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Mount Gibson return to profit sliced thin by impairments

MOUNT Gibson Iron has returned to profitability after a year of pain, but delivered only a skinny net profit after tax, after its gross profit was devoured by impairments and derecognition expenses.

Haydn Black
Koolan Island facilities.

Koolan Island facilities.

The high-grade miner, which is finally seeing a ramp-up at its Koolan island mine off Western Australia after a big investment in pre-stripping, is girding its loins for expectations of a lower price environment...

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