Mount Gibson Iron Extends Share Buyback Program

MT Newswires Live

2025/09/10

Mount Gibson Iron (ASX:MGX) extended its share buyback program by 12 months, now running from Oct. 1 to Sept. 30, 2026, allowing the company to repurchase up to 10% of its issued shares, according to a Wednesday filing with the Australian bourse.

The company has repurchased and cancelled 38.8 million shares since the program began in September 2024, representing about 3.2% of its issued capital, at an average price of AU$0.313 per share, the filing said.

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