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Hillgrove Resources Limited (AU:HGO)
ASX:HGO
Earnings Data
Report Date
Sep 02, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
<0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and growth story: production met FY2025 guidance, quarterly production hit a record, reserves and resources materially increased (ore reserve +43%, resource tonnes +14%), Nugent achieved key milestones and is driving a 2026 production uplift (guidance 12,750–14,000 t). Strong drilling progress and capital discipline were highlighted, along with completed equity funding. Near‑term challenges include one‑off costs, unplanned maintenance, inventory drawdown, modest gold recovery and geological variability (pinch/swell), and some conservative near‑term cost guidance. Overall, the positives around production, resource growth, project delivery and funding outweigh the short‑term operational and cost headwinds.Company Guidance
Full‑Year Copper Production Within Guidance
FY2025 copper production of 11,315 tonnes, within guidance range of 11,000–11,500 tonnes.
Record Quarterly Production and Sales
December quarter highest quarterly copper production of 2,962 tonnes; 3,121 tonnes of payable copper sold in the quarter at an average realized price of AUD 14,754 per tonne.
Costs at Lower End of Guidance
FY2025 all‑in costs of USD 4.29 per pound, positioned at the lower end of guidance (USD 4.20–4.45/lb). December quarter all‑in sustaining cost was USD 4.03/lb (AUD 6.30/lb).
Improved Operational Delivery Year‑Over‑Year
2025 delivered a 38% improvement in development meters, 57% improvement in mine tonnes and a 26% improvement in copper tonnes versus 2024.
Strong Cash Generation and Liquidity
Operating mine cash flow of $12.7 million in the December quarter and AUD 35.8 million for the year; cash balance of $20.6 million at quarter end and total liquidity (cash + receivables + unsold concentrate) of $30.8 million.
Nugent Milestones and Production Uplift
Nugent stope production commenced on 15 Oct (ahead of schedule) and Nugent decline breakthrough on 19 Dec, providing a second ore source and positioning the operation to deliver a ~1.7–1.8 Mtpa mining rate in H1 2026.
Resource and Reserve Growth
2025 update delivered a 43% increase in ore reserve tonnes and a 14% increase in resource tonnes vs 2024. Updated ore reserve: 4 million tonnes containing 34,000 t copper and 29,000 oz gold. Mineral resource: 22 million tonnes containing 160,000 t copper and 120,000 oz gold (includes maiden underground resource for Valentines).
Significant Drilling and Exploration Progress
69,000 metres of underground diamond drilling completed in 2025 (29,000 m incorporated into the update; remaining 40,000 m to be included in Dec 2026 update). Emily Star and Kavanagh drilling returned significant intercepts (e.g., Emily Star: 7.25 m @ 1.6% Cu; 6.3 m @ 1.34% Cu).
Capital Investment and Project Delivery
2025 invested ~$21 million in major capital and $20.5 million in sustaining capital to expand underground footprint. Total Nugent project expenditure $21 million, in line with budget.
2026 Production and Cost Guidance
2026 copper production guidance 12,750–14,000 tonnes (implying ~+12.7% to +23.7% vs FY2025); all‑in sustaining costs forecast to ease in H2 2026 at AUD 5.75–6.25 per pound of payable copper sold. Major capital planned at AUD 8–10 million.
Hedging Position
Prudent hedging covering roughly one‑third of forecast production: 3,560 tonnes of copper hedges outstanding at a weighted average price of AUD 14,459/tonne (deliveries Jan–Sep 2026).
Equity Raise Completed
Completed an equity capital raise of $28 million (net $26.2 million received during the quarter) to support growth and projects.
AU:HGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:HGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | AU$0.05 | AU$0.05 | 0.00% |
Aug 25, 2025 | AU$0.04 | AU$0.04 | +2.63% |
Feb 28, 2025 | AU$0.04 | AU$0.04 | -2.44% |
Aug 29, 2024 | AU$0.05 | AU$0.05 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hillgrove Resources Limited (AU:HGO) report earnings?
Hillgrove Resources Limited (AU:HGO) is schdueled to report earning on Sep 02, 2026, TBA (Confirmed).
What is Hillgrove Resources Limited (AU:HGO) earnings time?
Hillgrove Resources Limited (AU:HGO) earnings time is at Sep 02, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What is the P/E ratio of Hillgrove Resources Limited stock?
The P/E ratio of Hillgrove Resources Limited is N/A.
What is AU:HGO EPS forecast?
Currently, no data Available