Iron Hill lifts Mount Gibson guidance

MOUNT Gibson Iron has increased its full-year iron ore sales guidance for the 2017 financial year to 3.2-3.5 million tonnes, after receiving final statutory approvals to start work on its Iron Hill mine.

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The company expects Iron Hill to start selling first ore in May, contributing 400,000-500,000 wet metric tonnes in sales to the company’s forecast total for the year.

Mount Gibson said only 2.