The Conversation (0)
The company highlighted a net income of C$67.5 million for the quarter and C$88.2 million for the first six months).
Champion Iron (TSX,ASX:CIA) has announced what it called strong operational and financial results for the second quarter ended September 30, 2018 of the fiscal year end March 31, 2019.
As highlighted in the press release:
- Net income of C$67.5 million for the quarter (C$88.2 million for the first six months);
- Revenues of C$174.7 million up 16 percent from previous quarter (C$325.4 million for the first six months);
- Operating cash flow totalling C$49.6 million for the six-month period;
- Cash on hand of C$115.6 million and trade receivables of C$86.4 million at period end, including two shipments totalling approximately C$31.0 million (US$24.2 million) received on October 2, 2018;
- Production of 1,858,300 wmt of high-grade 66 percent iron ore concentrate and 4,024,500 wmt since the mine commenced operations;
- Total cash cost of C$45.2 per dmt sold and an all-in sustaining cost of C$52.9 per dmt sold
Click here to read the full Champion Iron (TSX,ASX:CIA) press release.
Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.
Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.
INN Article Notification
Outlook Reports world
Featured Australia Investing Stocks
Browse Companies
MARKETS
COMMODITIES
CURRENCIES
Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.
Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.
Learn about our editorial policies.