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The latest announcement is out from Mount Gibson Iron Limited ( (AU:MGX) ).
Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back program. As of March 25, 2025, the company has repurchased a total of 30,296,306 ordinary fully paid securities, with 495,105 bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited operates in the mining industry, focusing on the extraction and sale of iron ore. The company is primarily engaged in the production and supply of high-grade iron ore products to the global market, with a significant emphasis on the Asian markets.
YTD Price Performance: 5.26%
Technical Sentiment Signal: Buy
Current Market Cap: $236.6M
See more insights into MGX stock on TipRanks’ Stock Analysis page.