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An announcement from Freehill Mining Ltd. ( (AU:FHS) ) is now available.
Freehill Mining Limited has announced a significant ramp-up in its aggregate materials business in Chile, particularly in the La Serena/Coquimbo region. The company is now delivering between 300m3 and 500m3 of industrial sand and gravel daily to the local cement industry, marking the highest delivery rates since the business’s inception. This expansion is supported by stockpiles to ensure continuous supply and plant enhancements to increase processing capacity. The company is optimistic about further growth, with a growing sales pipeline and ongoing improvements at its Islon plant. Additionally, operations at the Yerbas Buenas site continue to contribute to the company’s sales base. The management sees this as a pivotal moment to scale up operations and expand the customer base, capitalizing on regional growth opportunities.
More about Freehill Mining Ltd.
Freehill Mining Limited operates in the mining industry, focusing on the production and sale of aggregate materials. The company is engaged in supplying industrial sand and gravel, primarily serving the cement and construction industries in the La Serena/Coquimbo region of Chile.
Current Market Cap: A$17.59M
Find detailed analytics on FHS stock on TipRanks’ Stock Analysis page.