Australia's Mount Gibson Iron rises as Koolan Island output on target despite floods

MGX Resources

22/03/2023 24:51

** Shares of Mount Gibson Iron Ltd  MGX.AX  climb as much as
6% to A$0.530, hitting their highest level since March 10
    ** The iron ore producer says mining ops at its Koolan
Island operation have performed to plan during the Kimberley wet
season despite the emergency flooding events on the mainland
    ** Says FY23 mining production for Koolan Island operation
remains on target 
    ** Shares post their biggest intraday pct gain since March
17
    ** Mount Gibson stock up 3.1% YTD, as of last close 

    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))