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Last $0.0006 USD
Change Today 0.00 / 0.00%
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LBRMF On Other Exchanges
As of 8:10 PM 10/1/15 All times are local (Market data is delayed by at least 15 minutes).

labrador iron mines holdings (LBRMF) Snapshot

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52 Week High
10/29/14 - $0.03
52 Week Low
02/24/15 - $0.0001
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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. Confirms Amendment to the Corporation's By-Laws

Labrador Iron Mines Holdings Limited. announced at its annual general meeting was held on September 15, 2015, the shareholders announced the confirmation of Amendment to the Corporation's By-Laws amending the quorum for Shareholder Meetings.

Labrador Iron Mines Holdings Limited. Reports Unaudited Financial Results for the First Quarter Ended June 30, 2015

Labrador Iron Mines Holdings Limited. reported unaudited financial results for the first quarter ended June 30, 2015. For the quarter, net loss was CAD 0.3 million or CAD 0.00 per share, which included an unrealized foreign exchange gain of CAD 0.5 million. Excluding this gain, the net loss during the first quarter was CAD 0.8 million or CAD 0.01 per share, mainly attributable to site standby costs, corporate and administrative costs and restructuring costs.

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.


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