Australia-based iron ore miner Mount Gibson Iron Limited (Mount Gibson) has announced its operational results for the third quarter and the first nine months ended March 31 of the financial year 2016-17.
Accordingly, in the third quarter of the financial year 2016-17, Mount Gibson’s iron ore sales decreased by 12.7 percent quarter on quarter to 782,000 wmt, while the company’s iron ore sales revenues totaled A$44 million, down 21.4 percent from the previous quarter.
In the first nine months of the given financial year, the company’s iron ore sales amounted to 2.56 million wmt, rising by 44 percent, and the revenues from these sales increased by 45 percent to A$148 million, both compared to the same period of the financial year 2015-16.
Mount Gibson’s sales guidance for the full financial year 2016-17 has increased to 3.2-3.5 million wmt, compared to the previous sales guidance of 2.8-3.1 million wmt.