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Horizon Minerals Ltd ( (AU:HRZ) ) has shared an update.
Horizon Minerals Ltd has provided an update on its Phillips Find and Boorara Gold Projects. At Phillips Find, the company has completed three processing campaigns, with mining nearing completion and ore stockpiled for processing. A Toll Milling Agreement has been executed to process high-grade ore, with treatment expected soon. At Boorara, mining is progressing well, but ore haulage has been reduced temporarily by the processing partner, delaying some cash flow into 2026. Despite this, the company anticipates strong cash flow from its stockpiles and a planned asset sale, strengthening its financial position.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.13 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 Ltd is a company operating in the gold mining industry, focusing on the development and processing of gold projects. The company is primarily involved in the extraction and processing of gold ore, with a market focus on becoming a mid-tier gold producer in the Western Australia Goldfields.
Average Trading Volume: 12,885,069
Technical Sentiment Signal: Buy
Current Market Cap: A$194.2M
For an in-depth examination of HRZ stock, go to TipRanks’ Overview page.