06
Mar
19:28
Labrador Iron announces earnings for 2019
Canadian-based Labrador Iron Ore Royalty Corporation (LIORC) has released its year-end financial results for 2019, Kallanish reports.
Labrador Iron says that the increase in cash flows, equity earnings, and net income were due to an increase in sales for concentrates and pellets in 2019 compared to 2018 because of a decrease in production due to work stoppage in the second quarter of 2018. Additionally, continued demand for iron ore from China and a reduced s…
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