Scully Royalty Ltd.SRL
What Scully Royalty Ltd. does.
The mine underlying our royalty interest produces a high-grade ore in excess of 65% iron content that also has other favourable characteristics, such as relatively low contaminant ratios. Globally, steelmakers value high grade iron ore with low contaminants (such as silica, alumina, and phosphorus) because they improve environmental and financial performance through more efficient raw material utilization, higher plant yields and lower emissions. Therefore, it is common and generally expected for 65% Fe iron ore, including the Scully Mine’s product, to sell at a premium to 62% Fe iron ore. In 2024, the Platts 65% Fe index sold at approximately a 13% (US$14) premium to the Platts 62% Fe Index.
The following table sets forth the total iron ore products (which include pellets, chips and concentrates) shipped from the mine based upon the amounts reported to us by the Scully Mine for the periods indicated:
Production in 2024 was impacted by, among other things, wildfires in the Province of Newfoundland and Labrador, Canada in the summer of 2024.
Revenue and profit, by fiscal year.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue | $113.3M | $59.4M | $71.3M | $63.7M | $54.9M | $35.3M |
| Net income | -$18.6M | $369,000 | $7.6M | -$23.4M | $1.4M | -$20.6M |
| Free cash flow | -$10.5M | -$21.5M | -$7.6M | $30.2M | $26.0M | -$31.6M |
More on SRL.
- Scully Royalty Ltd. summary
- Scully Royalty Ltd. financial statements
- Scully Royalty Ltd. key metrics
- Scully Royalty Ltd. health scores and style box
- Scully Royalty Ltd. earnings
- Scully Royalty Ltd. dividends
- Scully Royalty Ltd. valuation
- Scully Royalty Ltd. ownership and insiders
- Scully Royalty Ltd. peers
Figures from Scully Royalty Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.