Oct 1 (Reuters) - Mount Gibson Iron Ltd (MGX) :
- SHINE OPERATIONS TO BE RAMPED DOWN AND SUSPENDED AFTER NEXT PLANNED SHIPMENT AT MONTH END
- DECISION REFLECTS A RAPID DETERIORATION IN IRON ORE PRICES
- WILL IMPLEMENT STAGED SUSPENSION OF OPERATIONS AT SHINE MINE SITE TO REDUCE EXPENDITURE AND PRESERVE VALUE OF DEPOSIT
- SUSPENSION OF SHINE DOES NOT IMPACT KOOLAN ISLAND OPERATION
- WILL ALSO WORK WITH ITS CONTRACTORS AND LOCAL COMMUNITIES TO LESSEN IMPACTS OF THIS NECESSARY ACTION
- IN LIGHT OF PLANNED SUSPENSION OF OPERATIONS AT SHINE, SALES GUIDANCE FOR SITE IS WITHDRAWN FOR 2021/22 FY
News: MGX Mount Gibson Iron Announces Staged Suspension Of Shine Iron Ore Mine
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Last
39.0¢ |
Change
0.005(1.30%) |
Mkt cap ! $460.3M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 39.0¢ | 38.0¢ | $541.0K | 1.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33459 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 389853 | 12 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |