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Hillgrove Resources Limited ( (AU:HGO) ) just unveiled an update.
Hillgrove Resources Limited has commenced production from the Nugent deposit ahead of schedule, marking a significant milestone in its growth strategy. The Nugent mining area is expected to play a crucial role in the expansion of the Kanmantoo copper mine, with an anticipated increase in the annualized mining rate to 1.7-1.8 million tonnes per annum by the first half of 2026. This expansion is set to enhance operational flexibility, reduce unit operating costs, and strengthen the company’s production profile, benefiting stakeholders by improving margins and increasing throughput.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
More about Hillgrove Resources Limited
Hillgrove Resources Limited is a company in the mining industry, primarily focused on copper production. It operates the Kanmantoo copper mine and is expanding its operations with the Nugent mining area, aiming to increase production and operational efficiency.
Average Trading Volume: 7,249,892
Technical Sentiment Signal: Sell
Current Market Cap: A$124.2M
Learn more about HGO stock on TipRanks’ Stock Analysis page.