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How MGX Resources Is Rebuilding After a $60M Koolan Island Rockfall Setback
8:16am on Thursday 19th of February, 2026 AEDT
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Mining
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How MGX Resources Is Rebuilding After a $60M Koolan Island Rockfall Setback
8:16am on Thursday 19th of February, 2026 AEDT
Key Points
Half-year net loss narrows to $20.8 million from $71.7 million prior year
Koolan Island rockfall causes suspension of mining and $60.3 million impairment
Sales revenue down 8% to $156 million with shift to low-grade ore sales
Strong cash reserves of $456 million maintained despite operational challenges
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MGX RESOURCES (ASX:MGX)
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