Labrador Iron Ore Royalty Corporation - IOC Production and Sales Figures for the Second Quarter of 2015

TORONTO, July 16, 2015 /CNW/ - Labrador Iron Ore Royalty Corporation (TSX: LIF) ("LIORC") announced that Iron Ore Company of Canada ("IOC") has released production and sales figures for the second quarter of 2015 as below:

Iron Ore Company of Canada












Second

Third

Fourth

First

Second

Six

Six



Quarter

Quarter

Quarter

Quarter

Quarter

Months

Months

Saleable Iron Ore Production

2014

2014

2014

2015

2015

2014

2015










Concentrates ('000 tonnes)

1,924

1,593

1,439

1,370

2,120

 

2,994

3,490

Pellets ('000 tonnes)

2,104

2,322

2,388

2,223

2,336

 

4,038

4,558

Total Iron Ore Production ('000 tonnes)

4,028

3,915

3,827

3,593

 

4,456

 

7,032

 

8,048

 

Second quarter of 2015 concentrate for sales (CFS) production improved by 55% from the previous quarter and was 10% better than the second quarter of 2014. This was mainly driven by better asset availability and utilization, together with favorable weight yield.  Second quarter of 2015 pellet production was 5% and 11% higher than the first quarter of 2015 and the second quarter of 2014 respectively driven by the restart of a 6th induration machine which was previously idled.












Second

Third

Fourth

First

Second

Six

Six



Quarter

Quarter

Quarter

Quarter

Quarter

Months

Months

Sales


2014

2014

2014

2015

2015

2014

2015










Concentrates ('000 tonnes)

1,904

2,288

1,246

711

1,894

 

2,537

2,605

Pellets ('000 tonnes)

1,931

1,996

2,402

2,490

2,288

 

3,807

4,779

Total Iron Ore Sales ('000 tonnes)

3,835

4,284

3,648

3,201

4,182

 

6,344

7,384

Second quarter of 2015 concentrate sales were 166% higher than the previous quarter and similar to the corresponding quarter in 2014. Good operational performance translated in better sales performance in the second quarter of 2015.

Second quarter of 2015 pellet sales were 8% lower than the previous quarter due to vessel timing  and 19% higher than the second quarter of 2014 driven by higher production.

SOURCE Labrador Iron Ore Royalty Corporation

For further information: Bruce C. Bone, President & Chief Executive Officer, (416) 863-7133, investor.relations@labradorironore.com

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