Red Hill Iron Limited (AU:RHI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Red Hill Minerals Limited has reported a robust financial performance for the September 2024 quarter, highlighted by the receipt of a final $200 million payment from the Onslow Iron Project and a strong royalty revenue stream totaling $1.08 million. The company also declared a special dividend of $1.50 per share and maintained a healthy cash balance of $84.6 million. With ongoing exploration activities, including RC drilling at the Barkley Gold target, Red Hill continues to position itself for future growth.
For further insights into AU:RHI stock, check out TipRanks’ Stock Analysis page.