Junior iron-ore miner Mount Gibson has been firmly focused on cost performance, with the ASX-listed company reporting that all-in group cash costs for the three months to December had dropped from the A$52/t reported in the September quarter to A$47/t.
“In the face of extremely tough market conditions in the December quarter, during which prices fell to their lowest level in a decade, it was a significant achievement to add to our cash reserves through continued strong operational performances at Koolan Island and Extension Hill,” said Mount Gibson CEO Jim Beyer.
