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Champion Iron Ltd. (TSE:CIA)
TSX:CIA
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.07Last Year’s EPS
0.24Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jun 20, 2019
|% Change Since: 4.71%
|Next Earnings Date:Feb 14, 2019
Earnings Call Sentiment|Neutral
The earnings call highlighted significant operational challenges, particularly from unforeseen events like forest fires and logistical constraints. However, it also showcased strong community engagement, safety record, and strategic progress on growth projects. The financial performance and commitment to sustainability offer a positive outlook, though market pressures and operational costs remain concerns.Company Guidance
During the Q2 2025 earnings call, Champion Iron's CEO, David Cataford, highlighted several key metrics and events impacting their operations. The company produced approximately 3.17 million tonnes and sold over 3.25 million tonnes of iron ore, despite challenges from forest fires and major plant shutdowns. The strip ratio for the quarter stood at 1:1, with over 9 million tonnes of waste moved, aligning with their life-of-mine expectations. Financially, the company reported revenues of around $350 million, an EBITDA just under $75 million, and an EPS of $0.04 per share. The realized selling price in Canadian dollars was approximately CAD 107 per tonne, influenced by a negative provisional price adjustment due to fluctuating iron ore prices. Additionally, Champion Iron invested $65 million in a flotation plant and maintained a robust balance sheet, allowing for a semiannual dividend of $0.10 per share. Looking forward, the company is focused on advancing its DR-grade material production to meet growing demand, expecting to finalize the flotation plant in the second half of 2025 while targeting a 40% reduction in CO2 emissions for Scope 1 and Scope 2 by 2030.Production and Sales Volumes
Produced 3.17 million tonnes and sold over 3.25 million tonnes of iron ore during the quarter despite challenges.
Safety and Environmental Performance
No significant workplace incidents or major environmental issues since the re-commissioning of Bloom Lake in 2018.
Community Engagement
Initiated a new program where staff spend two days in the First Nations community to strengthen partnerships.
Railcar Acquisition
Started receiving rolling stocks of railcars to improve logistics and flexibility.
Strip Ratio Achievement
Achieved a strip ratio of 1:1 due to new equipment and efficiencies at the mine.
Financial Metrics
Reported quarterly revenues of $350 million and an EBITDA just shy of $75 million.
Dividend Declaration
Declared the seventh consecutive semiannual dividend of $0.10 per share.
Growth Projects Progress
Flotation plant project on track for delivery on time and on budget, with half of the CapEx already spent.
Commitment to CO2 Reduction
Committed to a 40% reduction in CO2 emissions for Scope 1 and Scope 2 by 2030.
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TSE:CIA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CIA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$5.31 | C$5.27 | -0.75% |
| Jul 30, 2024 | C$5.40 | C$5.70 | +5.56% |
| May 30, 2024 | C$6.17 | C$6.28 | +1.78% |
| Jan 30, 2024 | C$6.94 | C$7.04 | +1.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Champion Iron Ltd. (TSE:CIA) report earnings?
Champion Iron Ltd. (TSE:CIA) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Champion Iron Ltd. (TSE:CIA) earnings time?
Champion Iron Ltd. (TSE:CIA) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CIA EPS forecast?
TSE:CIA EPS forecast for the fiscal quarter 2025 (Q3) is 0.07.
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