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Noranda Income Fund

NIF_u.TO

Latest Trade

2.32CAD

Change

0.02(+0.87%)

Volume

13,800

Today's Range

2.26

 - 

2.32

52 Week Range

1.12

 - 

3.17

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
2.30
Open
2.26
Volume
13,800
3M AVG Volume
0.81
Today's High
2.32
Today's Low
2.26
52 Week High
3.17
52 Week Low
1.12
Shares Out (MIL)
49.99
Market Cap (MIL)
86.23
Forward P/E
--
Dividend (Yield %)
--

Next Event

Q4 2019 Noranda Income Fund Earnings Release

Latest Developments

More

Noranda Income Fund Reports Qtrly Revenue $191.8 Mln Vs $243.2 Mln

Noranda Income Fund Reports Qtrly Net Revenues Of $179.7 Mln Vs $243.8 Mln

Noranda Income Fund Reports Qtrly Net Revenues $186.9 Million

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About Noranda Income Fund

Noranda Income Fund (the Fund) is a Canada-based open-ended trust. The Fund's primary objective is to provide stable, monthly distributions. The Fund owns an electrolytic zinc processing facility and its ancillary assets (the Processing Facility) located in Salaberry-de-Valleyfield, Quebec. The Processing Facility produces refined zinc metal and various by-products from zinc concentrate purchased from mining operations, and sells refined zinc products to customers in the open market. The Fund produces copper in cake and sulfuric acid as by-products from refining zinc concentrate. The Fund processes approximately 519,510 tons of zinc concentrate. It processes approximately 20,290 tons of secondary zinc concentrate. It operates in Canada and the United States. Its value added products include Jumbo Zinc, Zinc Shot and Granulated zinc. Canadian Electrolytic Zinc Limited acts as the Fund's manager, which is a subsidiary of Glencore Canada Corporation.

Industry

Metal Mining

Contact Info

100 King Street West Suite 6900

Stn 1st Can Place

PO Box 403

+1.819.2815785

http://www.norandaincomefund.com/

Executive Leadership

John J. Swidler

Independent Chairman of the Board of Trustees

Liana Centomo

Chief Executive Officer of the Manager

Michael Boone

Chief Financial Officer, Vice President and Director of the Manager

Martin Fillion

Chief Operating Officer of the Manager

G. Reid Bowlby

Vice President - Marketing of the Manager

Key Stats

2.00 mean rating - 1 analysts
Sell
Hold
Buy
Revenue (MM, CAD)

2017

0.9K

2018

1.2K

2019(E)

0.0K
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.08
Price To Book (MRQ)
0.52
Price To Cash Flow (TTM)
48.49
Total Debt To Equity (MRQ)
65.94
LT Debt To Equity (MRQ)
0.00
Return on Investment (TTM)
-5.54
Return on Equity (TTM)
-3.38

Latest News

Latest News

Glencore signs annual zinc treatment charges deal with Canada's Noranda

Global trader and miner Glencore has struck a deal with its Canadian subsidiary Noranda Income Fund on the terms of zinc treatment charges for the coming year, but did not disclose the fees, the fund said on Friday.

BRIEF-Noranda Income Fund Announces Terms Agreement

* NORANDA INCOME FUND - AGREED WITH GLENCORE CANADA ON TERMS AS PER WHICH ZINC CONCENTRATE TO BE BOUGHT, ZINC METAL TO BE SOLD FROM MAY 1, 2019-APRIL 30, 2020

BRIEF-Noranda Income Fund Extends Maturity Of Asset Backed Revolving Credit Facility

* NORANDA INCOME FUND EXTENDS MATURITY OF ASSET BACKED REVOLVING CREDIT FACILITY

BRIEF-Noranda Income Fund Agrees With Glencore Canada For Purchase Of Concentrate And Sale Of Metal

* NORANDA INCOME FUND ANNOUNCES AGREEMENTS WITH GLENCORE CANADA FOR PURCHASE OF CONCENTRATE AND SALE OF METAL

BRIEF-Noranda Income Fund Announces That Union Has Ratified New Collective Agreement

* NORANDA INCOME FUND-UNIONIZED EMPLOYEES AT PROCESSING FACILITY VOTED IN FAVOUR OF NEW COLLECTIVE AGREEMENT EFFECTIVE FROM DEC 1, 2017 TO NOV 30, 2023 Source text for Eikon: Further company coverage:

Union for striking workers reaches tentative labor deal at Quebec zinc refinery

The United Steelworkers said on Thursday it reached a tentative agreement with Noranda Income Fund on a new labor deal for 371 striking workers at a zinc refinery in Salaberry-de-Valleyfield, Quebec.

BRIEF-Noranda's Q3 zinc metal sales falls 52 pct vs last yr

* Noranda Income Fund reports 2017 third quarter financial results

Striking workers at Quebec zinc plant reject contract

Striking workers at North America's second-largest zinc processing plant, owned by the Noranda Income Fund <NIF_u.TO>, have rejected a wage and pension offer from the company, Noranda and the union representing workers said on Tuesday.

BRIEF-Noranda Income Fund says Q1 zinc metal production falls 26 pct to 50,048 tonnes

* Noranda Income Fund reports 2017 first quarter financial results

Noranda says zinc output 50-60 pct at strike-hit Quebec plant

Noranda Income Fund <NIF_u.TO> said on Thursday zinc output at its Quebec plant, the second-largest in North America, was at 50-60 percent of normal operating levels as a five-and-a-half week long strike dragged on.

Noranda says zinc production at 50-60 pct at strike-hit plant

Noranda Income Fund said on Thursday that zinc production at a Quebec plant, which was hit by a strike, was at 50-60 percent of normal operating levels.

BRIEF-Noranda Income Fund provides update on zinc metal production at its processing facility

* Noranda Income Fund provides update on zinc metal production at its processing facility

No talks planned to end 5-1/2-week Quebec zinc plant strike: union

No meetings are planned between management and striking workers at Noranda Income Fund's <NIF_u.TO> zinc refinery in Quebec, the second biggest in North America, a union official said on Wednesday, as the work stoppage dragged through a sixth week.

Union vows to take Quebec zinc plant to court over strikebreakers

The union representing striking workers at the Noranda Income Fund's zinc processing facility in Quebec, vowed on Thursday to take the company to court over the alleged use of strikebreakers.

METALS-Copper hit by dollar and profit-taking

* Strike continues at Noranda zinc processing plant, Canada (Adds official midday prices, minor edits)

METALS-London copper steadies as demand view supports

* Strike continues at Noranda zinc processing plant in Canada

UPDATE 1-Noranda defers 2017 zinc forecasts due to Quebec plant strike

Noranda Income Fund said on Wednesday it was deferring its 2017 zinc production and sales forecasts due to an ongoing strike by workers at its Quebec processing plant, the second-largest in North America.

Noranda management restarts output at Quebec zinc plant

Noranda Income Fund said on Wednesday that management had restarted production at its zinc processing plant in Salaberry-de-Valleyfield, Quebec and was ramping up output as a strike that started Feb. 12 continues.

Noranda defers 2017 zinc forecasts due to Quebec plant strike

Noranda Income Fund said on Wednesday it was deferring its 2017 zinc production and sales forecasts due to a strike by workers at its Quebec processing plant, the second-largest in North America.

BRIEF-Noranda Income Fund posts Q4 adj. net revenues were $83 mln

* Noranda Income Fund reports fourth quarter and FY2016 financial results

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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