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Brightstar Resources Limited ( (AU:BTR) ) has provided an update.
Brightstar Resources Limited reported a 91% increase in mine production for the September quarter, driven by strong performance at its Second Fortune and Fish mines. The company achieved a record quarterly production of 7,002 ounces of gold, with the Fish mine commencing commercial production in September. Brightstar is targeting the lower end of its all-in sustaining cost range and is well-positioned to benefit from high spot gold prices. The company is also advancing its exploration and development projects, including the Menzies-Laverton Gold Project, which aims to significantly increase production in the coming years.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.59 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 a gold mining company operating in the Western Australian region. The company focuses on underground mining operations, primarily at its Second Fortune and Fish mines within the Laverton Hub. Brightstar is involved in exploration and development activities, aiming to expand its production capabilities and extend mine life.
Average Trading Volume: 3,712,293
Technical Sentiment Signal: Buy
Current Market Cap: A$304.1M
For a thorough assessment of BTR stock, go to TipRanks’ Stock Analysis page.