Hillgrove Resources Limited
HGO.ASXMaterials
Hillgrove is an Australian mining company, focused on mining the Kanmantoo Underground Copper Mine in South Australia and mineral exploration in the south-east of South Australia. The Kanmantoo Copper Mine is located 55 km from Adelaide in South Australia
Market Data
$0.045
-0.0%$162.4M
71.4x
$0.001
0.00%
-0.0%
Latest Earnings
Quarterly Report for 31 March 2026
22 April 2026
Hillgrove Resources delivered a strong Q1 2026 with record quarterly copper production of 3,120 tonnes (4th consecutive QoQ increase) and operating mine cash flow of $14.6 million, driving cash balances up 22% to $25.2 million. The company remains on track to achieve 1.7-1.8 Mtpa run rate by end of June 2026, with AISC of $6.20/lb payable Cu sold within full-year guidance, while near-mine exploration at Emily Star and Nugent continues to support a 2+ Mtpa future growth profile. Key points: Record quarterly copper production of 3,120 tonnes, marking the 4th consecutive quarter-on-quarter increase; Operating mine cash flow increased 16% QoQ to $14.6 million; group cash balance up 22% to $25.2 million; AISC of $6.20/lb payable Cu sold within guidance range ($5.75–$6.25/lb); lower cost basis of $5.65/lb Cu produced demonstrates operational improvements
Recent Announcements
Quarterly Report for 31 March 2026
Hillgrove Resources delivered a strong Q1 2026 with record quarterly copper production of 3,120 tonnes (4th consecutive QoQ increase) and operating mine cash flow of $14.6 million, driving cash balances up 22% to $25.2 million. The company remains on track to achieve 1.7-1.8 Mtpa run rate by end of June 2026, with AISC of $6.20/lb payable Cu sold within full-year guidance, while near-mine exploration at Emily Star and Nugent continues to support a 2+ Mtpa future growth profile. Key points: Record quarterly copper production of 3,120 tonnes, marking the 4th consecutive quarter-on-quarter increase; Operating mine cash flow increased 16% QoQ to $14.6 million; group cash balance up 22% to $25.2 million; AISC of $6.20/lb payable Cu sold within guidance range ($5.75–$6.25/lb); lower cost basis of $5.65/lb Cu produced demonstrates operational improvements
2025 Preliminary Final Report and Annual Financial Report
Hillgrove Resources delivered strong revenue growth of 49.4% to $167.6M driven by increased copper and gold production, with EBITDA rising to $26.0M. The company returned to profitability with $0.1M NPAT versus a $14.8M loss in the prior year, supported by successful completion of the Nugent development project on schedule and within budget. Strong operational momentum continues with plans to ramp up to 1.7-1.8Mtpa throughput by H1 2026. Key points: Return to profitability with $0.1M NPAT vs $14.8M loss in prior year; Revenue increased 49.4% to $167.6M supported by higher copper and gold production; EBITDA grew 16.6% to $26.0M reflecting disciplined cost control and improved operational performance
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