Champion Iron Aktie Symbol: CIA (Seite 4)

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Iron ore prices are going ballistic

Der Preis für Eisenerz spielt Champion "in die Karten"


https://www.mining.com/iron-ore-prices-are-going-ballistic/

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Antwort auf Beitrag Nr.: 65.766.501 von check-out am 19.11.20 11:46:46

Video von Juli 2020

Small Cap Opportunity: Champion Iron | High-Grade Iron Ore

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Video

https://www.bnnbloomberg.ca/video/champion-iron-ceo-on-the-l…

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Champion irwirbt das Kami Projekt von Alderon Iron

Champion Iron to Acquire the Kami Project

A high-grade project near the Company's operating Bloom Lake mine

Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or the "Company") is pleased to announce that the Supreme Court of Newfoundland and Labrador approved the acquisition by the Company and certain of its affiliates from Deloitte Restructuring Inc. (the "Receiver"), as receiver for Alderon Iron Ore Corp. ("Alderon") and certain of its affiliates, of the mining properties of the Kamistiatusset iron ore project (the "Kami Project") located in the Labrador Trough geological belt in southwestern Newfoundland, near the Québec border, and certain related contracts, for a consideration consisting of $15 million in cash, the extinguishment of approximately $19.4 million in secured debt of Alderon and certain of its affiliates (the "Secured Debt") and an undertaking in favour of the Receiver to make a finite production payment on a fixed amount of future iron ore concentrate production from the Kami Project (the "Acquisition").

In connection with the Acquisition, Champion has exercised, through an affiliate, an option to purchase the Secured Debt from Sprott Private Resource Lending (Collector), LP ("Sprott"), causing Champion to become a senior secured creditor of Alderon and its affiliates. As consideration for the Secured Debt, Champion will issue 4.2 million ordinary shares (the "Consideration Shares") to Sprott and Altius Resources Inc. If the Acquisition is completed, the Secured Debt will be extinguished as partial consideration for the Kami Project.

The Kami Project is a high-grade iron ore project near available infrastructure, situated only a few kilometres south east of the Company's operating Bloom Lake mine ("Bloom Lake"). The Kami Project's prior owner completed an updated feasibility study in September 2018. If the Acquisition is completed, the Company expects to revise the project's scope and update its feasibility study in the near term as it diligently considers growth alternatives within its portfolio. As part of the Acquisition, Champion expects to secure an additional eight million tonnes per annum of port capacity, including a pre-payment of port related fees, at the multiuser berth of the port of Sept-Îles, currently being used by the Company to export iron ore concentrate from Bloom Lake. As such, the completion of the Acquisition is expected to strategically position the Company for growth opportunities.

Champion's CEO, Mr. David Cataford, said "While our Company is rapidly gaining global recognition for its ability to deliver quality iron ore products, the Acquisition would further position our Company to service the rising demand for high-grade iron ore concentrate globally. With our proven ability to transform opportunities into valuable assets for our shareholders, the Acquisition would add to our portfolio a highly prospective project, which is near existing infrastructure. With our focus on respecting the land that we exploit, we look forward to evaluating the potential of this property and working with the local communities in our continued effort to positively contribute to this region."

Closing of the Acquisition is subject to the consent of the Ministry of Industry, Energy and Technology of Newfoundland and Labrador, as well as other customary closing conditions. The Acquisition is expected to be completed in the fourth quarter of calendar 2020. The Toronto Stock Exchange has conditionally approved the listing of the Consideration Shares.
https://newsroom.championiron.com/2020-11-16-Champion-Iron-t…

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Geilste Aktie ever 🥰

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läuft außergewöhnlich gut

CHAMPION IRON ANNOUNCES FINAL APPROVAL OF THE PHASE II EXPANSION PROJECT AND INCREASES ITS SENIOR SECURED CREDIT FACILITY

https://newsroom.championiron.com/2020-11-12-Champion-Iron-A…

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Champion Iron meldet

CHAMPION IRON REPORTS RECORD PRODUCTION, NET INCOME AND NET CASH FLOW FROM OPERATIONS FOR ITS FY2021 SECOND QUARTER RESULTS

1. HIGHLIGHTS

Health and Safety

No known cases of COVID-19 have been confirmed by the Company;
In close collaboration with its unionized workforce, contractors and local communities, the Company continued to improve operations and implemented measures aligned with the Government of Québec's (the "Government") directives in response to the COVID-19 pandemic;
The Company implemented and continuously reviews its measures and protocols in order to minimize the risks related to COVID-19, which are expected to remain in place in order to safeguard the health and safety of our employees, partners and local communities;
The Company established new programs, including: a voluntary screening test in cooperation with the National Institute of Public Health of Québec ("INSPQ"), a monthly health and safety audit to review the effectiveness of adopted COVID-19 measures, and a "COVID-19 focus card", which enables employees to provide feedback on implemented measures and protocols; and
The Company received and intends to implement a portable and rapid testing solution, approved by Health Canada, to detect and mitigate the COVID-19 related risks by screening employees and contractors working at the Bloom Lake Mine ("Bloom Lake") once additional equipment is delivered and the required personnel are hired.
Financial

Revenues of $311.0M and $555.6M for the three and six-month periods ended September 30, 2020, respectively, compared to $160.4M and $438.3M, respectively, for the same periods in 2019;
EBITDA1 of $197.8M for the three-month period ended September 30, 2020, representing an EBITDA margin1 of 64%, compared to an EBITDA1 of $62.6M (39%) for the same period in 2019. EBITDA1 of $325.5M (59%) for the six-month period ended September 30, 2020, compared to $229.5M (52%) for the same period in 2019;
Net income of $112.2M for the three-month period ended September 30, 2020 (EPS of $0.24), compared to a net loss of $1.7M for the same period in 2019 (EPS of $0.00). Net income of $187.7M for the six-month period ended September 30, 2020 (EPS of $0.40), compared to a net income of $72.5M for the same period in 2019 (EPS of $0.09);
Net cash flow from operations of $128.3M for the three-month period ended September 30, 2020, representing an operating cash flow per share1 of $0.27, compared to $104.9M or $0.24 per share1 for the same period in 2019. Net cash flow from operations of $203.6M for the six-month period ended September 30, 2020, representing an operating cash flow per share1 of $0.43, compared to $196.8M or $0.45 per share1 for the same period in 2019;
Declaration and payment of $17.0M of accumulated dividends on the Company's operating subsidiary, Quebec Iron Ore Inc.'s ("QIO") preferred shares, which are held by CDP Investissements Inc., a wholly-owned subsidiary of the Caisse de dépôt et placement du Québec; and
Strong cash on hand2 balance of $425.8M as at September 30, 2020, despite income and mining taxes payments of $97.0M and dividend payment of $17.0M made during the three-month period ended September 30, 2020, compared to a cash on hand2 balance of $347.5M as at June 30, 2020, and $298.7M as at March 31, 2020.
Operations

Operations at Bloom Lake resumed full operational capacity in the recently completed quarter, following the Government's announcement to categorize mining activities as a "priority service" and the lifting of specific COVID-19 containment directives issued in the first quarter of the Company's fiscal year ending March 31, 2021;
Production of 2,268,800 wet metric tonnes ("wmt") of high-grade 66.1% Iron ore ("Fe") concentrate for the three-month period ended September 30, 2020, compared to 2,189,700 wmt of high-grade 66.3% Fe concentrate for the same period in 2019. Production of 4,067,600 wmt of high-grade 66.3% Fe concentrate for the six-month period ended September 30, 2020, compared to 4,179,100 wmt for the same period in 2019;
Recovery rate of 85.2% and 83.8% for the three and six-month periods ended September 30, 2020, respectively, compared to a recovery rate of 83.9% and 83.1%, respectively, for the same periods in 2019; and
Free On Board ("FOB") total cash cost1 of $48.5/dry metric tonne ("dmt") (US$36.4/dmt) ("Total Cash Cost" or "Cash Cost") and $53.1/dmt (US$39.1/dmt) for the three and six-month periods ended September 30, 2020, respectively, compared to $48.3/dmt (US$36.6/dmt) and $51.4/dmt (US$38.7/dmt), respectively, for the same periods in 2019.
Other Developments

In connection with Bloom Lake's Phase II expansion project, which proposes to double Bloom Lake's nameplate capacity to 15 Mtpa, the Company increased the Phase II cumulative budget by an additional $22M, for a total budget of $120M, in order to prudently advance the project and preserve key timelines ahead of the deferred final Board of Directors (the "Board") decision on the Phase II expansion. The Company will communicate its development plans with regards to the Phase II expansion project by the end of the current calendar year;
Appointment of Alexandre Belleau as Chief Operating Officer on July 22, 2020;
Appointment of Louise Grondin to the Board at the Annual General Meeting of the Company's shareholders on August 27, 2020; and
Completed a virtual platform presenting a 360 degree view of the Company's mining operations and related infrastructure, currently available on the Company's website at www.championiron.com.
"Our team's agility in adapting operations is unlocking the full potential of our flagship Bloom Lake Mine, resulting in record quarterly production and financial results for our Company. I am proud to be leading such a highly motivated workforce, dedicated to the success of our Company, despite the challenging environment created by the COVID-19 pandemic. As our focus remains the safety and well-being of our employees, partners and communities, we continue to enforce strict COVID-19 related measures and look forward to deploying our recently delivered rapid testing solution in our continuous effort to mitigate the pandemic related risks. With our cash on hand rapidly growing, our Company continues to diligently advance the Phase II expansion project, increasing the cumulative budget to $120M, which is expected to further de-risk the project", commented David Cataford, Champion's CEO.
https://newsroom.championiron.com/2020-10-27-Champion-Iron-R…

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Iron ore price jumps 5% after Vale suspension

https://www.mining.com/iron-ore-price-jumps-5-after-vale-sus…

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Champion Iron Newsletter

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Eisenerz

Iron ore price rockets to highest since January 2014

https://www.mining.com/iron-ore-price-rockets-to-highest-sin…