Champion Iron (TSE:CIA) reported higher year-over-year production in its fiscal fourth quarter, while management said winter weather, a third-party train derailment, planned shutdowns and higher fuel-related costs weighed on sales logistics and operating costs.
On the company’s fourth-quarter fiscal 2026 earnings call, CEO David Cataford said Champion produced just over 3.4 million tonnes during the quarter, up 8% from the prior year, and sold just over 3.45 million tonnes. Iron recovery improved to 80.6%. The company reported quarterly revenue of CAD 414 million, EBITDA of just over CAD 114 million, net income of CAD 23.2 million and earnings per share of CAD 0.04.