Mesabi Trust

MSB

US5906721015

Iron & Steel

Market Closed - Nyse Other stock markets 21:00:02 24/05/2024 BST			5-day change	1st Jan Change
17.32 ^USD	+0.17%		-2.42%	-15.39%

04-24	Mesabi Trust Reports Earnings Results for the Full Year Ended January 31, 2024	CI
04-16	Mesabi Trust Declares Distribution, Payable on May 20, 2024	CI

Mesabi Trust Reports Earnings Results for the Full Year Ended January 31, 2019

April 12, 2019 at 09:07 pm

Mesabi Trust announced earnings results for the full year ended January 31, 2019. For the full year, the company announced total revenue was USD 47.293 million compared to USD 34.495 million a year ago. Net income was USD 45.559 million compared to USD 33.423 million a year ago. Basic earnings per share from continuing operations was USD 3.472 compared to USD 2.548 a year ago.

Latest news about Mesabi Trust

Mesabi Trust Reports Earnings Results for the Full Year Ended January 31, 2024	04-24	CI
Mesabi Trust Declares Distribution, Payable on May 20, 2024	04-16	CI
Mesabi Trust Declares Distribution, Payable on February 20, 2024	01-12	CI
Mesabi Trust Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023	12-14	CI
Mesabi Trust(NYSE:MSB) added to S&P Global BMI Index	18/09/23	CI
Mesabi Trust Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023	13/09/23	CI
Mesabi Trust Suspends July Distribution	14/07/23	MT
Mesabi Trust Reports Earnings Results for the First Quarter Ended April 30, 2023	13/06/23	CI
Mesabi Trust Reports Earnings Results for the Full Year Ended January 31, 2023	24/04/23	CI
Mesabi Trust Announces No Distribution for January 2023	12/01/23	CI
Mesabi Trust Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2022	13/12/22	CI
Mesabi Trust Determines No Distribution to Be Declared for October 2022 with Respect to Units of Beneficial Interest	14/10/22	CI
Mesabi Trust Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2022	13/09/22	CI
Mesabi Trust Declares Distribution, Payable on August 20, 2022	15/07/22	CI
Mesabi Trust Reports Earnings Results for the First Quarter Ended April 30, 2022	13/06/22	CI
Mesabi Trust Reports Earnings Results for the Full Year Ended January 31, 2022	27/04/22	CI
Mesabi Trust Declares Distribution, Payable on May 20, 2022	15/04/22	CI
Mesabi Trust Raises Quarterly Dividend to $1.75 Per Unit	11/01/22	MT
Mesabi Trust Declares Distribution, Payable on February 20, 2022	10/01/22	CI
Mesabi Trust Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2021	15/12/21	CI
Mesabi Trust Declares Distribution, Payable on November 20, 2021	08/10/21	CI
Mesabi Trust Reports Earnings Results for the Second Quarter Ended July 31, 2021	13/09/21	CI
Mesabi Trust Declares Distribution, Payable on August 20, 2021	12/07/21	CI
Mesabi Trust Reports Earnings Results for the First Quarter Ended April 30, 2021	11/06/21	CI
Mesabi Trust Reports Earnings Results for the Full Year Ended January 31, 2021	27/04/21	CI

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Company Profile

Mesabi Trust is a royalty trust organized to derive income from an iron mine (the Peter Mitchell Mine) located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The Trust is a pass-through entity. It operates in one segment, which is iron ore mining. The mine is operated by Northshore Mining Company (Northshore), a subsidiary of Cleveland-Cliffs Inc. (CCI). Northshore mines the ore, which is in the form of taconite, a hard rock containing approximately 21% recoverable iron, crushes it, separates the iron particles from the non-metallic, and forms the resulting concentrate into pellets which are shipped for use in steel-producing blast furnaces of customers of CCI. Northshore pays royalties to the Trust primarily based on the selling price of pellets shipped from Northshoreâs pellet plant at Silver Bay, Minnesota, on Lake Superior approximately 45 miles from the mine, plus a significantly smaller royalty based on tons of ore extracted at the mine.

Sector

Iron & Steel

Calendar

10/06/2024 - Q1 2024 Earnings Release (Projected)

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Sector Iron Ore Mining

	1st Jan change	Capi.
MESABI TRUST	-15.39%	227M
VALE S.A.	-15.41%	54.1B
NMDC LIMITED	+25.48%	9.45B
KUMBA IRON ORE LIMITED	-14.21%	9.23B
SHOUGANG HIERRO PERU S.A.A.	-2.36%	5.77B
CSN MINERAÇÃO S.A.	-31.80%	5.64B
NMDC STEEL LIMITED	+23.83%	2.29B
HAINAN MINING CO., LTD.	+7.89%	1.94B
HBIS RESOURCES CO., LTD.	+20.48%	1.8B
DETERRA ROYALTIES LIMITED	-9.49%	1.68B