middle.news
Mount Gibson Posts $82M Loss, Eyes Gold with Central Tanami Buy
6:11pm on Wednesday 20th of August, 2025 AEST
•
Mining
Read Story
Mount Gibson Posts $82M Loss, Eyes Gold with Central Tanami Buy
6:11pm on Wednesday 20th of August, 2025 AEST
Key Points
Net loss of A$82.2 million driven by lower iron ore prices and impairments
Koolan Island production and sales volumes declined due to operational transitions and weather
Strong cash reserves of approximately A$464 million maintained
On-market share buy-back program underway, repurchasing 3% of shares
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Mgx Resources (ASX:MGX)
OPEN ARTICLE