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.

Tough year for Mount Gibson Tough year for Mount Gibson Tough year for Mount Gibson Tough year for Mount Gibson 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

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