Best Performing Stocks Gindalbie Metals (GBG)


Gindalbie Metals ASX GBGGindalbie Metals (GBG) is junior iron-ore miner, based in WA.

On 16 March, GBG announced a $125 million cost blowout at its Karara iron-ore project.

GBG now expects construction costs to total around $2.63 billion due to soaring labour, fuel and materials costs.

The company brought forward the ramp-up of the project to avoid what it expects to be a more damaging inflationary environment.

The expected cost savings saw GBG rocket 9.5% on the day, making it one of the best performing stocks in the share market.

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