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Last $0.0005 USD
Change Today 0.00 / 0.00%
Volume 0.0
LBRMF On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

labrador iron mines holdings (LBRMF) Snapshot

Open
$0.0005
Previous Close
$0.0005
Day High
$0.0005
Day Low
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52 Week High
09/5/14 - $0.06
52 Week Low
02/24/15 - $0.0001
Market Cap
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Average Volume 10 Days
4.2K
EPS TTM
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Shares Outstanding
0.0
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for LABRADOR IRON MINES HOLDINGS (LBRMF)

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labrador iron mines holdings (LBRMF) 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 projects, known as the Schefferville Projects located in the Schefferville area of the Labrador. It holds interests in the Schefferville projects that include 4 mining leases covering approximately 510 hectares; 11 surface leases consisting of approximately 2,008 hectares; and 25 mineral rights licenses covering approximately 15,650 hectares in the provinces of Newfoundland and Labrador. The company also has interests in 447 mining claims, which comprise approximately 14,342 hectares, as well as an operating license over 142 mining claims covering approximately 2,050 hectares in Quebec. Labrador Iron Mines Holdings Limited was incorporated in 2007 and is headquartered in Toronto, Canada.

labrador iron mines holdings (LBRMF) Top Compensated Officers

Founder, Chairman and Chief Executive Officer...
Total Annual Compensation: C$475.0K
President and Chief Operating Officer
Total Annual Compensation: C$320.1K
Chief Financial Officer
Total Annual Compensation: C$144.0K
Senior Vice President of Operations
Total Annual Compensation: C$190.9K
Compensation as of Fiscal Year 2015.

labrador iron mines holdings (LBRMF) Key Developments

Labrador Iron Mines Holdings Limited. Reports Audited Earnings Results for the Year Ended March 31, 2015

Labrador Iron Mines Holdings Limited. reported audited earnings results for the year ended March 31, 2015. For the year, the company reported a net loss of $216.7 million or $1.72 per share, which included a non-cash asset impairment charge of $198.3 million related mainly to mineral property interests and property plant and equipment, previously reported for the quarter ended September 30, 2014. During the fiscal year, the company made capital expenditures of only $0.8 million in property, plant and equipment, which were limited to completing an expansion of the Silver Yards rail siding, funded by TSMC under a cooperation arrangement. Other than the foregoing, LIM has suspended its capital expenditure program as part of strict cost control measures in place.

Labrador Iron Mines Holdings Limited. Auditor Raises 'Going Concern' Doubt

Labrador Iron Mines Holdings Limited. filed its Annual on Jul 23, 2015 for the period ending Mar 31, 2015. In this report its auditor, McGovern, Hurley, Cunningham, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Labrador Iron Seeks To Sell Non-Core Assets

Labrador Iron Mines Holdings Limited. (OTCPK:LBRM.F) is seeking to sell assets. Labrador intends to develop and implement a comprehensive restructuring plan, which may require it to monetize certain non-core assets to fund its operating costs and other expenses or secure interim debtor-in-possession financing. Labrador is seeking to complete these proceedings as quickly as possible.

 

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