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Freehill Mining Ltd. ( (AU:FHS) ) has provided an announcement.
Freehill Mining Limited reported record gross sales of $954,000 for the quarter ending December 2024, a 100% increase from the previous quarter, driven by heightened demand and new supply agreements for its Yerbas Buenas project. The company also saw a 56% rise in cash receipts, reflecting strong operational execution and a strategic focus on improving margins. With its established position in the Chilean market, Freehill is well-positioned for ongoing growth, supported by expanding infrastructure projects in the region. The company ended the quarter with over $380,000 in cash and receivables, preparing it for future operational cash flow increases.
More about Freehill Mining Ltd.
Freehill Mining Limited is an Australian mining company involved in the extraction and sale of premium materials. Its primary project, Yerbas Buenas, is located in Chile and focuses on supplying materials for construction and infrastructure projects, particularly within the Chilean market. The company aims to leverage its position as a trusted supplier to continue expanding its market share.
Current Market Cap: $5.76M
Find detailed analytics on FHS stock on TipRanks’ Stock Analysis page.
