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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% | |
47 Neutral | AU$33.98M | 4.04 | 19.09% | ― | ― | ― | |
46 Neutral | AU$436.76M | ― | -16.34% | ― | -48.05% | -1394.34% | |
45 Neutral | AU$39.95M | 7.87 | 3.77% | ― | ― | ― | |
34 Underperform | AU$30.24M | -5.56 | -92.18% | ― | ― | 66.67% | |
28 Underperform | AU$30.23M | -7.12 | -32.09% | ― | ― | -141.04% |
Mount Gibson Iron Limited Corporate Events
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
Mount Gibson Iron Limited has announced that it has ceased to be a substantial holder in AIC Mines Limited as of August 27, 2025. This change is due to a dilution resulting from a placement, affecting 38,910,256 ordinary shares and votes. The announcement indicates a shift in Mount Gibson Iron Limited’s investment strategy or portfolio adjustments, which could have implications for its market positioning and stakeholder interests.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
Mount Gibson Iron Limited is an Australian company engaged in the mining, processing, and shipment of hematite iron ore, primarily operating from its Koolan Island mine in Western Australia.
Mount Gibson Iron Limited reported a significant financial downturn for the year ending June 30, 2025, with a 49% decrease in revenue to $350.4 million and a net loss after tax of $82.2 million, marking a 1378% decrease compared to the previous year. The company did not declare a dividend for the period, reflecting the challenging market conditions and operational impacts, which may affect its stakeholders and market positioning.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.