Atlas Iron managing director David Flanagan.

Atlas boosts shipments, cuts costs

Atlas Iron has reported record shipments and lower costs ahead of creditor and shareholder meetings that will vote on a crucial debt-for-equity swap.


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Companies with too much debt just cannot survive in a volatile environment. A smart move now for Atlas to restructure the finance, but should be an example for future companies. Cash is King!

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Atlas Iron (AGO)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/18

1 year TSR5 year TSR
154thMineral Resources76%16%
268thRegis Resources32%2%
609thResolute Mining-29%-3%
661stAtlas Iron-38%-56%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Issued
$0 Other
Total value as at the date of the transaction
Source: Morningstar


4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
8th↓Resolute Mining$560.8m
9th↓Regis Resources$547.2m
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Atlas Iron

60thMark Hancock$1.008m
67thJeremy Sinclair$1.007m
295thCheryl Edwardes$181k
Ranked by total remuneration from all listed WA companies

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