Brief: Mount Gibson Iron Announces Koolan Island Operations Update
24/10/2025 02:28
Oct 24 (Reuters) - Mount Gibson Iron Ltd MGX.AX: KOOLAN ISLAND OPERATIONS UPDATE WITHDRAWS ITS SALES GUIDANCE FOR FY26. DETERMINED REMEDIATING ROCKFALL-AFFECTED AREA AND RESUMING MINING IS NOT VIABLE OF ITS KOOLAN ISLAND OPERATIONS 250 REDUNDANCIES AND LOSS OF 200 CONTRACTOR ROLES MOUNT GIBSON IRON LTD - NET TRANSITION COSTS ESTIMATED AT A$30-40 MILLION MINING WILL REMAIN SUSPENDED, PROCESSING OPERATIONS WILL CONTINUE IN KOOLAN ISLAND OPERATIONS Further company coverage: MGX.AX ((Reuters.Briefs@thomsonreuters.com;))
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