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Brightstar Resources Limited ( (AU:BTR) ) has shared an announcement.
Brightstar Resources has reported reconciled November production of 4,652 ounces of gold from its latest processing campaign at Genesis Minerals’ Laverton Mill, a downward revision from an earlier unreconciled estimate of 6,300 ounces due to final gold-in-circuit reconciliation showing lower-than-expected recoveries of 75%. The company, together with independent metallurgical advisers, has attributed the weaker recoveries to sub-optimal leaching conditions linked to a higher proportion of pyrrhotite-bearing ore from the Fish mine, but remains confident that adjusting leach conditions will restore recoveries to historical levels above 90%, as demonstrated in prior campaigns and test work. Management stressed that mining operations are performing well, with the Fish mine exceeding budget in tonnes, grade, and ounces at lower costs, and reiterated its focus on completing updated technical studies (DFS 2.0) aimed at lifting projected annual production and improving financial outcomes, reinforcing Brightstar’s positioning as an unhedged gold producer and near-term project developer in the Goldfields.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
More about Brightstar Resources Limited
Brightstar Resources Limited is an Australian gold producer listed on the ASX, operating two owner-operated underground mines, Second Fortune and Fish, in the Laverton and broader Goldfields region. The company is also advancing its large-scale 2.4Moz Sandstone Gold Project and working toward a Final Investment Decision on its Goldfields development, targeting increased mill throughput and improved production and financial metrics.
Average Trading Volume: 4,167,265
Technical Sentiment Signal: Buy
Current Market Cap: A$374.9M
Find detailed analytics on BTR stock on TipRanks’ Stock Analysis page.