Stock Exchange Listing TSX - LIF

2019 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 2018 2017 
($ in millions except per share information) 
Revenue 130.9 158.6 
Net Income 128.5 157.3 
Cash Flow from Operations 148.8 (1)  167.0 (2)
Net Income per Share $2.01 $2.46 
Cash Flow from Operations per Share $2.32 (1) $2.61 (2)
Dividends Declared per Share $1.75 $2.65 

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

(2)Includes IOC dividends totaling $76.7 million or $1.20 per Share.


All amounts in CAD unless otherwise noted.