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