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The latest announcement is out from Develop Global Limited ( (AU:DVP) ).
Develop Global Limited announced significant progress on the upgrade of its Woodlawn Copper-Zinc Mine, with the plant upgrade 70% complete and underground ore production set to commence in the March quarter. The company anticipates substantial cash generation from the project, projecting A$425 million of pre-tax cashflow in the first three years post-ramp up, and is actively pursuing strategic partnership opportunities. Develop’s mining services division also reported a 21% increase in revenue, demonstrating strong operational performance and flexibility across its projects.
More about Develop Global Limited
Develop Global Limited operates in the mining industry, focusing on copper and zinc production through its Woodlawn Copper-Zinc Mine located in the Lachlan Fold belt in NSW. The company is involved in mining services and has a strong market focus on underground development and ore production, with an emphasis on safety and environmental standards.
YTD Price Performance: 7.43%
Average Trading Volume: 227
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $413.9M
Learn more about DVP stock on TipRanks’ Stock Analysis page.
