Labrador Iron Ore Reports IOC's Q1 Production, Sales
Labrador Iron Ore Royalty (LIF.TO), down 1.8% on last look, said Tuesday the Iron Ore Company of Canada (IOC), majority-owned by Rio Tinto (RIO), had total saleable iron-ore production of 3.44-million tonnes in the first quarter, made up of 1.72-million tonnes of pellets and 1.72-million tonnes of concentrate for sale (CFS).Labrador Iron Ore, which has a 15.1% equity stake in IOC, notes it reported total iron ore sales in the first quarter of 3.29 million tonnes, comprised of 2.14 million tonnes of pellets and 1.15 million tonnes of CFS.IOC's 2026 sales guidance (pellets and CFS) of between 15 million tonnes to 18 million tonnes was maintained.Labrador Iron Ore will release its first quarter results after the market close on May 4.Labrador Iron Ore shares were last seen down $0.51, to $28.20, on the Toronto Stock Exchange.Price: $28.20, Change: $-0.51, Percent Change: -1.78%