Inactive Instrument

Noranda Income Fund

NIF.UN

CA6554321027

Noranda Income Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022

November 13, 2022

Noranda Income Fund reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 254.98 million compared to USD 204.81 million a year ago. Revenue was USD 249.26 million compared to USD 199.97 million a year ago. Net loss was USD 15 million compared to net income of USD 3.89 million a year ago.
For the nine months, sales was USD 681.4 million compared to USD 607.63 million a year ago. Revenue was USD 662.87 million compared to USD 592.92 million a year ago. Net income was USD 44.97 million compared to USD 4.63 million a year ago.

Latest news about Noranda Income Fund

North American Morning Briefing : Traders Reassess -2-	23-03-23	DJ
North American Morning Briefing : Some Calm -2-	23-03-16	DJ
Glencore Canada Closes Noranda Income Fund Acquisition	23-03-15	MT
Glencore Canada Corporation completed the acquisition of remaining 75% stake in Noranda Income Fund (TSX:NIF.UN) from LM Asset Fund Limited Partnership, managed by Qwest Investment Fund Management Ltd, Qwest Investment Fund Management Ltd, Douglas Warwickon and others.	23-03-14	CI
Noranda Income Fund Says Court Approves Purchase by Glencore	23-03-03	MT
North American Morning Briefing : Rising Yields -3-	23-03-02	DJ
Noranda Income Fund Unitholders Approve Purchase by Glencore	23-02-28	MT
Noranda Income Fund Says Glencore Canada Raised Purchase Price; Signs Support Agreements; Up Over 36%	23-02-23	MT
Noranda Income Fund Brief: Independent Committee Urges Unitholders to Vote for Arrangement With Glencore Canada and Secure their All-Cash Offer	23-01-26	MT
Noranda Income Fund Addresses Comments Made by Activist Unitholders	23-01-13	MT
Noranda Income Fund Unitholders Comment on Glencore Canada Buyout Proposal	23-01-11	MT
Noranda Income Fund Surges Near 43% as Glencore Canada Agrees To Acquire Fund's Priority Units For $53 Million	23-01-09	MT
Glencore Canada To Acquire Noranda Income Fund Priority Units For $53 Million	23-01-09	MT
Noranda Income Fund Brief: Glencore Canada to Acquire Noranda Income Fund Priority Units in an All-Cash Transaction	23-01-09	MT
Glencore Canada Corporation entered into an arrangement agreement to acquire remaining 75% stake in Noranda Income Fund (TSX:NIF.UN) from LM Asset Fund Limited Partnership, managed by Qwest Investment Fund Management Ltd, Qwest Investment Fund Management Ltd, Douglas Warwickon and others for CAD 74.2 million.	23-01-08	CI
Noranda Income Fund Brief: Approved a special cash distribution of $0.03 per unit payable on January 25, 2023, to Priority and Ordinary Unitholders of record as at the close of business on December 30, 2022	22-12-19	MT
Noranda Income Fund Brief: Announcing Special Distribution of 2022 Taxable Income	22-12-19	MT
Noranda Income Fund Announces Special Cash Distribution, Payable on January 25, 2023	22-12-19	CI
Noranda Income Fund Successfully Completes Major Cellhouse Repairs and Restarts Operations	22-12-14	CI
Noranda Income Fund Faces Proxy Battle as Unitholders Seek Special Meeting to Unseat Four Board Members	22-11-24	MT
Transcript : Noranda Income Fund, Q3 2022 Earnings Call, Nov 15, 2022	22-11-15
Noranda Income Fund Reports Production Results for the Third Quarter Ended September 30, 2022	22-11-14	CI
Noranda Income Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-13	CI
Noranda Income Fund Downgradewd to Hold at TD	22-10-25	MT
Noranda Income Fund Withdraws Production Guidance for Its Zinc Processing Facility as It Shuts the Site for Repairs	22-10-19	MT

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Company Profile

Noranda Income Fund (the Fund) is a Canada-based open-ended income trust. The Fund's objective is to make monthly distributions to Unitholders. The Fund owns the electrolytic zinc processing facility and ancillary assets (the Processing Facility) located in Salaberry-de-Valleyfield, Quebec, approximately 60 kilometers southwest of Montreal, on an 820-acre site situated on the St. Lawrence Seaway. The Processing Facility produces refined zinc metal and various by-products from zinc concentrate produced by mining operations. It produces refined zinc metal and various by-products from sourced zinc concentrates, including sulphuric acid. Its main use is to galvanize steel for the construction and automotive industries. Zinc is also used in the production of die castings and brass. Zinc powders, oxide and dust are used in the manufacture of batteries, rubber tires, pigments and various creams. Canadian Electrolytic Zinc Limited is the manager of the Fund.

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Specialty Mining & Metals

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