17
Feb
00:00
Non-cash impairment costs decimate Mount Gibson first half results
Australian iron ore mining junior Mount Gibson has seen its first half financial year 2015 results decimated by non-cash impairment costs. The company saw revenues tumble year-on-year and an H1 14 profit turn into a near AUD 900 million ($702m) loss in H1 15.
Mount Gibson achieved an average realised price for standard DSO fines of $64/dry metric tonne fob in H1 15, net of adjustments for iron grade and impurities, compared with $102/dmt in H1 14. Its total …
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