Mount Gibson declares robust result

MOUNT Gibson Iron delivered a “robust” result for the December half, with a significantly increased profit, despite its high development costs at Koolan Island, thanks to record iron ore prices.

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Mt Gibson expects to produce more ore later this year

The company's net profit after tax, from its high-grade flagship Koolan Island and low-grade Mid West stockpiles, was A$74.5 million, up from $44.6 million for the December 2019 half.