Australia's Mount Gibson Iron rises on strong quarterly production
16/10/2025 24:39
** Shares of Australia's Mount Gibson Iron MGX.AX rise as much as 2.2% to A$0.465, their highest level since April 22, 2024 ** Iron ore producer says it mined 539 kwmt of iron ore in the September quarter, compared with 454 kwmt last year ** Says shipments are anticipated to increase and unit costs to decrease over the remaining mine life at Koolan Island iron ore operation ** Stock up 59.3%, YTD (Reporting by Sneha Kumar in Bengaluru) ((Sneha.kumar@thomsonreuters.com;))
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