Mesabi Trust receives $1.81 million in Q2 royalty payments from Cleveland-Cliffs
MSB•Q2 royalty payments from Cleveland-Cliffs
Mesabi Trust received $1.81 million in royalty payments on July 30, 2026 for the quarter ended June 30, 2026.
- Base royalty totaled $1.59 million.
- Bonus royalty was $0 as reported prices stayed below the $71.70-per-ton adjusted threshold.
- Iron ore shipments credited at 902,331 tons, down 2.39% from 924,442 tons a year earlier.
