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HONG KONG, April 30, 2021 /PRNewswire/ Scully Royalty Ltd. (the Company ) (NYSE: SRL) is pleased to announce that it has filed its annual report on form 20-F with the Securities and Exchange Commission, and also provides the following corporate updates:
UPDATE ON THE SCULLY MINE
The Scully Iron Ore Mine
Global Price of Iron Ore
The most valuable asset that the Company owns is its net revenues royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada. The royalty rate under this interest is 7.0% on iron ore shipped from the mine and 4.2% on iron ore shipped from tailings and other disposed materials, with a minimum payment of C$3.25 million per annum.
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