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.
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Champion Iron reports record Bloom Lake production April 29, 2021
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Production at
Champion Iron‘s (TSX: CIA; ASX: CIA) Bloom Lake iron ore mine near Fermont, Que., inched upward 1% in the year ended Mar. 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 US$43 per dry metric tonne, up from US$40.1 per dry metric tonne in the previous period.
Why the Champion Iron (ASX:CIA) share price is soaring 5% today fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
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Societe Generale Arranges $200MM Syndicated Upsize for Champion Iron
December 24, 2020, 08:00 AM
Champion Iron Limited announced that its subsidiary Quebec Iron Ore Inc. ( QIO ), the operator of the Bloom Lake Mining Complex, has successfully completed the previously announced amendment and increase to its existing credit facilities (the Credit Facility ) from $200 million to $400 million (the Refinancing ). With the additional proceeds under the amended Credit Facility, in addition to its cash on hand and ongoing cash flows from operations, the Company expects the completion of the Bloom Lake Phase II expansion project (the Phase II ) to be fully funded, which aims to double the nameplate capacity of Bloom Lake to 15 Mtpa of high-grade iron ore concentrate.