CAPITAL MARKETS

Koolan payout lifts Mt Gibson treasury

CASHED-UP iron ore miner Mount Gibson Iron continues to add cash to its treasury, with its cash and investments now valued at more than A$500 million, as it continues to produce push ahead with its Mid West business and focus on the restart of the flooded Koolan Island operation.

Haydn Black
Koolan payout lifts Mt Gibson treasury

Mt Gibson shares were steady in early trade at 38c, valuing the company $411 million, almost $100 million less than cash and investments of $507 million. The miner delivered an improved performance in...

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