“It is pleasing to see that mining production and sales increased by almost 40% compared with the preceding quarter, as operations at Iron Hill gathered pace. This operational lift, combined with the receipt of $64 million from the settlement of the business interruption component of the Koolan Island insurance claim, boosted end of quarter cash and liquid investment reserves to $507 million after accounting for Koolan Island cash expenditure of $12 million in the quarter. It was also pleasing that the Company was able to once again declare a fully franked dividend during the quarter on the back of the strong profit result reported for the prior financial year...
I agree - very pleasing, love mgx and need to look at topping up my parcel!!
MGX Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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