Brightstar Delivers Record Gold Processing Campaign and Strengthens Financial Position
Brightstar Resources Limited (ASX: BTR) has reported the completion of its final processing campaign under the Ore Purchase Agreement with Genesis Minerals, delivering record production and revenue from its Laverton underground operations. The campaign processed approximately 140,000 tonnes of ore at 2.0 grams per tonne gold, producing around 7,900 ounces of recovered gold at an 89.1% recovery rate.
The parcel represents the Company’s largest to date by both tonnage and gold output, generating record gross revenue of approximately AU$53 million at a realised gold price of AU$6,758 per ounce. Cumulatively, the Ore Purchase Agreement has delivered around AU$138 million in gross sales proceeds, supporting development activities and strengthening the Company’s balance sheet. Brightstar has now fully repaid its working capital facility and holds no drawn debt, while retaining access to a US$120 million bond facility to support future processing plant construction and growth initiatives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Brightstar Delivers Record Gold Processing Campaign and Strengthens Financial Position
Brightstar Resources Limited (ASX: BTR) has reported the completion of its final processing campaign under the Ore Purchase Agreement with Genesis Minerals, delivering record production and revenue from its Laverton underground operations. The campaign processed approximately 140,000 tonnes of ore at 2.0 grams per tonne gold, producing around 7,900 ounces of recovered gold at an 89.1% recovery rate.
The parcel represents the Company’s largest to date by both tonnage and gold output, generating record gross revenue of approximately AU$53 million at a realised gold price of AU$6,758 per ounce. Cumulatively, the Ore Purchase Agreement has delivered around AU$138 million in gross sales proceeds, supporting development activities and strengthening the Company’s balance sheet. Brightstar has now fully repaid its working capital facility and holds no drawn debt, while retaining access to a US$120 million bond facility to support future processing plant construction and growth initiatives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au