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How does MGX ASX make money?

Asked by Anonymous Sep 02, 2026 0 views 1 answers
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Answered Sep 02, 2026

Mount Gibson Iron generates revenue primarily through the extraction, crushing, logistics management, and seaborne export of iron ore from its mining operations in Western Australia. The company sells its mined hematite products to international steel manufacturing customers, while also earning passive interest income and capital returns from its substantial cash reserves, financial assets, and strategic joint-venture investments in alternative commodities like gold.

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