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Freehill Mining Secures New Site and Funding Amid Seasonal Sales Dip

4:18am on Monday 2nd of June, 2025 AEST Mining
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Freehill Mining Secures New Site and Funding Amid Seasonal Sales Dip

4:18am on Monday 2nd of June, 2025 AEST
Key Points
  • Q3 gross sales declined 30% to $636,000 due to seasonal and logistical factors
  • Production costs reduced by 15% to $492,000, improving cash flow
  • Completed $700,000 placement and announced a pro rata entitlement offer
  • Secured a new site in La Serena/Coquimbo region to expand operations and improve margins
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