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Coolabah Metals Ltd. ( (AU:BHM) ) has provided an update.
Broken Hill Mines reported a milestone quarter, showcasing strong mining and development performance at Rasp and significant de-risking at Main Lode. The company achieved record ore mining and development metrics since 2022, with exceptional drilling results indicating substantial growth potential. The completion of underground development at Main Lode and the start of multi-orebody production at Rasp position BHM for increased production and improved grades in FY26. Financially, the company is bolstered by a strong cash position and financing facilities, alongside leadership changes to support its expansion phase.
More about Coolabah Metals Ltd.
Broken Hill Mines (ASX: BHM) operates in the mining industry, focusing on the extraction and processing of silver, lead, and zinc. The company is engaged in regional consolidation efforts to transform Broken Hill into a multi-mine producer, with significant operations at the Rasp and Pinnacles sites.
Average Trading Volume: 1,074,149
Technical Sentiment Signal: Buy
Current Market Cap: A$284.8M
See more data about BHM stock on TipRanks’ Stock Analysis page.