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Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an update.
Mount Gibson Iron Limited has announced an update regarding its ongoing share buy-back program. As of March 14, 2025, the company has repurchased a total of 25,749,486 ordinary fully paid securities, with an additional 778,911 securities bought back on the previous day. This buy-back initiative reflects 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 known for its operations in Western Australia, where it engages in the production and export of iron ore to global markets.
YTD Price Performance: 2.11%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $226.8M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.