Hillgrove Resources

At the Noosa Mining Conference Hillgrove Resources reported a strong operations update: production rose from about 900,000 t (2024) to an annualised rate of 1.8 million t, with a target of >2 million t after commissioning the Emily Star mining area in H2 2027. The company generated positive cash flow of $7 million in the last quarter despite a $6 million hedging loss that is expected to roll off, and intends to fund growth from internal cash flow. Management says Kanmantoo has capacity for 3.6 million t but is running at only about 50% utilisation; additional projects such as North Kavanagh and a JV for Mutooroo should further raise utilisation. Hillgrove plans to rename itself Kantra Copper to emphasise its clear focus as a pure copper producer. » More on de.investing.com

Hillgrove Resources reports a record production of 3,120 tonnes of copper in Q1 2026 and a 5% revenue increase to AUD 53.8 million. Operating cash flow from mining operations rose 16% to AUD 14.6 million, the group reported a net cash flow of AUD 4.8 million and a cash balance of AUD 25.2 million. Despite strong operational metrics, the share price fell 6.82% after the earnings call and closed at AUD 0.041. Hillgrove confirms a positive outlook for 2026, plans to increase the mining rate to 1.7–1.8 million tonnes per year and expects improved ore grades in the third quarter. » More on de.investing.com

Hillgrove Resources reported robust operational Q4/2025 results with copper production of 11,315 tonnes, a 14% increase in mineral resources and a 43% rise in ore reserves. The company completed a capital raising of AUD 28m and recorded operating cash flow of AUD 35.8m with a cash balance of AUD 20.6m. Despite this, the share price fell 12.5%; for 2026 Hillgrove forecasts copper production of 12,750–14,000 tonnes and higher all-in sustaining costs of AUD 5.75–6.25 per pound. » More on de.investing.com