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 2017-18.
Accordingly, in the second quarter of the financial year 2017-18, Mount Gibson’s iron ore sales remained stable quarter on quarter at 841,000 wet metric tons (wmt), while the company’s iron ore sales revenues totaled A$48 million, up 11.6 percent from the previous quarter.
In the first half of the given financial year, the company’s iron ore sales amounted to 1.68 million wmt, decreasing by 5.7 percent, and the revenues from these sales declined by 12 percent to A$90 million, both compared to the same period of the financial year 2016-17.
Mount Gibson’s sales guidance for the full financial year remains unchanged at 3.5 million wmt to 3.8 million wmt.