Investment Update | Review + Outlook
While iron ore prices have remained relatively robust thus far this year, we believe there is downside risk driven by new supply coming online and concerns over the sustainability of strong Chinese demand. We continue to expect IOC’s operations will benefit from rising production and declining costs going forward, which will partially mitigate the impact of volatile iron ore prices.
Labrador Iron Ore Royalty Corp, directly and through its wholly-owned subsidiary Hollinger-Hanna Limited ("Hollinger-Hanna"), holds a 15.10% equity interest in Iron Ore Company of Canada ("IOC"). Co. receives a 7% gross overriding royalty and Hollinger-Hanna receives a C$0.10 per tonne fee on all iron ore products produced, sold and shipped by IOC.
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