20
Jun
16:57
Champion Iron posts positive earnings results
Re-commissioning of the Bloom Lake mine has yielded positive quarterly and year-on-year results for Champion Iron Limited.
The Canadian company has released earnings results showing net income of $28.2 million on revenues of $182.2 m in the fourth quarter 2019, and net income of $147.6m on revenues of $655.1m for the fiscal year ended 31 March, Kallanish reports.
The company attributes the increase to the restart of the Bloom Lake Mine, which commenced commer…
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