Mount Gibson reaffirms FY guidance

Mount Gibson Iron (MGX) says it remains on track to meet the upper end of its full-year iron ore sales guidance of 9.5 million wet metric tonnes after posting steady third-quarter sales results despite short-term weather related interruptions.

The miner reported March quarter sales of 2.02 million wet metric tonnes (wmt) of iron ore, in line with the 2.0 million wmt reported in the March 2013 quarter.

Sales for the nine month period were a record 7.1 million wmt of iron ore, up from 6.4 million wmt in the previous corresponding period.