middle.news
MGX shifts from Koolan closure to Central Tanami gold development
8:23am on Friday 16th of October, 2026 AEDT
•
Mining
Read Story
MGX shifts from Koolan closure to Central Tanami gold development
8:23am on Friday 16th of October, 2026 AEDT
Key Points
$30.2 million net loss after $58.9 million of non-cash impairments
$412.1 million in cash and investment reserves with no bank borrowings
Koolan Island sale to Crestlink remains conditional and may settle by March 2027
Central Tanami contains 2.8 million ounces of gold on a 100% project basis
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Mgx Resources (ASX:MGX)
OPEN ARTICLE