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Highlights

• Champion Iron is an ASX-listed iron ore mining and mineral exploration company
• In 3QFY24, CIA’s EBITDA jumped 109% and net income surged by 110%
• Investissement Québec has highest interest in CIA with 8.40% stake

Highlights

Champion Iron Limited (ASX: CIA) is an Australia-based iron ore explorer and developer. The company’s major projects are located in the Southern Labrador Trough, which is amongst the largest source of iron ore in Canada. During the third quarter of the financial year 2024 (3QFY24), the company recorded an almost 44% YoY rise in its revenue to CAD 506.89 million, backed by increased sales volume of high-grade iron ore concentrate during the three months. The period saw a 109% YoY jump in its EBITDA to CAD 246.60 million and net income grew by approximately 110% to CAD 126.46 million.

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