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<WIRE> Mount Gibson Iron (ASX:MGX) Announces No Dividend for 2022/23



Mount Gibson Iron (ASX:MGX) announced that no dividend has been declared for the fiscal year 2022/23.

The operations at Koolan Island are to be improved in the upcoming fiscal year of 2023/24.

For the 2023/24 financial period, sales of high grade iron ore from Koolan Island are being targeted by Mount Gibson Iron (ASX:MGX) to between 3.8 and 4.2 MWMT.

In the same period, Mount Gibson Iron (ASX:MGX) is aiming for an average site cash operating cost exclusive of royalties of A$65-A$70 per WMT sold FOB.

Mount Gibson Iron is a producer of high-grade iron ore products.

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