Northwire Canada EditionTuesday, September 15, 2026
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GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8% GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8%
Earnings

CHAMPION IRON REPORTS ITS FY2026 SECOND QUARTER RESULTS, DECLARES DIVIDEND AND ADVANCES THE DRPF PROJECT AS SCHEDULED

By The Northwire Desk — AI Analysis Oct 29, 2025 · 18:20 CIA · 4.46 Champion Iron Limited
CIA · Price

Executive Summary

  • Champion Iron reported record Q2 FY2026 production (3.6 M wmt) and sales (3.9 M dmt), generating $493 M revenue, $175 M EBITDA and net income of $56.8 M ($0.11 EPS).
  • The company declared its ninth consecutive semi‑annual dividend of $0.10 per ordinary share.
  • DRPF project remains on schedule for commissioning in Dec 2025; cumulative investment to date $407.6 M, with total expected spend ≈$500 M.

Key Details

  • Production & Sales – 3.6 M wmt of 66.5% Fe concentrate produced (up 12% YoY); 3.9 M dmt sold (record), reducing stockpiles to 1.7 M wmt.
  • Pricing – Gross average realized price $114.2/dmt; net average realized price $92.9/dmt (C$128.0/dmt).
  • Costs – C1 cash cost $76.2/dmt (US$55.3/dmt), down 7% QoQ; AISC $96.9/dmt, down from $101.4/dmt YoY.
  • Financial Performance – Revenue $492.9 M (+26% QoQ, +40% YoY); EBITDA $174.8 M (↑203% QoQ); Net income $56.8 M (↑139% QoQ).
  • Liquidity – Cash & equivalents $325.5 M; undrawn credit facilities $514.9 M; total available liquidity $840.4 M.
  • Dividend – Semi‑annual dividend of $0.10 per share declared on Oct 29/30, 2025.
  • DRPF Project – On‑track for Dec 2025 commissioning; cumulative spend $407.6 M (target $500 M). Expected commercial shipments H1 2026 with premium pricing.
  • Kami Project – Initial closing completed; Partners contributed $68.6 M cash (out of $245 M target); Champion holds 51% of Kami Partnership. DFS expected by end‑2026.
  • Exploration – Exploration & evaluation spend $6.4 M (Q3) and $15.2 M (six‑month), up from prior year; no new farm‑in arrangements.
  • Capital Expenditures – Sustaining capex Q3 $69.9 M; DRPF capex Q3 $20.6 M; other Bloom Lake capex Q3 $22.7 M.

Notable Quotes

“We successfully capitalized on rising iron ore prices… advancing the DRPF project towards its completion.” – David Cataford, CEO

All non‑material boilerplate and forward‑looking disclaimer text omitted for brevity.

Read the original news release →

More from Champion Iron Limited

Jul 29, 2026 · 18:33

Champion Iron’s AISC rises to C$111/dmt, driving cash margins negative while the DRPF remains on schedule.

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Champion Iron Closes Rana Gruber Acquisition, Scaling to Multi-Asset Producer with Institutional Backing

M&A / Property Mar 11, 2026 · 12:13

Champion Iron secures 90% of Rana Gruber, cementing its transition from a single-asset miner to a multi-asset high-purity iron ore powerhouse.

M&A / Property