MGX Resources Limited (ASX:MGX)
Australia · Delayed Price · Currency is AUD | Market Cap | 377.74M -26.4% |
| Revenue (ttm) | 204.05M -38.3% |
| Net Income | -30.17M |
| EPS | -0.03 |
| Shares Out | 1.18B |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 408,164 |
| Open | 0.3150 |
| Previous Close | 0.3200 |
| Day's Range | 0.3150 - 0.3250 |
| 52-Week Range | 0.3150 - 0.4950 |
| Beta | 0.86 |
| Analysts | n/a |
| Price Target | n/a |
| Est. Earnings | Oct 23, 2026 |
About MGX Resources
MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in treasury management, mineral resources acquisition, and investment activities. The company was formerly known as Mount Gibson Iron Limited and changed its name to MGX Resources Limited in November 2025. The company was incorporated in 1996 and is bas... [Read more]
Financial Performance
In fiscal year 2026, MGX Resources's revenue was 204.05 million, a decrease of -38.27% compared to the previous year's 330.53 million. Losses were -30.17 million, -63.29% less than in 2025.
Financial StatementsNews
MGX Resources Slides: Investor presentation
MGX Resources has posted slides in relation to its latest quarterly earnings report, which was published on September 3, 2026.
MGX Resources Earnings Call Transcript: H2 2026
Despite a major rockfall at Koolan Island, strong low-grade ore sales and key transactions preserved a robust balance sheet. The company shifted focus to gold, acquiring a 50% stake in the Central Tanami Project and agreeing to divest Koolan Island for AUD 50 million.
MGX Resources Annual report: H2 2026
MGX Resources has published its H2 2026 annual report on August 20, 2026.
MGX Resources Earnings release: H2 2026
MGX Resources released its H2 2026 earnings on August 20, 2026, summarizing the period's financial results.
MGX Resources Transcript: Noosa Mining Conference 2026
A strategic shift from iron ore to gold is underway, with a 50% stake in the Central Tanami Project and substantial cash reserves supporting development. Key deposits Groundrush and Jims are prioritized, with aggressive exploration and infrastructure upgrades planned over the next two years.
MGX Resources Earnings Call Transcript: Q4 2026
Divestment of Koolan Island mine and transition to gold focus marked a pivotal quarter, with strong cash reserves and no debt. Koolan Island sales funded rehabilitation, while Central Tanami Project JV advanced drilling and permitting.
MGX Resources Earnings release: Q4 2026
MGX Resources released its Q4 2026 earnings on July 19, 2026, summarizing the period's financial results.
MGX Resources Slides: Corporate presentation
MGX Resources has posted slides in relation to its latest quarterly earnings report, which was published on July 19, 2026.
MGX Resources Earnings Call Transcript: Q3 2026
Completed a transformative gold project acquisition and advanced Koolan Island rehabilitation, with strong cash reserves and a strategic shift toward gold production. Weather disruptions impacted iron ore sales, but positive cash flow is targeted for the next quarter.
MGX Resources Earnings release: Q3 2026
MGX Resources released its Q3 2026 earnings on April 23, 2026, summarizing the period's financial results.
MGX Resources Slides: Investor presentation
MGX Resources has posted slides in relation to its latest quarterly earnings report, which was published on March 9, 2026.
MGX Resources Earnings Call Transcript: H1 2026
Steady underlying performance was achieved despite a major rockfall at Koolan Island, with profit before tax and impairments up 113% year-over-year. A $50 million gold project acquisition and strong investment portfolio growth position the company for future development.
MGX Resources Quarterly report: H1 2026
MGX Resources has published its H1 2026 quarterly earnings report on February 18, 2026.
MGX Resources Earnings release: H1 2026
MGX Resources released its H1 2026 earnings on February 18, 2026, summarizing the period's financial results.
MGX Resources Slides: Investor presentation
MGX Resources has posted slides in relation to its latest quarterly earnings report, which was published on February 16, 2026.
MGX Resources Earnings Call Transcript: Q2 2026
Mining at Koolan Island was suspended after a rockfall, shifting focus to stockpile sales and workforce reductions, but the quarter still delivered positive cash flow and increased investments. The Central Tanami Gold Project acquisition is progressing, supporting a strategic pivot to precious metals.
MGX Resources Earnings release: Q2 2026
MGX Resources released its Q2 2026 earnings on January 22, 2026, summarizing the period's financial results.
MGX Resources Transcript: AGM 2025
The AGM addressed a major safety incident at Koolyanobbing, a strong cash position, and a strategic pivot toward gold and diversified metals, including a name change. Shareholders discussed board size, capital returns, and governance, with all resolutions passed and future dividends under review.
MGX Resources Slides: FY 2025
MGX Resources has posted slides in relation to its FY 2025 quarterly earnings report, which was published on November 11, 2025.
MGX Resources Earnings Call Transcript: Q1 2026
Steady shipments and completion of bulk stripping at Koolan Island set the stage for increased production and lower costs in the coming year. Strong cash reserves, a resilient iron ore market, and the strategic acquisition of a gold project support a shift toward diversified minerals.
MGX Resources Earnings release: Q1 2026
MGX Resources released its Q1 2026 earnings on October 15, 2025, summarizing the period's financial results.