Mount Gibson Iron Limited Updates Share Buy-Back Progress

Mount Gibson Iron Limited ( (AU:MGX) ) has provided an update.

Mount Gibson Iron Limited has announced an update regarding its ongoing share buy-back program. As of the latest update, the company has repurchased a total of 21,210,685 ordinary fully paid securities, with 612,914 shares bought back on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure.

More about Mount Gibson Iron Limited

Mount Gibson Iron Limited operates in the mining industry, focusing on the extraction and sale of iron ore. The company is known for its production and supply of high-quality iron ore products, catering primarily to the steel manufacturing sector.

YTD Price Performance: -1.58%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $224.5M

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