Fitzroy River Corp. Ltd. (AU:FZR) has released an update.
Fitzroy River Corp. Ltd. reported mixed financial results for the quarter ended June 30, 2024, with a notable decline in royalty income from both Weeks Royalty and Buru Royalty compared to previous periods. The company announced significant developments, including the completion of the Snowy River Gold Mine purchase, securing AUD$75 million for the Federation, and a A$30.2 million convertible debenture funding for the Bowdens Silver Project. Despite the cessation of operations at Buru and the de-listing of Byron Energy from the ASX, Fitzroy’s risk profile remains stable with potential future impacts from global events and commodity price fluctuations.
For further insights into AU:FZR stock, check out TipRanks’ Stock Analysis page.
