate. Despite global steel demand uncertainties and increased shipments from major producers, iron ore prices remained stable, and LIORC’s adjusted cash flow per share saw a significant rise. The company’s financial health appears robust, with dividends and equity earnings from the Iron Ore Company of Canada contributing positively to its performance.
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