Mount Gibson Iron Limited Updates on Market Buy-Back Program

Mount Gibson Iron Limited ( (AU:MGX) ) has provided an announcement.

Mount Gibson Iron Limited has announced an update on its ongoing on-market buy-back program. As of March 18, 2025, the company has repurchased a total of 27,600,404 ordinary fully paid securities, with an additional 815,642 securities 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 primarily on the extraction and sale of iron ore. The company is listed on the Australian Securities Exchange under the code MGX and is involved in the production and marketing of iron ore products.

YTD Price Performance: 7.37%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $240.2M

For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.