Mount Gibson Iron Limited
(ASX:MGX) has reported record half-year sales and says it’s on track to achieve full year sales guidance.
The miner says it has sold a record 5.1 million wet metric tonnes of iron ore in the six months to December 31.
Mt Gibson says it has record period-end cash reserves for the quarter of $484 million – an increase of $64 million in cash and term deposits.
Chief executive officer Jim Beyer says the group looks set to achieve its full-year sales target of between 9 and 9.5 million tonnes of iron ore notwithstanding some short-term, rain-related interruptions at Koolan Island.
Mt Gibson delivered a full year net profit of $157.3 million.
