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Broken Hill Mines has surpassed 100,000 ounces of quarterly silver production for the first time since June 2022, supported by record ore throughput at its Rasp processing plant in New South Wales.
The company produced 102,922 ounces of silver during the September 2026 quarter, representing a 7.4 per cent increase from the previous quarter and a 148 per cent rise year-on-year.
Ore processing also reached 129,084 tonnes (t), up 8.2 per cent quarter-on-quarter and 10.1 per cent year-on-year, marking the highest quarterly throughput since June 2020.
The result represents an annualised processing rate of approximately 516,000 tonnes per annum (tpa), equivalent to 69 per cent of the Rasp plant’s 750,000tpa capacity.
Lead production remained steady at 2381t, while zinc output declined 9.2 per cent to 3024t. However, both metals recorded year-on-year growth of 67.7 per cent and 4.9 per cent, respectively.
The production milestones come as Broken Hill Mines continues ramping up operations at its Pinnacles open pit, which restarted production for the first time since 2020.
Located approximately 15km from Rasp, Pinnacles has initially supplied lower-grade remnant material recovered during development works within the existing Edwards open pit.
These activities included void filling, pit redesign and the removal of residual mineralised material to prepare the operation for larger-scale mining.
Broken Hill Mines has now exposed its first full bench of clean, high-grade Pinnacles ore, with mining and trucking to Rasp underway.
The company expects average silver, lead and zinc grades to improve as higher-grade material from Pinnacles and the Main Lode becomes a greater proportion of the processing feed, alongside potential gold and copper credits.
This momentum was built off results in July, when the miner delivered improved results across its core silver, lead and zinc production and financial metrics, with silver output rising 21.8 per cent and zinc production climbing seven per cent.
At that stage, exploration was a key focus, completing drilling of roughly 12,500m across Rasp and the Pinnacles projects.
Since listing in July 2025, Broken Hill Mines has established two additional ore feeds for the Rasp plant through Main Lode and Pinnacles, complementing existing Western Mineralisation operations.
Further growth could come from the Centenary ore body, where drilling and development activities have identified a potential fourth source of bulk-tonnage ore.
Additional drilling results and an Exploration Target for Centenary are expected in the near term.
The company is also preparing updated mineral resource estimates for Rasp and Pinnacles in late 2026, incorporating more than 85,000m of additional drilling completed to date.
Broken Hill Mines’ expansion strategy has been strengthened by a recently completed $85 million capital raise, providing additional funding flexibility to accelerate mine development and production growth.
The company remains on track to commission its Tailings Dewatering Plant during the first half of 2027, supporting its longer-term objective of reaching the Rasp plant’s full 750,000tpa processing capacity.
Broken Hill Mines expects further production growth throughout FY27 as additional ore sources ramp up, with its full September quarterly production and financial results scheduled for release in late October.
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