Mount Gibson Iron Limited Updates on Share Buy-Back Program

Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an announcement.

Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back program. As of March 6, 2025, the company has repurchased a total of 21,640,685 ordinary fully paid securities, with 430,000 bought back on the previous day. This buy-back initiative is part of Mount Gibson’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 (ASX) under the code MGX and is involved in the production and export of high-quality iron ore products.

YTD Price Performance: -1.05%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $225.4M

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