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The latest update is out from Mount Gibson Iron Limited ( (AU:MGX) ).
Mount Gibson Iron Limited has announced an increase in its on-market share buy-back program from 5% to up to 10% of its issued shares. This expansion of the buy-back program, which will continue until September 2025 unless completed or terminated earlier, is subject to market conditions and will occur at the company’s discretion. The initiative reflects Mount Gibson’s strategic move to enhance shareholder value, although there is no certainty that the full 10% buy-back will be achieved.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited operates in the mining industry, focusing on the extraction and supply of iron ore. The company is based in Western Australia, and its primary products are iron ore, catering to domestic and international markets.
YTD Price Performance: 4.28%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $236.3M
Learn more about MGX stock on TipRanks’ Stock Analysis page.