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Coolabah Metals Ltd. ( (AU:BHM) ) just unveiled an update.
Broken Hill Mines Ltd. has successfully raised A$38.5 million through a placement to institutional and sophisticated investors, aimed at accelerating its growth strategy at the Rasp and Pinnacles mines. The funds will be used to expand resource exploration and development, including a significant drilling program and infrastructure upgrades, positioning the company to maximize production capacity and capitalize on high silver prices. This strategic move is expected to enhance the company’s operational capabilities and strengthen its market position, benefiting shareholders and stakeholders alike.
More about Coolabah Metals Ltd.
Broken Hill Mines Ltd. operates in the mining industry, focusing on the extraction and development of mineral resources. The company is primarily engaged in silver mining, with key operations centered around the Rasp and Pinnacles mines. Its market focus includes leveraging high-grade ore production to capitalize on current high silver prices.
Average Trading Volume: 968,408
Technical Sentiment Signal: Buy
Current Market Cap: A$284.8M
For a thorough assessment of BHM stock, go to TipRanks’ Stock Analysis page.