International Royalty Corporation (IRC-TSX)
Interview with: Douglas B. Silver, Director, Chairman
and CEO
Business News, Financial News, Stocks, Money & Investment Ideas, CEO Interview
and Information on their high margin, diversified
royalty portfolio and the jewel of their portfolio of over 60
royalties is a 2.7% NSR on the Voisey's Bay nickel mine in Labrador, Canada. |
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Low overhead and an
experienced management team has International Royalty Corporation positioned to add to
their current portfolio of over 60 royalties around the world
Resources
Royalty Portfolio
(IRC-TSX)
International Royalty Corporation
Douglas B. Silver
Director, Chairman and CEO
Interview conducted by:
Lynn Fosse, Senior Editor
CEOCFOinterviews.com
February 9, 2005
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“Right now,
because the company is in its infancy, a tremendous amount of our portfolio is tied to the
giant nickel, copper, and cobalt mine in Labrador. Inco, which is one of the largest
nickel producers in the world, just commissioned the mine last November and it is our
largest royalty. We expected we were going to get somewhere between $C16 and $20 million a
year in revenues from this mine, which is very important because we only have nine people
in our company, so our general and administrative costs are maybe 20% of that; they are
very low. We also have royalties in gold, coal, copper, uranium, and a variety of metals
because we believe in the super-cycle. We expect that commodity prices may be high for a
long time, so we want to give our shareholders exposure to as many different upsides as we
can. Therefore, we actively go out and try to get royalties on a variety of
commodities.” - Douglas B. Silver |
