Hillgrove Resources Limited (ASX:HGO) Achieves Record Copper Production in February 2025
Record Copper Production
Hillgrove Resources Limited has produced a record 1,105 tonnes of copper in February 2025, the highest monthly production since underground material processing commenced in February 2024.
Operational Highlights
The company processed 116,000 tonnes of ore at a grade of 1.01% Cu with a 94.2% recovery rate. Additionally, Hillgrove achieved 584 metres of development, setting a record daily average for the month. February’s performance follows an excellent January, demonstrating continued operational strength.
Future Outlook
Hillgrove remains on track to achieve 12,000-14,000 tonnes of copper produced in calendar year 2025. Production is expected to grow further into 2026 with the accelerated development of the Nugent project.
Executive Comments
CEO and Managing Director Bob Fulker stated, “I am pleased to report continued improvement in our mine physicals which has seen a record achieved for copper production in February, despite February being a 28-day month. In addition, there were record daily averages for both development and ore mining. The excellent operational delivery in these key metrics shows our continual improvement and debottlenecking of the mine that is delivering tangible results. We are confident mine performance will continue to strengthen, as we accelerate the development of Nugent.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.