Mount Gibson Iron (ASX:MGX) logged AU$99 million in iron ore sales revenue for the quarter ended Dec. 31, representing the sale of 709,000 wet metric tonnes wmt of iron ores at an average grade of about 65.2%, according to a Thursday filing with the Australian bourse.

In the same period a year earlier, the company sold 1.2 million wmt of iron ores at an average grade of 65.3%, the filing said.

The company said its operations are in line with its iron ore sales guidance of 2.7 million to 3 million wmt for the fiscal year ended June 30 and expects positive cash flow generation over the remainder of the fiscal year, the filing added.

Shares of the company rose nearly 2% in recent Thursday trade.