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Mount Gibson Iron Limited
(OTC:MGX)
Mount Gibson Iron Limited (MGX) vs. iShares MSCI Australia ETF (EWA)
Mount Gibson Iron Limited Business Overview & Revenue Model
Mount Gibson Iron Limited Earnings Call Summary
Mount Gibson Iron Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 330.52M | 330.52M | 667.82M | 452.69M | 186.11M | 300.46M |
| Gross Profit | 227.00K | 227.00K | 210.62M | 111.85M | -30.52M | 84.69M |
| EBITDA | -57.37M | 4.50M | 90.77M | 144.94M | -171.88M | 135.57M |
| Net Income | -82.19M | -82.19M | 6.43M | 5.18M | -174.12M | 64.01M |
Balance Sheet | ||||||
| Total Assets | 582.67M | 582.67M | 664.30M | 724.94M | 760.14M | 984.11M |
| Cash, Cash Equivalents and Short-Term Investments | 461.82M | 461.82M | 463.03M | 162.41M | 125.57M | 351.58M |
| Total Debt | 5.29M | 5.29M | 11.85M | 23.05M | 11.88M | 18.10M |
| Total Liabilities | 129.49M | 129.49M | 118.13M | 185.71M | 227.04M | 264.40M |
| Stockholders Equity | 453.18M | 453.18M | 546.17M | 539.23M | 533.10M | 719.71M |
Cash Flow | ||||||
| Free Cash Flow | 34.19M | 34.19M | 267.32M | 56.59M | -196.08M | -43.10M |
| Operating Cash Flow | 98.45M | 98.45M | 328.21M | 130.62M | 21.86M | 171.99M |
| Investing Cash Flow | -70.20M | -59.84M | -335.03M | -131.00M | -10.12M | -163.55M |
| Financing Cash Flow | -25.60M | -25.66M | -12.01M | -22.47M | -30.94M | -25.84M |
Mount Gibson Iron Limited Technical Analysis
Mount Gibson Iron Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$513.49M | -6.34 | -16.34% | ― | -48.05% | -1394.34% | |
47 Neutral | AU$37.21M | 4.42 | 19.09% | ― | ― | ― | |
45 Neutral | AU$19.97M | 3.93 | 3.77% | ― | ― | ― | |
34 Underperform | AU$31.98M | -5.56 | -92.18% | ― | ― | 66.67% | |
28 Underperform | AU$24.97M | -5.88 | -32.09% | ― | ― | -141.04% |
Mount Gibson Iron Limited Corporate Events
MGX Resources Limited has received approval from Australia’s Foreign Investment Review Board for its $50 million acquisition of a 50% interest in the Central Tanami Gold Project Joint Venture in the Northern Territory. This acquisition, from Northern Star Resources, positions MGX to establish itself as a significant player in the Australian gold industry. The finalization of the transaction is contingent upon securing an extension of infrastructure arrangements with the Central Land Council, with MGX optimistic about completing the deal ahead of the March 2026 deadline.
MGX Resources Limited has officially changed its name from Mount Gibson Iron Limited, effective December 4, 2025, to reflect its strategic shift towards diversifying its mineral portfolio. This change aligns with MGX’s acquisition of a 50% interest in the Central Tanami Gold Project, marking a significant step in its transition from iron ore to precious and base metals, while maintaining investor recognition through its consistent ASX ticker code.
Mount Gibson Iron Limited has announced the final notification of its share buy-back program, which was initially announced on September 10, 2025. The buy-back is scheduled to commence on October 1, 2025, and conclude on September 30, 2026. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Mount Gibson Iron Limited announced the completion of its share buy-back program, which was initially disclosed in August 2024. The program, which ran from September 2024 to September 2025, resulted in the buy-back of 38,803,598 ordinary fully paid shares for a total consideration of AUD 12,263,140.71. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Mount Gibson Iron Limited has announced a new on-market buy-back of its ordinary fully paid securities, as indicated by their ASX security code MGX. This strategic move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares outstanding.
Mount Gibson Iron Limited has announced a further extension of its on-market share buy-back program, which allows for the repurchase of up to 10% of the company’s issued shares. This extension will run from 1 December 2025 to 30 November 2026. The company has not yet acquired additional shares during the current extension, and the decision to buy back shares will depend on various factors, including market conditions. The buy-back is discretionary, and there is no guarantee that the full 10% of shares will be repurchased.
Mount Gibson Iron Limited held its 2025 Annual General Meeting, where all proposed resolutions were carried. Key resolutions included the election of Brett Smith as a director and the approval of potential termination benefits for key executives under the company’s Loan Share Plan. Additionally, a special resolution to change the company’s name was overwhelmingly approved. These outcomes reflect strong shareholder support for the company’s governance and strategic direction.
Mount Gibson Iron Limited presented at their Annual General Meeting, highlighting the company’s current projects and future plans. The presentation included an aerial view of the Central Tanami Gold Project, emphasizing the company’s ongoing efforts to expand its mining operations. The document also contained disclaimers about the speculative nature of investments in MGX shares and the uncertainties affecting the company’s performance.
Mount Gibson Iron Limited has announced an updated Mineral Resource Estimate for the Central Tanami Gold Project Joint Venture, where it has agreed to acquire a 50% interest from Northern Star Resources Limited for $50 million. The updated estimate shows an increase to 31 million tonnes grading 2.8 grams per tonne gold, totaling 2.8 million ounces of contained gold, which could significantly enhance Mount Gibson’s position in the gold mining sector.
Mount Gibson Iron Limited announced a change in the director’s interest, with Paul Dougas acquiring an additional 30,002 ordinary shares indirectly through Norase Pty Ltd ATF Dougas Family Super. This transaction, conducted on-market at $0.34 per share, increases Mr. Dougas’s indirect holdings to 606,604 shares, reflecting a strategic move to strengthen his investment in the company.
Mount Gibson Iron Limited announced a change in the director’s interest, with Director Brett Smith acquiring 170,000 ordinary shares at $0.35 per share through an on-market trade. This acquisition reflects a significant personal investment by the director, potentially signaling confidence in the company’s future performance and stability.
Mount Gibson Iron Limited announced that the suspension of trading in its securities has been lifted following a recent announcement about a rockfall at its Koolan Island operation. This development is crucial as it allows the company to resume trading, potentially stabilizing its market position and reassuring stakeholders after the incident.
Mount Gibson Iron Limited has decided to cease mining operations at Koolan Island following a significant rockfall, citing safety concerns and the limited remaining mine life. The company will continue processing operations using existing ore stockpiles and accelerate rehabilitation activities, resulting in approximately 250 redundancies and a $30-40 million transition cost. Despite this setback, Mount Gibson’s acquisition of a 50% interest in the Central Tanami Gold Project remains unaffected, and some Koolan Island personnel and equipment will be redirected to support this new venture.
Mount Gibson Iron Limited has requested a voluntary suspension of its securities from the ASX due to a rockfall incident at its Koolan Island operation. The company is currently assessing the situation with external geotechnical experts and continues to process stockpiled iron ore while preparing to provide a detailed update on the impact of the incident.
Mount Gibson Iron Limited has requested a trading halt on its securities following an overnight rockfall at its Koolan Island operation. The incident, which caused no injuries, has led to the suspension of mining activities in the affected area pending further evaluation, although the Koolan Island seawall remains unaffected.
Mount Gibson Iron Limited announced a significant acquisition agreement to acquire 50% of the Central Tanami Gold Project, marking a strategic diversification into gold mining. The company reported steady performance at its Koolan Island iron ore operation, with plans to reduce operating costs and increase production in the final year of the mine’s life. The company also plans to change its name to MGX Resources Limited to reflect its transition into a multi-commodity producer, and it extended its share buyback program.
Mount Gibson Iron Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, ensuring transparency and accountability in its management practices. This disclosure is crucial for stakeholders as it provides insights into the company’s governance framework and its commitment to maintaining high standards of corporate governance.
Mount Gibson Iron Limited has reaffirmed its commitment to strong corporate governance by aligning its practices with the ASX Corporate Governance Principles and Recommendations. The company’s Board is responsible for guiding and monitoring performance, with specific powers reserved for strategic decision-making, risk management, and executive oversight. This governance framework is designed to enhance shareholder value and ensure ethical and transparent operations, which is crucial for maintaining investor confidence and industry positioning.
Mount Gibson Iron Limited announced its acquisition of a 50% interest in the Central Tanami Gold Project, marking its entry into the Australian gold market. This strategic move is part of the company’s broader diversification efforts, which aim to enhance shareholder value by expanding into new mineral sectors and optimizing existing operations.
Mount Gibson Iron Limited has announced its 2025 Annual General Meeting (AGM), which will be held as a hybrid event, allowing both physical and virtual attendance. This format aims to enhance shareholder participation by providing options to attend in person or via an online platform, where they can listen to proceedings, view presentations, and vote in real-time.
Mount Gibson Iron Limited has announced its intention to change its name to MGX Resources Limited, reflecting its strategic shift from iron ore production to a more diversified mineral production, including precious and base metals. This transition is highlighted by its recent agreement to acquire a 50% interest in the Central Tanami Gold Project, aligning with its goal to diversify and maintain investor recognition by retaining its ASX ticker code.
Mount Gibson Iron Limited has reported a significant reduction in its Mineral Resources and Ore Reserves at Koolan Island as of June 30, 2025. The total Mineral Resources have decreased to 9.7 million dry metric tonnes from 19.1 million the previous year, and Ore Reserves have fallen to 4.1 million tonnes from 7.2 million. This reduction is attributed to mining depletion, stockpile drawdowns, and the declassification of resources at the Acacia East satellite deposit, which are now considered economically unviable due to factors like iron ore pricing and geotechnical challenges. These changes reflect the company’s ongoing adjustments to its operations as it approaches the end of the mine’s life, impacting its production capacity and market positioning.
Mount Gibson Iron Limited has announced an on-market buy-back of its ordinary fully paid shares, as detailed in their latest release. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a strategic decision that could influence its market positioning and stakeholder interests.
Mount Gibson Iron Limited has announced an extension of its on-market share buy-back program for another year, allowing the company to repurchase up to 10% of its issued shares until September 2026. Since the program’s inception in September 2024, the company has bought back 38.8 million shares, representing 3.2% of its issued share capital. The decision to extend the buy-back reflects the company’s strategic approach to managing its capital structure and enhancing shareholder value, though the extent and timing of future buy-backs will depend on market conditions.
Mount Gibson Iron Limited has announced the cessation of Ding Rucai as a director, effective from September 5, 2025. This update is part of the company’s compliance with ASX listing rules, ensuring transparency in its governance and potentially impacting its strategic direction and stakeholder relations.
Mount Gibson Iron Limited announced the retirement of Mr. Ding Rucai from his role as a Non-Executive Director, effective September 5, 2025. Mr. Ding, who represented the company’s second-largest shareholder, Shougang Fushan Resources Group Limited, has been acknowledged for his valuable contributions. Shougang Fushan is expected to nominate a successor, although this decision may take several months, indicating a period of transition for the company’s board.