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Mount Gibson Iron Boosts Shipments and Cashflow Amid Price Volatility
8:17am on Thursday 23rd of January, 2025 AEDT
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Mining
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Mount Gibson Iron Boosts Shipments and Cashflow Amid Price Volatility
8:17am on Thursday 23rd of January, 2025 AEDT
Key Points
Iron ore sales of 0.7 million wet metric tonnes at 65.2% Fe grade generating $99 million revenue
Quarterly cashflow of $16 million and total cash plus investments of $451 million
Koolan Island operating costs reduced to $94/wmt FOB, down 5% quarter-on-quarter
On-market share buyback of up to 5% underway with 15.3 million shares repurchased
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