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The latest update is out from Coolabah Metals Ltd. ( (AU:BHM) ).
Broken Hill Mines reported a strong first full quarter as an ASX-listed company, with Rasp Mine achieving its highest mining rate since mid-2020 at around 60% of planned capacity and materially improved grades and output, particularly from accessing the high-grade Main Lode ore body for the first time. The miner delivered higher production of lead and silver, transitioned toward owner-operated underground development to cut costs by an anticipated 25–30% per development metre, advanced early works at the high-grade Pinnacles Mine ahead of a planned June 2026 start, and launched an expanded 42,000-metre exploration program aimed at resource upgrades in the second half of 2026. Financially, the company swung to positive operating cash flow of A$1.6 million on a 71% rise in quarterly revenue to A$30.1 million, strengthened its balance sheet with A$45.1 million in cash and A$90 million in total liquidity, and progressed engineering on a tailings dewatering plant designed to restore the Rasp mill to its 750,000 tonne nameplate capacity by the end of 2026, positioning the business to benefit from significantly higher prevailing silver prices and increased throughput in the coming years.
More about Coolabah Metals Ltd.
Broken Hill Mines Ltd is an Australia-based mining company focused on silver, lead and zinc production from its Rasp Mine in the historic Broken Hill district, with additional high-grade growth potential at the nearby Pinnacles deposit. Listed on the ASX in July 2025, the company is targeting a ramp-up of Rasp to a 750,000 tonne per annum capacity, supported by ongoing mine development, exploration drilling and process plant enhancements to strengthen its position in the base and precious metals market.
Average Trading Volume: 1,427,628
Technical Sentiment Signal: Buy
Current Market Cap: A$364.5M
See more data about BHM stock on TipRanks’ Stock Analysis page.