Stock Exchange Listing TSX - LIF

2020 First Quarter Report
Labrador Iron Ore Royalty Corporation ("LIORC") is a Canadian corporation formed to give effect to the conversion of the Labrador Iron Ore Royalty Income Fund (the “Fund”) into a corporation under a plan of arrangement completed on July 1, 2010. It holds a 15.10% equity interest in Iron Ore Company of Canada (“IOC”) directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited (Hollinger-Hanna), and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

Investment Highlights

Year ended December 31 2019 2018 
($ in millions except per share information) 
Revenue 178.3 130.9 
Net Income 205.3 128.5 
Cash Flow from Operations 224.6 (1)  148.8 (2)
Net Income per Share $3.21 $2.01 
Cash Flow from Operations per Share $3.51 (1) $2.32 (2)
Dividends Declared per Share $4.00 $1.75 

(1)Includes IOC dividends totaling $110.1 million or $1.72 per Share.

(2)Includes IOC dividends totaling $83.9 million or $1.31 per Share.


All amounts in CAD unless otherwise noted.