Mount Gibson reaffirms guidance

Miner lifts total iron ore sales in Sept quarter, says it is on track for FY target.

Mount Gibson (MGX) says it is on track to meet its fiscal 2014 iron ore sales guidance after lifting ore sales in the September quarter.

In the three months to September 30, the miner said its total ore sales were 2.6 million wet metric tonnes, up from 1.8 million wet metric tonnes in the previous corresponding period.

The group reaffirmed full-year iron ore sales guidance of nine million to 9.5 million tonnes.

Chief executive officer Jim Beyer said it was the group's second-best quarterly sales result.