MESABI TRUST reported financial results for the quarter ended March 31, 2026.
“On April 30, 2026, Mesabi Trust received the quarterly royalty report of iron ore shipments out of Silver Bay, Minnesota during the quarter ended March 31, 2026 (the "Royalty Report") from Cleveland-Cliffs Inc.”
“In particular, the Trustees’ current distribution determination reflects that the Trust received total royalty payments of $4,943,488 on January 30, 2026, from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”), which was lower than the total royalty payments of $8,986,464 received by the Trust from Cliffs in January 2025, all of which was previously reported.”
Earnings Releases
MESABI TRUST reported financial results for quarter ended March 31, 2024.
“On April 30, 2024, Mesabi Trust received the quarterly royalty report of iron ore shipments out of Silver Bay, Minnesota during the quarter ended March 31, 2024”
Earnings Releases
MESABI TRUST reported the same period last year results: EPS twenty-nine cents ($0.29) per Unit.
“ESABI TRUST PRESS RELEASE April 16, 2024 @ 04:05 PM Eastern Daylight Time NEW YORK--(BUSINESS WIRE) Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of twenty-nine cents ($0.29) per Unit of Beneficial Interest payable on May 20, 2024 to Mesabi Trust Unitholders of record at the close of business on April 30, 2024.”
Earnings Releases
MESABI TRUST reported same period last year results: EPS thirty-seven cents ($0.37) per Unit.
“The Trustees of Mesabi Trust declared a distribution of thirty-seven cents ($0.37) per Unit of Beneficial Interest payable on February 20, 2024 to Mesabi Trust Unitholders of record at the close of business on January 30, 2024. This compares to no distribution declared for the same period last year.”
Earnings Releases
MESABI TRUST reported financial results for quarter ended September 30, 2023.
“Item 2.02 Results of Operations and Financial Condition. Receipt of Quarterly Royalty Report and Royalty Payment from Cleveland-Cliffs Inc. On October 30, 2023, Mesabi Trust received the quarterly royalty report of iron ore production and shipments out of Silver Bay, Minnesota during the quarter ended September 30, 2023 (the “Quarterly Royalty Report”) from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”).”
Earnings Releases
MESABI TRUST reported financial results for the quarter ended June 30, 2023.
“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”
Auditor Changes
MESABI TRUST engaged Boulay PLLP as its auditor.
“On June 21, 2023, Mesabi Trust engaged Boulay PLLP (“Boulay”) as its independent registered public accountant to audit Mesabi Trust’s financial statements.”
Earnings Releases
MESABI TRUST reported financial results for quarter ended March 31, 2023.
“On April 28, 2023, Mesabi Trust received the quarterly royalty report of iron ore shipments out of Silver Bay, Minnesota during the quarter ended March 31, 2023 (the “Quarterly Royalty Report”) from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”). As further explained under Item 7.01 below, the Quarterly Royalty Report indicated that the Mesabi Trust received no royalty payments on April 28, 2023.”
Earnings Releases
MESABI TRUST reported financial results for the quarter ended September 30, 2022.
“On October 28, 2022, Mesabi Trust received the quarterly royalty report of iron ore shipments out of Silver Bay, Minnesota during the quarter ended September 30, 2022 (the “Royalty Report”) from Cleveland-Cliffs Inc. (“Cliffs”), the parent company of Northshore Mining Company (“Northshore”). The Royalty Report indicated that, because of the current and ongoing idling of Northshore, the Trust received no royalty payment.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.