ASX Share rice
Sat 15 May 2021 - 02:52:am (Sydney)

CIA Share Price

CHAMPION IRON LIMITEDCIAMaterials

CIA Company Information

Name:

Champion Iron Limited

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

Address:

91 Evans Street Rozelle NSW Australia 2039

Phone:

61 2 9810 7816

Exec. Chairman:

Mr. William Michael O'Keeffe

CEO & Non-Independent Director:

Mr. David Cataford P.Eng.

Chief Financial Officer:

Ms. Natacha Garoute C.A., L.L.B., LLB, CPA, CPA, CA

VP, Gen. Counsel & Corp. Sec.:

Mr. Steve Boucratie

Chief Operating Officer:

Mr. Alexandre Belleau Eng.

VP of Investor Relations:

Mr. Michael Marcotte C.F.A.

Chief People & Sustainability Officer:

Mr. Francois Lafreniere

Sr. Geologist:

Mr. Nabil Tarbouche P.Geo.

Company Sec.:

Mr. Jorge Estepa

Company Sec.:

Mr. Pradip Devalia

Company Overview:

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in North-Eastern Quebec. Its flagship project include the Bloom Lake mine, which consists of BM877 mining lease covering an area of 6,857.63 ha and 53 mining claims comprising an area of approximately 2,458.29 ha located in Quebec, Canada; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec. The company was formerly known as Champion Iron Mines Limited and changed its name to Champion Iron Limited in March 2014. Champion Iron Limited is headquartered in Rozelle, Australia.

CIA Share Price Information

Shares Issued:

493.47M

Market Capitalisation:

$3.59B

Revenue (TTM):

$1.06B

Revenue Per Share (TTM):

$2.25

Earnings per Share:

$0.721

Profit Margin:

0.3081

Operating Margin (TTM):

$0.54

Return On Assets (TTM):

$0.35

Return On Equity (TTM):

$0.64

Quarterly Revenue Growth (YOY):

0.926

Gross Profit(TTM):

$378.12M

Diluted Earnings Per Share (TTM):

$0.721

QuarterlyEarnings Growth(YOY):

3

CIA CashFlow Statement

CashFlow Date:

2020-03-31

Investments:

$616K

Change To Liabilities:

$9.47M

Total Cashflow From Investing Activities:

$-152,892,000

Net Borrowings:

$456K

Net Income:

$89.43M

Total Cash From Operating Activities:

$309.57M

Depreciation:

$22.17M

Other Cashflow From Investing Activities:

$616K

Dividends Paid:

$0

Change To Inventory:

$-12,118,000

Change To Account Receivables:

$67.63M

Sale Purchase Of Stock:

$-8,024,000

Capital Expenditures:

$153.51M

CIA Income Statement

Income Date:

2020-03-31

Income Before Tax:

$241.19M

Net Income:

$89.43M

Gross Profit:

$363.72M

Operating Income:

$269.27M

Other Operating Expenses:

$6.12M

Interest Expense:

$20.75M

Income Tax Expense:

$120.14M

Total Revenue:

$785.09M

Total Operating Expenses:

$458.72M

Cost Of Revenue:

$421.37M

CIA Balance Sheet

Balance Sheet Date:

2020-03-31

Total Liabilities:

$505.98M

Total Stockholder Equity:

$376.62M

Other Current Liabilities:

$57.76M

Total Assets:

$882.60M

Common Stock:

$272.05M

Other Current Assets:

$23.01M

Retained Earnings:

$-151,751,000

Other Liabilities:

$115.19M

Other Assets:

$32.44M

Cash:

$281.36M

Total Current Liabilities:

$112.92M

Property - Plant & Equipment:

$447.07M

Net Tangible Assets:

$217.12M

Long-Term Investments:

$1.55M

Total Current Assets:

$401.55M

Long-Term Debt:

$275.97M

Net Receivables:

$31.25M

Short-Term Investments:

$481.35M

Inventory:

$58.61M

Accounts Payable:

$44.49M

Non Currrent Assets (Other):

$481.35M

Short-Term Investments:

$481.35

Non Current Liabilities (Other):

$4.41M

Non Current Liabilities Total:

$393.06M

CIA Share Price History

CIA News

12 May, 2021
Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that it will be hosting a conference call and webcast on May 27, 2021 at 8:30 AM EDT (Montréal Time) / May 27, 2021 at 10:30 PM AEST (Sydney time) with senior management, during which they will review the Company's financial and operational results for the fourth quarter and fiscal year ended March 31, 2021.
07 May, 2021
Virtual Investor Conferences, the leading proprietary investor conference series today announced that the presentations from the May Metals & Mining Virtual lnvestor Conference are now available for on-demand viewing.
28 Apr, 2021
Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTC: CIAFF) ("Champion" or the "Company") is pleased to report its production results and mining operation expenditures for the fourth quarter ended March 31, 2021. Detailed operational and financial results are scheduled to be released prior to the Company hosting a conference call and webcast at the end of May 2021.
19 Apr, 2021
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Champion Iron Limited ("Champion" or "Company") (ASX: CIA; TSX: CIA; OTCQX: CIAFF), an iron ore exploration and development company, has qualified to trade on the OTCQX® Best Market. Champion Iron Limited upgraded to OTCQX from the Pink® market.
Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that the Company has qualified to trade as of today under the symbol CIAFF on the OTCQX Best Market. The OTCQX Best Market is the highest market tier of OTC Markets Groups, which operates markets where 11,000 U.S. and global securities trade. Champion's ordinary shares will continue to trade on the Toronto Stock Exchange ("TSX") and the Australian Stock Exchange ("ASX") under the symbol CIA. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
05 Apr, 2021
VANCOUVER, British Columbia, April 05, 2021 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) today announced that the Board of Directors (the “Board”) has terminated the consulting agreement between Fancamp and Mr. Peter H. Smith for cause effective immediately. The Board has also requested that Mr. Smith resign from his role as director promptly. The Board has provided Mr. Smith with multiple opportunities to act in a proper manner and adhere to appropriate governance practices, but he has refused. Notably, the Board has repeatedly tried to engage with Mr. Smith over the last few months to address the issues that led to his termination. Mr. Smith has not cooperated with these efforts, and instead, continued to hide and withhold information from the Board and management, in addition to numerous other grave issues. The Board has also made multiple attempts to reason with Mr. Smith and work with him in a cooperative manner. Instead, Mr. Smith has continued to be disruptive and go against the best of interests of the Corporation in order to regain his former position with Fancamp. The Corporation cannot justify spending shareholders’ money to pay an individual who not only is refusing to do any work for the Corporation, but instead, is actively working against shareholders’ interests. The Board has carefully considered the situation and the context, and has determined that it is justified to terminate the consulting agreement and that, as such, Mr. Smith is not entitled to any payouts. As the Corporation continues to investigate and examine the conduct of Mr. Smith in relation to the numerous issues listed below, the Corporation reserves all of its legal rights in connection with Mr. Smith and will consider any such measures as are appropriate on behalf of its shareholders to address potential misconduct, including through the courts if necessary. REASONS FOR TERMINATION: Mr. Smith was terminated for cause due to, among others, the following actions, all of which were detrimental to the Corporation and its shareholders: He repeatedly ignored the instructions of the Board and acted against the Board’s specific direction;He failed to comply with his duty of confidentiality and to comply with applicable legislation by disclosing non-public material information, including information about the December 31, 2020 private placement and the proposed business combination with ScoZinc Mining Ltd. (“ScoZinc”) (the “Transaction”);He failed to comply with his duty of loyalty by repeatedly refusing to cooperate with the Board and management of Fancamp, and recently, by withholding information in his possession to management following him stepping down as president and CEO in August 2020; andHe failed to provide the services outlined in the consulting agreement; rather than acting for the Corporation, he acted against the interests of the Corporation by withholding information and not cooperating with management’s efforts, which resulted in delaying the technical review and causing setbacks and unnecessary costs to the Corporation Peter Smith: Breach of Fiduciary Duty as a DirectorAs a director, Mr. Smith also has a fiduciary duty to Fancamp’s shareholders and was required to follow all applicable legislation, including ensuring the confidentiality of non-public material information. Instead, Mr. Smith blatantly disclosed confidential information by issuing a public statement on December 22, 2020, which included, among others, details discussed during Board meetings at Fancamp as well as a private placement that had been approved in principle by the Board, but had not yet been announced. The Corporation closed and announced the private placement on December 31, 2020. Mr. Smith’s unlawful disclosure on December 22, 2020 of non-public material information in connection with the potential private placement may have jeopardized the integrity of the securities market and affected the market price or trading of Fancamp’s securities. As such, the Board has notified the British Columbia Securities Commission of Mr. Smith’s actions. IN RESPONSE TO THE FALSE CLAIMS BY MR. SMITH, FANCAMP WOULD LIKE TO REMIND SHAREHOLDERS OF THE FACTS: The Transaction Will Unlock Value for Fancamp Shareholders; Mr. Smith’s Misleading Statements Regarding the Transaction is to Protect Self-InterestsMr. Smith has repeatedly made false allegations against the Corporation and spread misinformation about the Transaction. Contrary to Mr. Smith’s misleading statements: Fancamp shareholders will emerge from this Transaction with a greatly enhanced opportunity to create value. The combination of Fancamp and ScoZinc takes two significantly undervalued companies and creates a larger, stronger entity that will be in a better position to attract new investments for growth and funding for strategic initiatives. The combined entity will also be well-positioned to capitalize on the global demand for zinc, which is expected to double by 2050.The Transaction was the result of a transparent, credible and thorough process with input from Fancamp’s independent financial and legal advisors. All members of the Board – including Mr. Smith – received a copy of the final fairness opinion from Ernst & Young LLP, which stated that the consideration to be paid in connection with the Transaction is fair for Fancamp. Shareholders can read all the facts about the Transaction here. There will be No New Controlling Positions on the Board After the Close of the TransactionContrary to Mr. Smith’s misleading statements, there will be no new controlling positions after the Transaction closes. The composition of the Board after the Transaction will also be up to Fancamp shareholders. As stated in the February 18, 2021 and March 18, 2021 press releases, as well as in the Transaction agreement (a copy of which is available on SEDAR), after the Transaction closes, Messrs. Mark Haywood (president and chief executive officer of ScoZinc) and Christopher Hopkins (director of ScoZinc) will be nominated to join the Fancamp Board of Directors at the Corporation’s next annual general meeting (“AGM”). Shareholders will be able to vote on these nominees in due course. Mr. Smith Lacks Business Judgment and Strategy, and Withheld Information from the BoardUnder Mr. Smith’s tenure at Fancamp, there was no focus or rigorous approach to drilling campaigns and no discovery was ever made. Instead, Mr. Smith, often without the knowledge or approval of the Board, or in contravention to its instructions, or not in accordance therewith, embarked on endless and, in retrospect, often poorly executed staking exercises that, in the end, delivered nothing to shareholders. While expensive projects were undertaken, there was no appreciation in the Corporation’s share price. An investigation by the Board pertaining to expenditures made between 2010 and 2019 uncovered that significant amounts were spent on operating, exploration, and development expenses, with no tangible advancement on any of the properties of Fancamp. Furthermore, a large portion of these expenditures had to be written off, meaning that they had no value to shareholders or to the Corporation. To offset the poor execution of these projects, Mr. Smith sold off, between May 2018 and July 2020, 4.8 million shares of Champion Iron Limited (TSX: CIA) (“Champion”) at low prices for proceeds of C$6.8 million. Such sales were at times in direct contravention with the instructions of the Board. A recent example of Mr. Smith’s typical approach was an expenditure of approximately C$600,000 in Virginia, United States, on geological activities which had no underlying mineral property. This expenditure was committed without the prior knowledge and approval of the Board. Since there was no underlying property associated with these expenses, the Corporation was subsequently forced to write off all of it. Even after he stepped down, Mr. Smith continued to withhold information from the Board. Consequently, the Corporation was unable to conduct the appropriate technical reviews of its properties, forcing the Corporation to incur additional costs and experience setbacks in completing its review. In short, Mr. Smith’s actions have resulted in numerous delays and unnecessary expenses. Mr. Smith Has a Complete Disregard for Good Corporate GovernanceSubsequent to numerous discussions from the Board to Mr. Smith on improving corporate governance and to heed guidance from the Board, three directors resigned in 2018 as Mr. Smith refused to cooperate, with the remaining directors continuing to press Mr. Smith for proper corporate governance. Despite repeated pleas to improve its management approach, Mr. Smith did not listen and failed to make improvements, and instead, pursued with the detrimental actions stated above. Notably, before he stepped down, he continued to defy the Board’s repeated and reasonable requests to obtain formal budgets and to approve expenses and projects. Mr. Smith has and continues to refuse to abide with the Board’s instructions and to cooperate with current management. Despite his obligations under his consulting agreement and repeated requests, he withheld company information, causing significant challenges and delays in conducting technical reviews which would help advance the Corporation forward. Instead, due to Mr. Smith’s self-serving actions, the Corporation was forced to incur additional costs and delays. FANCAMP REMAINS FOCUSED ON THE FUTURE Despite Mr. Smith’s self-serving actions to initiate an unnecessary, costly and time-consuming proxy contest against the Corporation, Fancamp remains focused on executing its three-pronged strategy for growth and completing the transformational Transaction to create significant value for Fancamp shareholders. Fancamp believes the Transaction will create tremendous value and sustainable growth for the Corporation and to its shareholders over the medium to long-term. Among the many benefits, the Transaction will enable Fancamp to plan the restart of the commercial production of ScoZinc’s Scotia Mine, a high-quality, past-producing facility with a fully built infrastructure in a stable, premier jurisdiction near Halifax, Nova Scotia, which is expected to create significant cashflow for the Corporation. AdvisorsLavery, de Billy, L.L.P. is serving as legal advisor to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. About Fancamp Exploration Ltd. (TSX-V: FNC) Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience. Forward-looking StatementsThis news release includes certain forward-looking statements which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe both companies’ future plans, objectives or goals, including words to the effect that both companies or their respective management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Corporation’s annual general meeting, objectives, goals or future plans, statements, potential mineralization, exploration and development results, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations, estimates of market conditions, future financial results or financing opportunities. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, notably in connection with the termination of Mr. Smith’s consulting agreement, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of both companies to satisfy the conditions precedent to complete the Transaction, the inability to obtain the necessary regulatory and third-party approvals for the Transaction, the inability to start production at the Scotia Mine, the inability of Fancamp to realize the anticipated financial gains from the Transaction, including generating, in the near-term, cash-flows from the Scotia Mine, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled “Risks and Uncertainties” in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended October 31, 2020. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. For Further Information Rajesh Sharma, Interim CEO+1 (604) 434 8829info@fancamp.ca Debra Chapman, Chief Financial Officer +1 (604) 434 8829info@fancamp.ca Media ContactHyunjoo KimDirector, Communication, Marketing & Digital StrategyKingsdale AdvisorsPhone: 416-867-2357Cell: 416-899-6463Email: hkim@kingsdaleadvisors.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
01 Apr, 2021
Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or the "Company") announces that it has completed the acquisition, announced on November 16, 2020, 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 (the "Acquisition") pursuant to an asset purchase agreement among certain affiliates of the Company and Deloitte Restructuring Inc. (the "Receiver"), as receiver for Alderon Iron Ore Corp. ("Alderon") and certain of its affiliates 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").
16 Mar, 2021
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03 Mar, 2021
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21 Feb, 2021
Established human trafficking transport corridors allow human traffickers to maximize profits and mitigate the risks associated with their operations. 21, 2021 /CNW/ - Human traffickers are reaping large profits across Canada using defined transportation corridors in Canada to exploit and control their victims, according to a new report released by The Canadian Centre to End Human Trafficking.
14 Feb, 2021
The big shareholder groups in Champion Iron Limited ( ASX:CIA ) have power over the company. Large companies usually...
15 Jan, 2021
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
13 Jan, 2021
MONTRÉAL, Jan. 13, 2021 /CNW/ - Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or the "Company") announces that it will be hosting a conference call and webcast on January 28, 2021 at 8:30 AM EST (Montreal Time) / January 29, 2021 at 12:30 AM AEDT (Sydney time) with senior management, during which they will review the Company's financial and operational results for the third quarter of the fiscal year ending March 31, 2021.
20 Dec, 2020
Most readers would already be aware that Champion Iron's (ASX:CIA) stock increased significantly by 55% over the past...
24 Nov, 2020
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Champion Iron Limited...
12 Nov, 2020
Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or the "Company") is pleased to announce that its subsidiary Québec Iron Ore Inc. ("QIO"), the operator of the Bloom Lake mining complex ("Bloom Lake"), has received commitments from its current credit facility syndicate members to amend and increase its existing credit facilities (the "Credit Facility") from US$200 million to US$400 million (the "Refinancing"). Concurrently with this commitment, the Company's Board of Directors (the "Board") has provided final approval to complete the Bloom Lake Phase II expansion project (the "Phase II"), which aims to double the nameplate capacity of Bloom Lake to 15 Mtpa of high-grade iron ore concentrate. The Company expects to fully fund the Phase II project with the additional proceeds from the amended Credit Facility, its $425.8 million cash on hand1 and ongoing cash flows from operations.
29 Oct, 2020
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
27 Oct, 2020
Net income of $112.2M from production of 2,268,800 wmt; Phase II expansion project cumulative budget increased to $120.
13 Oct, 2020
Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or the "Company") announces that it will be hosting a conference call and webcast on October 28, 2020 at 8:30 AM EDT (Montreal Time) / October 28, 2020 at 11:30 PM AEDT (Sydney time) with senior management, during which they will review the Company's financial and operational results for the second quarter of the fiscal year ending March 31, 2021.
30 Sep, 2020
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...