Labrador Iron Ore Royalty Corporation (LIF.TO)
| Previous Close | 30.33 |
| Open | 30.40 |
| Bid | 30.58 x 0 |
| Ask | 30.58 x 0 |
| Day's Range | 30.23 - 30.68 |
| 52 Week Range | 28.48 - 34.18 |
| Volume | |
| Avg. Volume | 208,398 |
| Market Cap | 1.96B |
| Beta (5Y Monthly) | 1.10 |
| PE Ratio (TTM) | 9.69 |
| EPS (TTM) | 3.16 |
| Earnings Date | Aug 06, 2024 |
| Forward Dividend & Yield | 2.95 (9.73%) |
| Ex-Dividend Date | Jun 28, 2024 |
| 1y Target Est | 33.83 |
CNW GroupIOC Restarting Operations in Labrador City
On July 12, 2024 more than 7,000 residents of Labrador City (including more than 2,000 Iron Ore Company of Canada ("IOC") employees) were ordered by provincial authorities to evacuate the town due to the threat of nearby forest fires. That evacuation order was officially lifted on Monday July 22, 2024, and IOC has begun the process of restarting iron ore operations in Labrador City. In addition, IOC has announced that it has donated CAN$125,000 to the Canadian Red Cross to support relief efforts
CNW GroupLABRADOR IRON ORE ROYALTY CORPORATION (TSX:LIF) - RIO TINTO RELEASES IOC PRODUCTION AND SALES INFORMATION
Rio Tinto released its operations review for the second quarter ending June 30, 2024, which included Iron Ore Company of Canada (IOC) production and sales information. Specifically, Rio Tinto announced that in the second quarter of 2024, IOC had total saleable iron ore production of 3.72 million tonnes, comprised of 2.14 million tonnes of pellets and 1.58 million tonnes of concentrate for sale (CFS). Rio Tinto also announced that IOC had total iron ore sales in the second quarter of 2024 of 4.13
CNW GroupLabrador City ordered evacuated as wildfire approaches
Iron Ore Company of Canada is initiating a safe and coordinated temporary shut down of its operations in response to the Provincial Government's evacuation order for Labrador City. The order stems from extreme fire behaviour that has occurred yesterday and is expected to continue into today. The fire has the potential to grow significantly closer to Labrador West over the next 24 to 48 hours.
