MGX 0.00% 30.0¢ mount gibson iron limited

Great results. Sales increased ~40% in the September quarter to...

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  1. 187 Posts.
    Great results.

    Sales increased ~40% in the September quarter to 0.84 million wet metric tonnes (Mwmt) including low grade sales of 0.18 Mwmt, for ore sales revenue of $43 million Free on Board (FOB).
    Cash and liquid investments increased to $507 million at 30 September 2017, up from $447 million at 30 June 2017, reflecting positive operating cashflows and receipt of the proceeds from the Koolan seawall business interruption insurance claim, net of Koolan Island restart expenditure.
 
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