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 2017-18.
Accordingly, in the third quarter of the financial year 2017-18, Mount Gibson’s iron ore sales increased by 16 percent quarter on quarter to 977,000 wmt, while the company’s iron ore sales revenues totaled A$60 million, up 25 percent from the previous quarter.
In the first nine months of the given financial year, the company’s iron ore sales amounted to 2.7 million wmt, rising by 3.6 percent, and the revenues from these sales remained stable at A$148 million, both compared to the same period of the financial year 2016-17.
Mount Gibson’s sales guidance for the full financial year 2017-18 remains at 3.5-3.8 million wmt.