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Hillgrove Resources Limited ( (AU:HGO) ) has issued an update.
Hillgrove Resources Limited reported strong operational results for the December 2024 quarter, showcasing improvements in development meters, ore mining, and copper production. The company achieved several quarterly records, including a 16% increase in development meters and a 24% rise in processed ore. Despite lower feed grades impacting production and costs, Hillgrove managed to decrease its all-in costs. The exceptional drilling results at Nugent offer potential for extending the life of the mine, bolstering Hillgrove’s market positioning. These achievements set a robust foundation for the company’s operations in 2025, aligning with its strategic mine plan to access higher-grade stopes in upcoming quarters.
More about Hillgrove Resources Limited
Hillgrove Resources Limited operates in the mining industry, focusing on copper production. The company is primarily engaged in the Kanmantoo Copper Mine located in the Adelaide Hills region of South Australia, which offers strategic advantages in operating and capital costs. Hillgrove Resources emphasizes safety and environmental management in its operations.
YTD Price Performance: 7.69%
Average Trading Volume: 2,290,399
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$117.4M
For detailed information about HGO stock, go to TipRanks’ Stock Analysis page.
