CA - Labrador Iron Ore Royalty GAAP EPS of C$0.80 revenue of C$54.9M; initiates FY24 outlook
2024-03-13 02:10:42 ET
- Labrador Iron Ore Royalty press release ( OTCPK:LIFZF ): Q4 GAAP EPS of C$0.80.
- Revenue of C$54.9M (+13.7% Y/Y).
- Royalty revenue was C$54.1 million for the quarter as compared to C$47.6 million for the same period in 2022.
- Fourth quarter 2023 cash flow from operations was C$26.4 million or C$0.41 per share compared to fourth quarter 2022 cash flow from operations of C$60.5 million or C$0.95 per share.
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Outlook ...
Rio Tinto's 2024 guidance for IOC's saleable production tonnage (CFS plus pellets) is 16.7 million to 19.6 million tonnes. This compares to 16.5 million tonnes of saleable production in 2023.
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The capital expenditures for 2024 at IOC are forecasted by IOC to be approximately US$431 million.
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