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Turning point for Mount Gibson

MOUNT Gibson Iron outlined lower iron ore sales and higher all-in group cash costs for the June quarter but said the period marked an important point in the company’s evolution as it restarts its high-grade Koolan Island mine and begins sales from its new Iron Hill mine in the Mid West.

Ngaire McDiarmid
Turning point for Mount Gibson

The company announced iron ore sales of 600,000 wet metric tonnes (wmt) with all-in group cash costs for the quarter of $63/wmt free on board, compared with the March quarter’s sales of 800,000wmt and...

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