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6 stories mentioning ASX:CIA

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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Energy Resources of Australia (ASX:ERA): -20%, AU$0.002Champion Iron (ASX:CIA): -5%, AU$4.54Superloop (ASX:SLC): -5%, AU$3.42Weebit Nano (ASX:WBT): -4%, AU$7.05Helia Group (ASX:HLI): -3%, AU$4.84GemLife Communities Group (ASX:GLF): -3%, AU$4.45Karoon Energy (ASX:KAR): -3%, AU$1.94Viva Energy Group (ASX:VEA): -2%, AU$2.11Ryman Healthcare (ASX:RYM): -2%, AU$1.88CSL (ASX:CSL): -2%, AU$96.05

ASX 200ASX:CIAASX:CSLASX:ERAASX:GLFASX:HLIASX:KARASX:RYMASX:SLCASX:VEAASX:WBT
Asia

Champion Iron Posts Lower Adjusted Earnings, Revenue for Fiscal Q4; Tweaks Divided Policy

Champion Iron (ASX:CIA) reported Thursday fiscal fourth-quarter adjusted earnings of CA$0.04 per share, down from CA$0.08 a year earlier.Analysts polled by FactSet expected CA$0.05.Revenue for the three months ended March 31 was CA$414.5 million, down from CA$425.3 million in the year-ago period.Analysts surveyed by FactSet expected CA$415.7 million.Champion Iron said its board approved a revised divided policy under which it aims to pay semi-annual dividends equivalent to 30% to 40% of the company's trailing six-month free cash flows. The new policy will apply to the semi-annual results for fiscal 2027.The company declared a semi-annual dividend of CA$0.02 per share, payable July 8 to shareholders on record as of June 12.The company's shares fell nearly 2% in recent Thursday trade.

ASX:CIA
Asia

Champion Iron's March Quarter Production Result Soft As Expected, Euroz Hartleys Says

Champion Iron's (ASX:CIA) March quarter production result was soft as expected due to railway interruptions in early January and bi-annual scheduled maintenance at both concentration plants, Euroz Hartleys said in a note on Thursday.Production was in line with estimates at 3.4 million tonnes, with higher-than-modeled recoveries offset by lower head grades against its estimates.Euroz Hartleys forecast fiscal 2026 revenue of CA$1.76 billion, earnings before interest, taxes, depreciation, and amortization of CA$490 million, earnings per share of CA$0.25, and a final dividend of CA$0.10 per share.The investment firm maintained its buy rating and price target of CA$7.70 per share on Champion Iron.Champion Iron's shares were up 3% in recent Friday trade.

ASX:CIA
Asia

Champion Iron Reports Higher Fiscal Q4 Iron Ore Concentrate Production

Champion Iron (ASX:CIA) reported fiscal fourth-quarter production of 3.4 million wet metric tonnes of iron ore concentrate, up 8% from about 3.2 million wet metric tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company reported quarterly sales of about 3.5 million dry metric tonnes, almost unchanged from the year-ago period.Champion Iron said commissioning for its Direct Reduction Pellet Feed project in Canada progressed as planned, with initial production tests completed in March and the production of commercially sellable product expected by the end of June.

ASX:CIA
Asia

Champion Iron March Quarter Outlook Flags Weaker Earnings, Euroz Hartleys Says

Champion Iron (ASX:CIA) is expected to deliver a softer March quarter than market expectations, with Euroz Hartleys citing operational headwinds including maintenance activity, rail disruptions, and pricing pressure, alongside progress on the Rana Gruber acquisition, according to a Monday note.Euroz Hartley has trimmed its March quarter forecasts for the company, pointing to a softer-than-expected operating environment across the period, with revenue, earnings before interest, taxes, depreciation, and amortization, and net income now forecast to come in 5%, 12%, and 82% below consensus, respectively, while production remains broadly steady but margins are weaker.The firm highlights the completed acquisition of Rana Gruber, noting a 92.5% acceptance rate, and estimates an initial net asset value contribution of AU$342 million under base assumptions, rising to AU$736 million at spot prices, based on a 15-year mine life at 5 million tonnes per annum throughput with improving concentrate grades.Euroz Hartleys kept a buy rating on Champion Iron with a price target of AU$7.70.

ASX:CIA
Asia

Champion Iron Completes Acquisition of Norwegian Iron Ore Producer

Champion Iron (ASX:CIA) completed its voluntary cash tender offer to acquire all of the issued and outstanding shares of Norway-based iron ore producer, Rana Gruber, at 79 Norwegian kroner each in cash, according to a Monday Australian bourse filing.Acceptances of the offer were received from a total of 34.3 million shares held by Rana Gruber's shareholders, representing 92.48% of issued and outstanding shares, the filing said.Champion plans to carry out a compulsory acquisition of the remaining shares of Rana Gruber in accordance with applicable Norwegian securities laws after the completion, per the filing. It also plans to take steps to delist Rana Gruber's shares from the Euronext Oslo Bors.

ASX:CIA