Mgx Resources Limited
MGX.ASXMaterials
.
Market Data
$0.355
+0.0%$419.1M
-100000.0x
$-0.027
0.00%
-0.1%
Latest Earnings
December 2025 Half-Year Financial Results
19 February 2026
MGX Resources reported a net loss of $20.8M for 1HFY26, significantly improved from the $71.7M loss in the prior period, despite a major rockfall at Koolan Island in October 2025 that suspended mining operations. The company maintains a strong balance sheet with $496.2M in cash and investments and has diversified into gold with a $50M acquisition of 50% interest in the Central Tanami Gold Project. Key points: Strong balance sheet with $496.2M in total cash and investments and no bank debt; Profit before tax and impairments increased 113% to $39.9M despite operational challenges; Transformational $50M acquisition of 50% interest in Central Tanami Gold Project with 2.8M oz gold resource
Recent Announcements
Ceasing to be a substantial holder for MMA
MMA ceased to be a substantial holder.
December 2025 Half-Year Financial Results
MGX Resources reported a net loss of $20.8M for 1HFY26, significantly improved from the $71.7M loss in the prior period, despite a major rockfall at Koolan Island in October 2025 that suspended mining operations. The company maintains a strong balance sheet with $496.2M in cash and investments and has diversified into gold with a $50M acquisition of 50% interest in the Central Tanami Gold Project. Key points: Strong balance sheet with $496.2M in total cash and investments and no bank debt; Profit before tax and impairments increased 113% to $39.9M despite operational challenges; Transformational $50M acquisition of 50% interest in Central Tanami Gold Project with 2.8M oz gold resource
December 2025 Appendix 4D and Half-Year Financial Statements
MGX Resources recorded significantly improved losses despite operational challenges, with net loss after tax narrowing to $20.8M (vs $71.7M prior year) primarily due to a large positive mark-to-market gain on financial assets. A major rockfall at the Koolan Island mine in October suspended mining operations, forcing the company to pivot to selling lower-grade stockpiled material and accelerate rehabilitation. Key points: Net loss significantly improved to $20.8M from $71.7M in prior year; Strong financial position with $456M in cash and investments plus no debt; Completed acquisition of 50% interest in Central Tanami Gold Project for $50M in February 2026
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