The Best Shares to Buy

Australian Mining Shares News Mount Gibson (MGX)

Mount Gibson (ASX:MGX) is Australia’s fourth-largest iron ore miner, based in Western Australia. On 27 July, MGX announced an unaudited FY11 net profit of $239.5 million, which was up 80% on-year. However, iron ore production fell 26% in the same period, with lower costs the primary driver of the profit result. MGX shares slumped 4.3%

Australian Stock Report Ltd ACN 106 863 978 AFS License 301682 (ASR) is licensed as an Australian Financial Services License pursuant to section 9138 of the Corporations Act 2001 (Cth). Before acquiring or using any of Australian Stock Report's products, you should obtain & consider our Financial Services Guide.