Earnings summaries and quarterly performance for MESABI TRUST.
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Mesabi Trust Reports Q3 2025 Royalty Payments
MSB
Earnings
Revenue Acceleration/Inflection
- Mesabi Trust received total royalty payments of $4,005,142 on October 30, 2025, for iron ore shipments during the quarter ended September 30, 2025.
- The royalty payment included a base royalty of $2,817,500 and a bonus royalty of $973,410.
- 987,370 tons of iron ore were credited as shipped by Northshore Mining Company during the third calendar quarter of 2025, an increase from 972,154 tons shipped in the third calendar quarter of 2024.
Oct 31, 2025, 8:30 PM
Mesabi Trust Declares Q3 2025 Distribution
MSB
Dividends
Guidance Update
Demand Weakening
- Mesabi Trust declared a distribution of $0.34 per Unit of Beneficial Interest, payable on November 20, 2025, to unitholders of record on October 30, 2025.
- This distribution is lower than the $0.39 per Unit declared for the same period last year.
- The distribution decision reflects total royalty payments of $5,300,287 received on July 30, 2025, from Cleveland-Cliffs Inc..
- Trustees also considered maintaining appropriate reserves and various uncertainties, including volatility in the iron ore and steel industries, global economic uncertainties, and potential changes in trade laws.
- Quarterly royalty payments for the third calendar quarter are due on October 30, 2025, after which Mesabi Trust plans to file a summary with the SEC.
Oct 10, 2025, 8:05 PM
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