CAPITAL MARKETS

Tough year for Mount Gibson

MOUNT Gibson Iron’s cash reserves took a hit over the 2015 financial year as the company battled difficult market conditions and a seawall collapse at the Koolan Island open pit.

Jack McGinn
Tough year for Mount Gibson

The company opened the financial year with a cash balance of $A520 million and ended it with $334 million, despite exceeding sales guidance over the period and the implementation of various cost reduction...

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