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The multi component Fe74Hf4Ta1Cu1Gd1LaxSi15−xB4 (x = 0, 7) alloys are promising candidates in the search for materials with unusual mechanical and magnetic properties. Amorphous nature of melt-spun samples was confirmed by X-ray diffractometry and Mössbauer spectroscopy. The X-ray diffraction patterns revealed a distinct amorphous halo. The low-field components of magnetic hyperfine field distributions on iron nuclei are observed in the Mössbauer spectra, with average hyperfine field values of 19.9 and 15.7 T for x = 0 and x = 7, respectively. Coercivity studied by vibrating sample magnetometer was about 12 A/m for x = 0 and 82 A/m fo