Last C$0.12 CAD
Change Today 0.00 / 0.00%
Volume 111.2K
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As of 3:28 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

labrador iron mines holdings (LIM) Snapshot

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52 Week High
05/14/13 - C$0.72
52 Week Low
04/1/14 - C$0.11
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labrador iron mines holdings (LIM) Details

Labrador Iron Mines Holdings Limited engages in the exploration, development, and mining of iron ore projects in Canada. The company focuses on the development and production of its 20 direct shipping iron ore deposits located in the Schefferville area of the Labrador. It primarily holds interests in the Schefferville projects that include 4 mining leases covering approximately 511 hectares, 11 surface leases covering approximately 2,008 hectares, and 26 mineral rights licenses covering approximately 16,625 hectares in western Newfoundland and Labrador; and 447 mining rights in Quebec, which cover approximately 14,341.81 hectares, as well as 146 mining leases in Quebec. Labrador Iron Mines Holdings Limited was incorporated in 2007 and is headquartered in Toronto, Canada.

150 Employees
Last Reported Date: 07/2/13
Founded in 2007

labrador iron mines holdings (LIM) Top Compensated Officers

Founder, Chairman and Chief Executive Officer...
Total Annual Compensation: C$475.0K
President and Chief Operating Officer
Total Annual Compensation: C$350.0K
Chief Financial Officer
Total Annual Compensation: C$144.0K
Senior Vice President of Operations
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2013.

labrador iron mines holdings (LIM) Key Developments

Labrador Iron Mines Holdings Limited Announces Financial and Operating Results for the Third Quarter and Nine Months Ended December 31, 2013

Labrador Iron Mines Holdings Limited announced financial and operating results for the third quarter and nine months ended December 31, 2013. During the quarter, LIM sold four shipments of iron ore totalling 680,000 wet tonnes (629,000 dry tonnes) and reported revenue of $28.4 million. The company reported a net loss of $31.3 million or $0.25 per share, which included a depletion and depreciation charge of $11.3 million or $0.09 per share. For the nine months ended December 31, 2013, the company reported a net loss of $84.7 million, negative cash flow from operations of $33.4 million and an ending working capital deficit of $27.1 million. The company operational results for the third quarter. During the third quarter, high volumes of mining, processing, railing and sales were achieved prior to the planned seasonal shutdown, as LIM continued to mine ore at approximately the same monthly rate as in the second quarter. Ore was extracted primarily from the James Mine (445,000 tonnes) and the Ferriman stockpiles (157,000 tonnes), with a small portion from the Redmond Mine (16,000 tonnes), for an aggregate of 618,000 tonnes of ore and 222,000 tonnes of waste mined during the quarter. The iron grade of ore mined during the 2013 operating season continued to be lower than the iron grade of ore mined in previous operating seasons. Processing activities continued until mid-November. A total of 670,000 tonnes of plant feed were processed and screened during the third quarter, producing an aggregate of 438,000 tonnes of lump and sinter iron ore product, yielding a product recovery rate of 65%. While this represented an improvement over the 61% product recovery rate achieved in the preceding quarter, it was still below the combined design plant recovery rate for the wet and dry plants of approximately 75%. Rail haulage continued until the end of November. Railway volumes continued at a strong rate with four train sets of 164 railcars in operation during the quarter and LIM railed a total of approximately 495,000 tonnes of iron ore to the Port of Sept-Iles.

Labrador Iron Mines Holdings Limited., Q3 2014 Earnings Call, Feb 14, 2014

Labrador Iron Mines Holdings Limited., Q3 2014 Earnings Call, Feb 14, 2014

Labrador Iron Mines Holdings Limited. Presents at PDAC 2014, Mar-03-2014 02:15 PM

Labrador Iron Mines Holdings Limited. Presents at PDAC 2014, Mar-03-2014 02:15 PM. Venue: Metro Toronto Convention Centre, South Building, Toronto, Ontario, Canada. Speakers: Jospeh Lanzon.


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LIM Competitors

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Company Last Change
Adriana Resources Inc C$0.18 CAD -0.015
Alderon Iron Ore Corp C$1.63 CAD +0.03
Century Iron Mines Corp/ON C$0.63 CAD 0.00
Champion Iron Ltd A$0.54 AUD +0.02
New Millennium Iron Corp C$0.41 CAD +0.01
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