Mount Gibson Iron Limited

MGX

AU000000MGX7

Iron & Steel

Market Closed - Australian S.E. Other stock markets 02:10:43 2024-04-26 am EDT			5-day change	1st Jan Change
0.435 ^AUD	-3.33%		-5.43%	-20.91%

Apr. 18	Mount Gibson Iron Limited Provides Earnings Guidance for Fiscal Year 2024	CI
Apr. 18	Transcript : Mount Gibson Iron Limited, Q3 2024 Earnings Call, Apr 18, 2024

Mount Gibson Iron Limited Reports Earnings Results for the Half Year Ended December 31, 2023

February 20, 2024 at 04:03 pm EST

Mount Gibson Iron Limited reported earnings results for the half year ended December 31, 2023. For the half year, the company reported sales was AUD 432 million compared to AUD 152 million a year ago. Net income was AUD 138.7 million compared to AUD 7.4 million a year ago.

Latest news about Mount Gibson Iron Limited

Mount Gibson Iron Limited Provides Earnings Guidance for Fiscal Year 2024	Apr. 17	CI
Transcript : Mount Gibson Iron Limited, Q3 2024 Earnings Call, Apr 18, 2024	Apr. 17
Mount Gibson Iron Posts AU$130 Million Ore Sales Revenue in March Quarter	Apr. 17	MT
Mount Gibson on Track to Meet FY2024 Shipping Guidance	Apr. 04	MT
Mount Gibson Iron Shares Decline 3%; Posts 187% Surge in H1 FY24 Revenue, Profit Jumps	Feb. 20	MT
Transcript : Mount Gibson Iron Limited, H1 2024 Earnings Call, Feb 21, 2024	Feb. 20
Mount Gibson Iron Posts 187% Surge in H1 FY24 Revenue, Profit Jumps	Feb. 20	MT
Mount Gibson Iron Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 20	CI
APAC Resources to Return to Profit in Fiscal H1	Jan. 30	MT
Mount Gibson Seeks Acquisition Opportunities	Jan. 17	CI
Transcript : Mount Gibson Iron Limited - Shareholder/Analyst Call	Jan. 17
Mount Gibson Seeks Acquisition Opportunities	Nov. 14	CI
Transcript : Mount Gibson Iron Limited - Shareholder/Analyst Call	Nov. 14
Mount Gibson Iron Hits Record Quarterly High-Grade Iron Ore Sales in Fiscal Q1	23-10-20	MT
Mount Gibson Iron Limited Provides Sales Guidance for the Fiscal Year 2024	23-10-19	CI
Transcript : Mount Gibson Iron Limited, Q1 2024 Earnings Call, Oct 20, 2023	23-10-19
Mount Gibson Iron's Mineral Resource Estimate Shows Depletion at Koolan Island	23-10-02	MT
Transcript : Mount Gibson Iron Limited, 2023 Earnings Call, Aug 23, 2023	23-08-22
Mount Gibson Iron Limited Announces Board Changes	23-08-22	CI
Mount Gibson Iron Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-22	CI
Fenix Concludes Purchase of Mount Gibson Iron Mine Assets	23-07-25	MT
Mount Gibson Iron Completes Divestment of Western Australian Mining, Infrastructure Assets	23-07-23	MT
Fenix Resources Limited completed the acquisition of Mid-West iron ore mining and infrastructure assets from Mount Gibson Iron Limited.	23-07-20	CI
Mount Gibson Iron Limited Announces Sales Guidance for 2023	23-07-18	CI
Transcript : Mount Gibson Iron Limited, Q4 2023 Earnings Call, Jul 19, 2023	23-07-18

Chart Mount Gibson Iron Limited

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Company Profile

Mount Gibson Iron Limited is an Australia-based company that is engaged in producing and exporting iron ore products. The Company operates through two segments: Mid-West and Koolan Island. The Mid-West segment includes the mining, crushing, transportation and sale of iron ore from the Shine iron ore deposits and the port facilities at Geraldton Port. The Koolan Island segment includes the mining, crushing and sale of iron ore direct from the Koolan Island iron ore operation. The Shine Iron Ore Project (SIOP) is located approximately 85 kilometers (kms) north of the Companyâs Extension Hill operation and approximately 375 kms northeast of Perth in the Mid-West region of Western Australia. Its Koolan Island operation is located in the Buccaneer Archipelago approximately 140 km north of Derby, in the Kimberley region of Western Australia. The Companyâs subsidiaries include Mount Gibson Mining Limited, Geraldton Bulk Handling Pty Ltd, Gibson Minerals Ltd and Aztec Resources Limited.

Sector

Iron & Steel

Calendar

2024-08-19 - Q4 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.435 AUD

Average target price

0.5 AUD

Spread / Average Target

+14.94%

Consensus

Annual profits - Rate of surprise

Company calendar

Sector Iron Ore Mining

	1st Jan change	Capi.
MOUNT GIBSON IRON LIMITED	-20.91%	345M
VALE S.A.	-18.73%	52.39B
FORTESCUE LTD	-11.82%	51.33B
NMDC LIMITED	+23.14%	9.06B
KUMBA IRON ORE LIMITED	-22.65%	8.11B
SHOUGANG HIERRO PERU S.A.A.	-2.36%	5.75B
CSN MINERAÇÃO S.A.	-36.40%	5.33B
NMDC STEEL LIMITED	+29.09%	2.33B
HAINAN MINING CO., LTD.	+9.71%	1.98B
DETERRA ROYALTIES LIMITED	-7.21%	1.69B

Iron Ore Mining