Otmane El Rhazi : Mount Gibson reaffirms sales target, focuses on protecting cash flow

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Iron-ore junior Mount Gibson said on Friday that it would achieve its full-year sales target of between 4.8-million tonnes and 5.2-million tonnes, and reported that cash flows would be protected by further cost-cutting initiatives. “Mount Gibson continued to focus on capital preservation and cost reduction initiatives during the March quarter, as iron-ore prices declined further to their lowest point since the global financial crisis,” said CEO Jim Beyer.