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Hillgrove Resources Limited
(Sydney:HGO)
Hillgrove Resources Limited (HGO) vs. S&P 500 (SPY)
Hillgrove Resources Limited Business Overview & Revenue Model
Hillgrove Resources Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 112.39M | 0.00 | 0.00 | 0.00 | 20.25M | Gross Profit |
| 35.60M | -5.98M | -165.00K | -2.00K | -1.36M | EBIT |
| 21.46M | -14.66M | -4.67M | -5.43M | -7.38M | EBITDA |
| 27.03M | -12.68M | -4.46M | -5.43M | -5.41M | Net Income Common Stockholders |
| -24.03M | -16.33M | -5.97M | -5.86M | -5.95M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.26M | 10.24M | 5.30M | 10.74M | 5.60M | Total Assets |
| 107.39M | 101.06M | 52.90M | 51.29M | 35.89M | Total Debt |
| 8.69M | 11.82M | 7.20M | 0.00 | 0.00 | Net Debt |
| 5.42M | 1.58M | 1.89M | -10.74M | -5.60M | Total Liabilities |
| 65.81M | 46.18M | 18.33M | 13.35M | 12.67M | Stockholders Equity |
| 41.57M | 54.88M | 32.57M | 37.94M | 23.22M |
| Cash Flow | Free Cash Flow | |||
| -11.22M | -31.29M | -13.58M | -14.29M | -6.03M | Operating Cash Flow |
| 21.00M | -8.78M | -5.71M | -4.89M | -3.00M | Investing Cash Flow |
| -32.02M | -22.46M | -5.57M | -9.39M | -2.78M | Financing Cash Flow |
| 4.04M | 36.17M | 5.84M | 19.42M | 2.04M |
Hillgrove Resources Limited Technical Analysis
Hillgrove Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$4.53B | 8.43 | 22.80% | 1.93% | 12.24% | 14.88% | |
74 Outperform | $3.47B | ― | -0.38% | ― | 29.83% | 93.23% | |
58 Neutral | AU$2.76B | 1,418.92 | -36.53% | 10.51% | -28.50% | -532.61% | |
56 Neutral | $4.58B | 34.59 | 5.11% | ― | 42.05% | ― | |
49 Neutral | $1.95B | -1.59 | -21.99% | 3.77% | 0.61% | -27.45% | |
46 Neutral | AU$93.86M | ― | -49.83% | ― | ― | -35.29% |
Hillgrove Resources Limited Corporate Events
Hillgrove Resources Limited has mobilized equipment and labor to accelerate the development of the Nugent decline at its Kanmantoo site, with the first ore expected to be processed by the December quarter of 2025. This move is part of Stage 1 of their strategy to increase production, leveraging recent high-grade drilling results to enhance their operational capacity and strengthen their position in the copper mining industry.
Hillgrove Resources Limited has announced the discovery of new mineralization at its Kanmantoo Copper Mine, following extensional drilling at the Valentines Pit. The drilling results indicate potential new ore sources, which could expand the underground mining footprint and supplement existing operations. To support this expansion, a third underground diamond drill rig has been deployed to continue resource expansion drilling, with plans to conduct 60,000 meters of drilling throughout the year. This development is expected to optimize the use of Hillgrove’s processing plant and provide further opportunities for resource identification, potentially impacting the company’s operational capacity and market positioning.
Hillgrove Resources Limited announced that it will release its March 2025 Quarterly Report on April 29, 2025, before the market opens. The company’s CEO and CFO will host a conference call to discuss the results, providing stakeholders with insights into the company’s performance and strategic direction.
Hillgrove Resources Limited announced that its CEO and Managing Director, Bob Fulker, will present an updated Corporate Presentation at the Resources Rising Stars Gather Round Conference in Adelaide. This event offers an opportunity for shareholders, investors, brokers, fund managers, and media to engage with the company’s strategic direction and operational updates, potentially impacting its market positioning and stakeholder relations.
Hillgrove Resources Limited has announced a change in the director’s interest, with Derek Carter acquiring an additional 685,714 ordinary shares through a Share Purchase Plan Offer. This acquisition increases his total holding to 3,056,961 ordinary shares, reflecting a strategic move to strengthen his investment in the company, potentially signaling confidence in the company’s future prospects.
Hillgrove Resources Limited announced a record copper production of 2,952 tonnes for the March 2025 quarter, marking a 12% increase from the previous quarter. The company is on track to meet its 2025 production guidance of 12,000 to 14,000 tonnes, with expectations for further growth in 2026 due to the accelerated development of Nugent. The announcement highlights the company’s operational improvements and strategic plans to enhance production capacity, which are expected to positively impact its market position and stakeholder interests.
Hillgrove Resources Limited announced the issuance of 143,847,094 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code HGO. This move is part of previously announced transactions, potentially enhancing the company’s capital base and market presence.
Hillgrove Resources Limited, a company listed on the Australian Securities Exchange, has announced its upcoming Annual General Meeting (AGM) for shareholders, scheduled for May 6, 2025. The company has released relevant documents, including a notice of the meeting and a proxy form, which are available online and through the ASX market announcements page. This meeting is a routine part of corporate governance, allowing shareholders to engage with the company’s leadership and discuss its performance and future strategies.
Hillgrove Resources Limited has released its Corporate Governance Statement for 2024, outlining the company’s commitment to effective management, ethical conduct, and stakeholder engagement. The statement emphasizes the importance of structured board operations, risk management, and transparent communication with security holders, aiming to enhance corporate integrity and accountability.
Hillgrove Resources Limited has released its Annual and Sustainability Report for the year ending December 31, 2024, highlighting its operational activities, financial position, and sustainability efforts. The report underscores the company’s commitment to integrating sustainability with its business operations, reflecting on its performance, governance, and long-term goals. The acknowledgment of traditional landowners and the focus on sustainability indicate Hillgrove’s dedication to responsible mining practices, which may positively impact its industry positioning and stakeholder relations.
Hillgrove Resources Limited successfully completed an oversubscribed Share Purchase Plan (SPP), raising $5.0 million, which, along with a $13.0 million placement, totals $18.0 million in new capital. This financial boost will enable the company to accelerate exploration activities, particularly at the Kanappa prospect and Southeast tenements, and fast-track development at Nugent, enhancing its copper production and operational flexibility.
Hillgrove Resources Limited announced the cessation of 2,500,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s operational performance and strategic execution.
Hillgrove Resources Limited has announced new high-grade copper-gold intersections at its Nugent site, part of the Kanmantoo Copper Mine. The ongoing underground diamond drilling has revealed significant mineralization, with the deepest intersection to date extending the mineralization footprint. This discovery supports the company’s decision to fast-track Nugent into production, with initial ore processing targeted for the December Quarter 2025. The results, which exceed the current resource grade, highlight the potential for significant resource growth at Nugent and Kanmantoo, reinforcing the company’s confidence in its exploration strategy and future operational plans.
Hillgrove Resources Limited has updated its previous announcement to reflect the execution of an underwriting agreement for its Share Purchase Plan. This development indicates a strategic move to raise capital, which could enhance the company’s financial stability and support its operational goals, potentially impacting its market position and offering implications for stakeholders.
Hillgrove Resources Limited has announced an equity raising initiative to generate up to $16 million through a combination of a $13 million placement to institutional and sophisticated investors and a $3 million Share Purchase Plan (SPP) for existing eligible shareholders. The SPP is underwritten by Blue Ocean Equities Pty Ltd up to $2.2 million, ensuring the full amount is raised. This financial move is expected to bolster Hillgrove’s operational capabilities and strengthen its market position, with shareholder approval required for certain aspects at the upcoming Annual General Meeting.
Hillgrove Resources Limited has issued 297,288,505 fully paid ordinary shares at A$0.035 per share to institutional shareholders as part of a placement announced earlier. This move is part of the company’s strategy to raise capital without the need for disclosure under Part 6D.2 of the Corporations Act, indicating compliance with relevant reporting obligations and transparency in its operations.
Hillgrove Resources Limited has announced the quotation of 297,288,505 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of March 13, 2025. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially improving its market positioning and offering new opportunities for stakeholders.
Hillgrove Resources Limited has announced the opening of a Share Purchase Plan (SPP), allowing eligible shareholders to purchase up to $30,000 worth of shares without incurring additional transaction costs. This initiative aims to enhance shareholder value and provide an opportunity for existing shareholders to increase their investment in the company, potentially strengthening Hillgrove’s market position and financial stability.
Hillgrove Resources Limited has announced that its 2025 Annual General Meeting will be held on May 6, 2025, with the deadline for director nominations set for March 13, 2025. This announcement is part of the company’s compliance with ASX Listing Rule 3.13.1 and is authorized by the Board, indicating ongoing governance and shareholder engagement.
Hillgrove Resources Limited has released a revised investor presentation highlighting a significant 96% increase in the resource at its Kanmantoo underground project, following a maiden reserve announcement. This development is expected to enhance the company’s operational capabilities and strengthen its position in the copper mining industry, potentially benefiting stakeholders through increased production and resource expansion.
Hillgrove Resources Limited announced a $16 million equity raising initiative, including a $13 million placement and a $3 million Share Purchase Plan, to accelerate the development of its Nugent deposit. This move is expected to increase copper production at the Kanmantoo mine by 25%, reduce unit costs, and enhance operational efficiency by drawing from three production areas, positioning Hillgrove to capitalize on favorable mining conditions in South Australia.
Hillgrove Resources Limited has announced a proposed issue of securities, including a securities purchase plan and a placement, to raise capital. The company plans to issue a total of 457,142,858 ordinary fully paid securities, which could potentially impact its financial standing and market positioning by providing additional resources for growth and development.
Hillgrove Resources Limited has announced a share purchase plan (SPP) for fully paid ordinary shares, allowing investors to acquire shares without the need for disclosure under the Corporations Act. The company has confirmed compliance with relevant legal provisions and stated that there is no excluded information that would affect the offering, indicating a strategic move to bolster its capital and potentially enhance its market position.
Hillgrove Resources Limited announced a $16 million equity raising initiative to accelerate the development of the Nugent deposit at its Kanmantoo copper mine. The capital will be used to increase mining and processing rates by 25%, potentially boosting copper production and reducing unit costs. The initiative includes a $13 million placement to institutional investors and a $3 million Share Purchase Plan for existing shareholders. The move is expected to enhance operational efficiency and flexibility, positioning Hillgrove as a significant player in the copper mining sector.
Hillgrove Resources Limited has requested a trading halt on its securities pending an announcement related to capital raising initiatives. This move is expected to impact the company’s operations by potentially enhancing its financial position, which could influence its market standing and stakeholder interests.
Hillgrove Resources Limited reported robust operational performance for the year ending December 31, 2024, with a net cash flow of $21.0 million from operating activities and an EBITDA of $22.5 million. Despite these positive figures, the company recorded a net loss after tax of $24.0 million due to increased depreciation and amortization charges and the revaluation of a financial liability. The company achieved significant organic growth, with a 96% increase in contained copper and a 138% increase in contained gold, alongside the release of a maiden Ore Reserve estimate. As Hillgrove transitions from developer to producer, it anticipates improved financial performance and liquidity as it moves towards full production capacity in 2025.
Hillgrove Resources Limited has announced an update on its Exploration Targets at the Kanmantoo Mine, identifying potential for significant expansions in copper and gold resources. The company plans extensive diamond drilling to explore down dip extensions and new lodes, which could enhance its mine plan and operational capacity. This strategic move aims to strengthen Hillgrove’s position in the mining sector by increasing its resource endowment and supporting future mining activities.