LABRADOR IRON ORE ROYALTY CORPORATION - RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2022 TORONTO , Aug. 4, 2022 |CNW| - Labrador Iron Ore Royalty Corporation ("LIORC"), (TSX: LIF ) announced today its operation and cash flow results for the second quarter ended June 30, 2022 . Financial Performance In the second quarter of 2022, LIORC''s financial results were negatively affected by lower iron ore prices, partially offset by higher pellet premiums and higher volumes of pellets and concentrate for sale ("CFS") sales. Royalty revenue for the second quarter of 2022 amounted to $65.9 million compared to $78.8 million for the second quarter of 2021. Equity earnings from Iron Ore Company of Canada ("IOC") were $47.2 million in the second quarter of 2022 compared to $66.2 million in the second quarter of 2021. Net income per share for the second quarter of 2022 was $1.23 per share, which was a 29% decrease over the same period in 2021. The adjusted cash flow per share for the second quarter of 2022 was $0.88 per share, which was 52% lower than in the same period in 2021, as a result of lower royalty revenues and because LIORC received a dividend from IOC in the amount of $19.6 million from IOC in the second quarter of 2022, compared to a dividend from IOC in the amount of $74.4 million in the second quarter of 2021.