Champion Iron reports record Bloom Lake production
Bloom Lake mine. Image by Champion Iron.
Production at Champion Iron‘s (TSX: CIA; ASX: CIA) Bloom Lake iron ore mine near Fermont, Quebec, inched upward 1% in the year ended March 31, 2021 to a record 8 million wet metric tonnes (wmt) of 66.4% iron ore concentrate – despite covid-19 restrictions that included a month of reduced operations early in the pandemic.
For its most recent quarter, production was 2 million wmt of 66.5% iron ore concentrate, up 6% from 1.9 million wmt in the year earlier quarter. The company reported free on board total cash costs of $43 per dry metric tonne, up from $40.1 per dry metric tonne in the previous period.