Australia-based iron ore miner Mount Gibson Iron Limited (Mount Gibson) has announced its operational results for the second quarter and the first six months ended December 31 of the financial year 2016-17.
Accordingly, in the second quarter of the financial year 2016-17, Mount Gibson’s iron ore sales increased by one percent quarter on quarter to 896,000 wmt, while the company’s iron ore sales revenues totaled A$56 million, up 24 percent from the previous quarter.
In the first half of the given financial year, the company’s iron ore sales amounted to 1.78 million wmt, decreasing by 31 percent, and the revenues from these sales declined by 21.5 percent to A$102 million, both compared to the same period of the financial year 2015-16.
Mount Gibson’s sales guidance for the 2016-17 financial year remains unchanged at 2.8 million wmt to 3.1 million wmt.