Champion Iron ( (AU:CIA) ) just unveiled an announcement.
Champion Iron reported a quarterly production of 3.2 million wet metric tonnes (wmt) and record sales of 3.5 million dry metric tonnes (dmt) for the fourth quarter of FY2025. Despite a 13% decrease in production due to scheduled maintenance, the company achieved an 18% year-over-year increase in sales, aided by improved rail shipment capabilities. The company reduced its stockpiled iron ore at Bloom Lake and reported a cash balance increase to $117.5 million, supporting its growth initiatives, including the DRPF project and the Kami Project partnership. Champion Iron is advancing its DRPF project, expected to start commissioning in December 2025, and is progressing with its partnership for the Kami Project with Nippon Steel Corporation and Sojitz Corporation. The company also received financial support from the Government of Québec for innovative technology developments.
More about Champion Iron
Champion Iron Limited operates in the mining industry, focusing on the production of high-grade iron ore concentrate. The company is engaged in the extraction and processing of iron ore, primarily from its Bloom Lake mine, and is involved in various growth initiatives, including the development of the DRPF project and the Kami Project partnership.
YTD Price Performance: -26.37%
Average Trading Volume: 473,565
Technical Sentiment Signal: Buy
Current Market Cap: C$2.03B
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