---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012745"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T19:36:02.796097+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust Q2 2023 royalty payment totals $5.32M; shipped tons surge to 886K vs 198K YoY

## Summary
- Base royalty of $3.36M and bonus royalty of $4.03M; net royalty after estimates change reduction of $2.30M was $5.09M to Trust.
- Volume of iron ore pellets shipped/produced at 886,301 tons in Q2 2023, up from 198,495 tons in Q2 2022 after Northshore restart.
- Additional $233,596 paid to Mesabi Land Trust, bringing total Q2 2023 royalty payments from Cliffs to $5.32M.
- Cliffs partially restarted Northshore in April 2023 at less than full capacity; Trust warns of potential future price adjustments.

## SEC filing metadata
- accession: 0001558370-23-012745
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837023012745/0001558370-23-012745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837023012745/msb-20230728x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012745
- JSON: https://secwatch.observer/filing/0001558370-23-012745.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012745.txt

## Key facts
- Earnings Releases
  MESABI TRUST reported financial results for the quarter ended June 30, 2023.
  - Period: the quarter ended June 30, 2023
  - Result: reported results
  source text: On July 28, 2023, Mesabi Trust received the quarterly royalty report of iron ore production and shipments out of Silver Bay, Minnesota during the quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/65172/000155837023012745/0001558370-23-012745-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.