10:52 AM EDT, 07/16/2025 (MT Newswires) -- Labrador Iron Ore Royalty ( LIFZF ) said Wednesday that Rio Tinto reported operation results from Iron Ore Company of Canada (IOC) for the second quarter.

IOC recorded total saleable iron ore production of 4.24 million tonnes, comprising of 2.23 million tonnes of pellets and 2.01 million tonnes of concentrate for sale. IOC booked total iron ore sales of 4.53 million tonnes, comprising of 2.35 million tonnes of pellets and 2.17 million tonnes of concentrate for sale.

Labrador owns 15% of IOC and receives a 7% gross overriding royalty on all iron ore products produced, sold and shipped by IOC. Labrador also has a commission of 10 cents per tonne on all iron ore products produced and sold by IOC.

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