Horizon Minerals Reports Progress and Revenue Boost in Gold Projects

Horizon Minerals Ltd ( (AU:HRZ) ) has shared an announcement.

Horizon Minerals Limited has announced significant progress in its Phillips Find and Boorara Gold Projects. The company has completed toll processing of ore from Phillips Find, generating approximately $5.8 million in revenue and achieving its first free cash flow distribution. Additionally, Horizon plans further ore processing at Greenfields Mill and Focus Minerals Limited’s plant. At Boorara, significant ore stockpiles are being processed under an agreement with Norton Gold Fields, contributing to a substantial increase in revenue. The company’s operations are ramping up, resulting in increased gold production and cash flow.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

More about Horizon Minerals Ltd

Horizon Minerals Limited is a gold mining company operating in the Western Australian goldfields. The company focuses on the development and processing of gold projects, primarily Phillips Find and Boorara, which are located near Coolgardie and Kalgoorlie-Boulder.

Average Trading Volume: 7,199,828

Technical Sentiment Signal: Hold

Current Market Cap: A$135.6M

See more data about HRZ stock on TipRanks’ Stock Analysis page.