Australia's Hillgrove Resources falls on lowering Nugent output forecast

Kantra Copper

11/09/2025 02:39

** Hillgrove Resources HGO.AX falls as much as 4% to A$0.036, lowest since August 22

** Miner lowers CY25 Nugent project output forecast to 11,000–11,500 tonnes of copper from ~12,000–14,000 tonnes expected earlier

** Raises 2025 all-in cost (excluding Nugent acceleration capex) to $4.20-$4.45 per pound payable sold (lb) from $3.40–$3.90/lb

** Stock falls ~29% YTD

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))