Champion Iron Limited (CIAFF: OTCQX International) | CHAMPION IRON REPORTS ITS FY2025 THIRD QUARTER RESULTS, ADVANCES THE DRPF PROJECT AND INITIATES KAMI FEASIBILITY STUDY WITH PARTNERS
Champion Iron Limited reported its Q3 FY2025 results on January 29, 2025:Key highlights:
- Quarterly production: 3.6M wmt of 66.3% Fe concentrate
- Sales: 3.3M dmt
- Revenue: $363M
- EBITDA: $88M
- Net income: $1.7M
Operational updates:
- Record material mined and hauled: 20.0M tonnes
- C1 cash cost: $78.7/dmt
- AISC: $93.9/dmt
- Cash operating margin: $16.6/dmt
DRPF project:
- Advancing on schedule and budget
- $69M invested in Q3, total $288M to date
- Commissioning expected in December 2025
Kami Project:
- Partnership formed with Nippon Steel and Sojitz
- Definitive feasibility study initiated, expected completion mid-2026
The company faced challenges due to equipment breakdown and rail interruptions but maintains a positive outlook on future production and growth projects.
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