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The latest update is out from Hillgrove Resources Limited ( (AU:HGO) ).
Hillgrove Resources Limited has successfully completed the Nugent Acceleration Project ahead of schedule, enabling the processing of 6,167 tonnes of ore and setting the stage for increased production in the December quarter. The project completion is expected to alleviate congestion in the Kavanagh ore body, improve trucking efficiencies, and support the company’s strategy to increase mill throughput. The development also facilitates exploration drilling, potentially opening new mining fronts to further enhance plant utilization and reduce unit costs.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.08 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 operating in the mining industry, primarily focused on copper production. The company is engaged in the development and processing of copper ore, with a market focus on increasing production efficiency and throughput.
Average Trading Volume: 4,424,476
Technical Sentiment Signal: Sell
Current Market Cap: A$101.9M
See more insights into HGO stock on TipRanks’ Stock Analysis page.