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Last A$0.18 AUD
Change Today -0.005 / -2.78%
Volume 3.4M
MGX On Other Exchanges
As of 2:10 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

mount gibson iron ltd (MGX) Snapshot

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52 Week High
08/28/14 - A$0.73
52 Week Low
08/25/15 - A$0.17
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mount gibson iron ltd (MGX) Details

Mount Gibson Iron Limited, together with its subsidiaries, is engaged in the mining, exploration, and development of hematite iron ore deposits in Australia. The company operates the Tallering Peak mine located in the Mid-West region of Western Australia; the Koolan Island hematite mine situated in the northern Kimberley coast of Western Australia; and the Extension Hill hematite project located in the Mt Gibson range, southeast of Geraldton. It also owns the Shine hematite project located east of Geraldton in the Mid-West region of Western Australia. The company was founded in 1996 and is based in West Perth, Australia.

Founded in 1996

mount gibson iron ltd (MGX) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: A$1.0M
Chief Financial Officer
Total Annual Compensation: A$634.9K
Chief Operating Officer
Total Annual Compensation: A$683.1K
General Counsel and Company Secretary
Total Annual Compensation: A$437.2K
Compensation as of Fiscal Year 2014.

mount gibson iron ltd (MGX) Key Developments

Mount Gibson Iron Limited Omits to Pay Dividend for the Year Ended June 30, 2015

Mount Gibson Iron Limited announced a final dividend for the 2014/15 financial year has not been declared given the presently depressed iron ore price environment and the recent failure of the Main Pit seawall at the Group's Koolan Island operation. During the financial year, a final dividend of 4 cents per share fully franked in respect of the 2013/14 financial year was paid by way of AUD 43,632,203 in cash.

Mount Gibson Announces Earnings Results for the Full Year of 2015

Mount Gibson announced earnings results for the fiscal year 2015. For the year, the company announced full year loss of AUD 911.4 million after being hit by huge impairment charges. Net loss for full year 2015 was sparked by AUD 945.2 million in non-cash impairment charges it was forced to make after iron ore prices plunged and the main pit seawall at its Koolan Island operations failed in November. The result represented a major turnaround from the AUD 96.4 million profit the previous year. Sales plunged to AUD 315.6 million from AUD 660.2 million.

Mount Gibson Iron Ltd Reports Sales Results for the Third Quarter Ended March 2015; Provides Sales Guidance for the Full Year of 2015

Mount Gibson Iron Ltd. reported sales results for the third quarter ended March 2015. The company reported March quarter iron ore sales of 1.1 million wet metric tonnes (wmt). March quarter iron ore sales revenue was $60 million free on board (FOB) incorporating an average realised Extension Hill FOB fines price of $47/dmt. The company on track to meet full-year sales guidance of 4.8 million wet metric tonnes to 5.2 million wet metric tonnes .


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