MGX mount gibson iron limited

Ann: Sep-16 Quarterly Activities Report-MGX.AX, page-2

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    Key Points*  September quarter iron ore sales of 0.9 million wet metric tonnes (Mwmt), and quarterly ore sales revenue of $45 million Free on Board (FOB).  Cash, term deposits and tradeable investments of $437 million at 30 September 2016, up from $400 million at 30 June 2016.  Quarterly operating cashflow of approximately $2 million before investment in ore inventory for future sale.  All-in group cash costs** of $50/wmt FOB for the quarter, in line with guidance and incorporating the continued build-up of ore stockpiles across the business.  Continued steady operating performance at Extension Hill, and permitting for Iron Hill progressing.  Business interruption component of the Koolan seawall insurance claim progressing.  Continued positive progress in the evaluation of a potential Koolan Island production restart.  Appointment of Mr Kin Chan as an Independent Non-Executive Director.  Statutory net profit of $86.3 million reported for the 2015/16 financial year.
 
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