Labrador Iron Ore Royalty Corporation - IOC Production and Sales Figures for the Second Quarter of 2015

TORONTO, July 16, 2015 /CNW/ - Labrador Iron Ore Royalty Corporation (TSX: LIF) ("LIORC") announced that Iron Ore Company of Canada ("IOC") has released production and sales figures for the second quarter of 2015 as below:

Iron Ore Company of Canada

		Second	Third	Fourth	First	Second	Six	Six
		Quarter	Quarter	Quarter	Quarter	Quarter	Months	Months
Saleable Iron Ore Production		2014	2014	2014	2015	2015	2014	2015
Concentrates ('000 tonnes)		1,924	1,593	1,439	1,370	2,120	2,994	3,490
Pellets ('000 tonnes)		2,104	2,322	2,388	2,223	2,336	4,038	4,558
Total Iron Ore Production ('000 tonnes)		4,028	3,915	3,827	3,593	4,456	7,032	8,048

Second quarter of 2015 concentrate for sales (CFS) production improved by 55% from the previous quarter and was 10% better than the second quarter of 2014. This was mainly driven by better asset availability and utilization, together with favorable weight yield.  Second quarter of 2015 pellet production was 5% and 11% higher than the first quarter of 2015 and the second quarter of 2014 respectively driven by the restart of a 6^th induration machine which was previously idled.

		Second	Third	Fourth	First	Second	Six	Six
		Quarter	Quarter	Quarter	Quarter	Quarter	Months	Months
Sales		2014	2014	2014	2015	2015	2014	2015
Concentrates ('000 tonnes)		1,904	2,288	1,246	711	1,894	2,537	2,605
Pellets ('000 tonnes)		1,931	1,996	2,402	2,490	2,288	3,807	4,779
Total Iron Ore Sales ('000 tonnes)		3,835	4,284	3,648	3,201	4,182	6,344	7,384

Second quarter of 2015 concentrate sales were 166% higher than the previous quarter and similar to the corresponding quarter in 2014. Good operational performance translated in better sales performance in the second quarter of 2015.

Second quarter of 2015 pellet sales were 8% lower than the previous quarter due to vessel timing  and 19% higher than the second quarter of 2014 driven by higher production.

SOURCE Labrador Iron Ore Royalty Corporation

Bruce C. Bone, President & Chief Executive Officer, [phone], [email protected]