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Mount Gibson Iron Limited (MTGRF)
:MTGRF
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.12Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2019
|% Change Since: -4.76%
|Next Earnings Date:Aug 15, 2018
Earnings Call Sentiment|Neutral
Mount Gibson Iron had a strong financial performance for the full year with increased sales and a robust safety record. However, the June quarter was impacted by adverse pricing adjustments and volatile iron ore prices, leading to higher cash operating costs and reduced cash flow. The company is strategically investing in junior resources while preparing for temporary shipping reductions. Despite challenges, the company remains in a strong position for future cash flow generation.Company Guidance
In the earnings call for Mount Gibson Iron's Q4 2024, CEO Peter Kerr highlighted the company's strong production and financial performance for the fiscal year, despite some challenges in the June quarter. Iron ore sales from Koolan Island increased by over 20% from the previous quarter, reaching 0.9 million wet metric tonnes with a 65.2% Fe grade, contributing to a full-year total of 4.1 million tonnes. However, cash flow for the June quarter was impacted by adverse provisional pricing adjustments, reducing net cash flow to $1 million from an operating cash flow of $30 million before adjustments. Full-year sales revenue was $670 million FOB, with an operating cash flow of $290 million. Kerr also noted that the company's cash and investment reserves grew significantly, reaching $436 million by the end of the June quarter. Additionally, safety performance improved, with a lost time injury frequency rate of 0 incidents per 1 million man-hours and a total recordable injury frequency rate decreasing to 4.4 incidents. Looking ahead, the company aims to ship 2.7 to 3 million tonnes in fiscal 2025, with a strategic focus on maximizing cash flow from Koolan Island and exploring new investment opportunities.Increased Iron Ore Sales
Iron ore sales from Koolan Island increased by over 20% on the prior quarter to 0.9 million wet metric tonnes, with full year sales reaching 4.1 million tonnes.
Strong Financial Year Performance
Mount Gibson's financial performance was strong with group cash flow of $290 million before tax and working capital movements, and cash and investment reserves increased by $274 million over the financial year.
Safety Improvement
The 12-month lost time injury frequency rate remained at 0 incidents per 1 million man-hours worked, and the total recordable injury frequency rate reduced from 5.4 to 4.4 incidents per 1 million man-hours.
Strategic Investments
Increased investments in several junior resources companies with market value rising from $5 million in the March quarter to approximately $19 million at quarter end.
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MTGRF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTGRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 20, 2024 | $0.21 | $0.23 | +9.52% |
| Feb 20, 2024 | $0.33 | $0.32 | -3.03% |
| Aug 22, 2023 | $0.27 | $0.26 | -3.70% |
| Feb 21, 2023 | $0.39 | $0.39 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mount Gibson Iron Limited (MTGRF) report earnings?
Mount Gibson Iron Limited (MTGRF) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Mount Gibson Iron Limited (MTGRF) earnings time?
Mount Gibson Iron Limited (MTGRF) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTGRF EPS forecast?
Currently, no data Available
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