UPDATE 2.35pm: Atlas Iron has talked up its rapidly expanding production profile in a bid to boost its ailing share price.
Atlas said it had shipped 960,000 tonnes of iron ore in August and two million tonnes in the financial year to date.
It said it was on track to achieve full-year production guidance of 9.8-10.3 million tonnes.
Atlas said it had made substantial progress across its suite of development projects, including first production at Abydos, the start of construction at the Mt Webber mine and the wet commissioning of the additional port stockyard and ship-loading capacity at Yard 2 in Utah Point.
Managing director Ken Brinsden said Atlas had commenced five mines in five years and had a track record of delivering production growth in the Pilbara.
"In the process, we are delivering strong operating cash flows," he said.
"Atlas has both a successful operating business today and significant growth options for tomorrow.
"Our existing and future port allocations, combined with a substantial Pilbara resource and reserve base ensures Atlas offers outstanding leverage to strength in the iron ore price."Atlas shares closed down 2.5 cents, or 2.8 per cent, at 86.5 cents.