Strong gold prices and higher production levels have helped lift revenue at gold miners Saracen Mineral Holdings and Regis Resources, with Saracen's net profit up 22 per cent to $92.5 million.
Gold producers Regis Resources and Westgold both recorded small production increases for the 2019 financial year, but all-in sustaining costs are set to increase
Atlas Iron has appointed Spiro Pappas, Professor Ian Plimer, Tad Watroba and Stephen Wood as non-executive directors with Mr Pappas being elected as chair.
Former Mt Gibson Iron boss Jim Beyer will take the reins as managing director of Regis Resources next month, while director James Mactier will take over as chair, after executive chairman Mark Clark announced his resignation.
Mount Gibson Iron will have a leadership change at the end of the month, which chief financial officer Peter Kerr to succeed Jim Beyer as chief executive as the latter pursues other opportunities.
Iron ore miner Mount Gibson Iron will pay its first dividend to shareholders since 2014, after reporting a $26.3 million net profit for the 2017 financial year.
Mount Gibson Iron has torn up a second offtake agreement with a Chinese customer that had planned to buy product from its Iron Hill mine in the Mid West.
Mount Gibson Iron will spend nearly $100 million on the redevelopment of its Koolan Island iron ore mine, with the company's board giving the green light to bring the operation out of care and maintenance.
Perth-based miner Mount Gibson Iron has started development of its Iron Hill mine in the Mid West after receiving final approvals, and hopes to begin producing by as early as May.
An $86 million insurance settlement accounted for almost the entirety of Perth-based iron ore miner Mount Gibson Iron's profit result for the 2016 financial year, however it was a substantial improvement on last year's $911.4 million loss.
A rebound in iron ore prices has helped Mount Gibson Iron hit its full-year sales guidance, with the junior iron ore miner reporting ore sales volume of 5 million tonnes.
Shares in Mount Gibson Iron have soared on news the iron ore miner received an $86 million property damage insurance payment for the collapse of a seawall at its Koolan Island mine in 2014.
Iron ore miner Mount Gibson Iron has booked another half-year loss, but it's a substantial improvement on its performance in the previous year, despite recording a $23.6 million impairment.
West Perth-based iron ore miner Mount Gibson Iron has flagged an $850 million to $950 million impairment after the company put its Koolan Island mine on care and maintenance in December.
For the best ringside seat at a bruising encounter don't buy a ticket to a boxing event, sign up for an iron ore forecasting conference which will, for the first time since prices crashed, put the big boys of the industry on the same podium as the small producers.
Mining at Mount Gibson Iron's Koolan Island main pit in the Kimberley has been suspended, after a slump on Friday resulted in an area of instability in the seawall.
Mount Gibson Iron has added to the run of strong half-year results from iron ore miners, more than doubling its net profit on the back of record sales. The market, however, marked down its shares after the company confirmed it would not pay interim dividends.
Gindalbie Metals has agreed to sell its Shine hematite iron prospect to Mount Gibson Iron for $15 million as it focuses attention on bringing its Karara magnetite project to full production.
The rapid expansion of the WA mining industry over the past decade has mostly been good news for mining contractors, but the benefits have not always come as expected.
Paladin Energy has appointed former Mount Gibson Iron chief financial officer Alan Rule to replace Garry Korte, who has been poached by Gina Rinehart's Roy Hill Holdings, a subsidiary of Hancock Pr
