Welcome to our dedicated page for Mesabi Trust news (Ticker: $MSB), a resource for investors and traders seeking the latest updates and insights on Mesabi Trust stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mesabi Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mesabi Trust's position in the market.
Mesabi Trust (NYSE: MSB) received a quarterly royalty report and payment from Cleveland-Cliffs Inc. based on iron ore shipments. The Trust received a total royalty payment of $5,059,648, including a base royalty of $2,106,086 and a bonus royalty of $2,520,601 for the quarter ended March 31, 2024. The royalties are credited based on the volume of iron ore products shipped, pricing, and production from Mesabi Trust lands. Cliffs credited Mesabi Trust with 1,006,692 tons of iron ore shipped in the first quarter of 2024, compared to zero in 2023. The royalties vary due to factors like production decisions, economic conditions, and weather. The historical payments are not indicative of future distributions.
