LIFZF - Labrador Iron Ore Royalty GAAP EPS of $0.70 revenue of $48.3M

2023-03-08 04:57:10 ET

• Labrador Iron Ore Royalty press release ( OTCPK:LIFZF ): Q4 GAAP EPS of $0.70.
• Revenue of $48.3M (-19.6% Y/Y).
• Total concentrate production in 2022 was 19.1 million tonnes.
• Outlook: Rio Tinto's 2023 guidance for IOC's saleable production tonnage (CFS plus pellets) is 17.9 million to 19.6 million tonnes. This compares to 17.6 million tonnes of saleable production in 2022. Despite the lower current pellet premiums, it is expected that IOC will continue to focus on maximizing pellet production in 2023.
• The capital expenditures for 2023 at IOC are forecasted by IOC to be approximately $534 million.

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