Champion Iron reports record production in December quarter
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"Quarterly production from the two concentrators was negatively impacted by third-party delays in delivering mining equipment, which impacted mining capacity, together with significant electrical failures and operational interruptions following abnormal weather events, impacting the greater Québec province in late December 2022," the company said.
The company said that financial results during the quarter, compared to the prior-year period, were positively impacted by the increase in iron ore sold; however, this was offset by lower iron ore index prices compared to the same period last year, expected transitional start-up costs to support Phase II commercial production and higher operating costs.
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