Stock Exchange Listing TSX - LIF

2018 Third Quarter Report
Labrador Iron Ore Royalty Corporation (“LIORC”) is a Canadian corporation resulting from the conversion of Labrador Iron Ore Royalty Income Fund (the “Fund”) under an Arrangement effective 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 2017 2016 
($ in millions except per share information) 
Revenue 158.6 115.1 
Net Income 157.3 78.2 
Cash Flow from Operations 167.0 (1)  63.5(2) 
Net Income per Share $2.46 $1.22 
Cash Flow from Operations per Share $2.61 (1) $0.99(2) 
Dividends per Share $2.65 $1.00 

[1]Includes IOC dividends totaling $76.7 million or $1.20 per Share.

[2]Includes IOC dividend totaling $15.1 million or $0.23 per Share.


All amounts in CAD unless otherwise noted.