Gindalbie Stocks Up 10% After 1st Shipment of Magnetite Iron from Karara Mine

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Shares of Gandalbie Metals ( GBG ) jumped 10 per cent on Wednesday after the company made its first shipment of magnetite iron concentrate to China. The commodity was sources from its Karara project.

Gindalbie share rose by 2.5 cents to 27.5 cents at 11:50 a.m., making Gindalbie one of the companies to watch out for in 2013.

The Panamax ship, Sunrise Star, left Geraldton port with the first shipment of 55,000 tonnes of magnetite concentrate after months of stockpiling the resource.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: GBG

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