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An update from Horizon Minerals Ltd ( (AU:HRZ) ) is now available.
Horizon Minerals Ltd announced the first gold pour from its Boorara Gold Project under an Ore Sale Agreement with Paddington Mill. The company began mining operations in late July 2024 and has faced some delays due to equipment issues but has successfully commenced gold production, positioning itself as Australia’s newest gold producer in 2025. The cash flow from Boorara is expected to support further developments and a proposed merger with Poseidon Nickel Limited.
More about Horizon Minerals Ltd
Horizon Minerals Ltd is an Australian mining company focused on gold production. It operates various projects with a Mineral Resource of 1.8 million ounces and aims to develop a sustainable gold production pipeline, including projects ready for a Final Investment Decision.
YTD Price Performance: 0%
Average Trading Volume: 20,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €39.71M
For detailed information about HRZ stock, go to TipRanks’ Stock Analysis page.
