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Last $0.0010 USD
Change Today -0.0004 / -28.57%
Volume 2.4K
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

labrador iron mines holdings (LBRMF) Snapshot

Open
$0.0012
Previous Close
$0.0014
Day High
$0.0012
Day Low
$0.0010
52 Week High
06/6/14 - $0.10
52 Week Low
02/24/15 - $0.0001
Market Cap
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Average Volume 10 Days
8.6K
EPS TTM
--
Shares Outstanding
0.0
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LABRADOR IRON MINES HOLDINGS (LBRMF)

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labrador iron mines holdings (LBRMF) Details

Labrador Iron Mines Holdings Limited is engaged 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.

33 Employees
Last Reported Date: 06/30/14
Founded in 2007

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$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 2014.

labrador iron mines holdings (LBRMF) Key Developments

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.

Labrador Iron Mines Holdings Limited. Announces Unaudited Earnings Results for the Third Quarter Ended December 31, 2014

Labrador Iron Mines Holdings Limited. announced unaudited earnings results for the third quarter ended December 31, 2014. For the third quarter ended December 31, 2014, the company reported a net loss of $3.0 million, or $0.02 per share, which was mainly attributable to exploration costs, corporate and administrative costs and an unrealized foreign exchange loss. LIM did not ship any iron ore product during the quarter ended December 31, 2014. Accordingly, no net revenue was recognized from mining operations during the period.

Labrador Iron Mines Holdings Limited. Reports Financial Results for the Second Quarter Ended September 30, 2014; Reports Impairment Charges for the Second Quarter Ended September 30, 2014

Labrador Iron Mines Holdings Limited. reported financial results for the second quarter ended September 30, 2014. For the fiscal second quarter, the company reported a net loss of CAD 204.7 million, or CAD 1.62 per share, which included non-cash asset impairment charges of CAD 198.2 million. Excluding impairment charges, the net loss of CAD 6.5 million during the quarter was mainly attributable to site standby and development costs, depreciation and depletion, corporate and administrative costs and an unrealized foreign exchange loss. The company invested CAD 0.8 million in property, plant and equipment, related mainly to an expansion of the Silver Yards rail siding and the construction of a landfill. The expansion of the Silver Yards rail siding was entirely funded by Tata Steel Minerals Canada. For the quarter, the company reported non-cash asset impairment charges of CAD 198.2 million. The impairment of long-lived assets largely results from the significant decline of iron ore prices in 2014 to date and the current adverse market conditions for iron ore.

 

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TEV/Sales 11.4x
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