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Broken Hill Mines has recorded its highest quarterly silver production since June 2020, producing 102,922 ounces in the September quarter as additional ore sources helped drive record throughput at its Rasp processing plant in New South Wales.
The company’s September 2026 quarterly activities report outlined that ore mined reached a record 142,523 tonnes, up 6.9 per cent on the previous quarter, while ore processed increased 8.2 per cent to 129,084 tonnes.
The production milestone followed the introduction of ore from Main Lode and Pinnacles, complementing the historical Western Min source. 72 per cent of the ore mined came from Western Min, 18 per cent came from Main Lode and 10 per cent from Pinnacles.
Broken Hill Mines said Pinnacles mining was progressing towards higher-grade ore after reaching the base of the current pit. Lower-grade remnant material was processed during the quarter as part of pit clean-up activities.
The company said it expects average silver, lead and zinc grades to improve as higher-grade Pinnacles ore and additional Main Lode material enter the processing plant. October performance had already delivered improved grades and production, according to the report.
Alongside operational growth, Broken Hill Mines continued exploration at Rasp, where drilling in the Centenary Zone confirmed a new bulk-tonnage silver, lead and zinc discovery.
One intersection returned 25.8m at 11.7 per cent zinc equivalent (ZnEq) and 323 grams per tonne silver equivalent (AgEq) from 415.1m.
A further intercept outside the existing mineral resource estimate returned 17.8m at 10.1 per cent ZnEq and 280g/t AgEq from 420m, including 5.4m at 19.5 per cent ZnEq and 540g/t AgEq from 432.4m.
The company said the latter intercept connected the northern and southern portions of the Centenary mineral resource across a 1600m strike length.
Broken Hill Mines is finalising a maiden exploration target for Centenary, which it said was due for imminent release. Funds from its $85 million capital raise are planned to support a production decline, accelerated resource drilling and infrastructure upgrades.
The company also recorded quarterly sales revenue of $37.6 million, against cash operating costs of $33.4 million. Total liquidity stood at $112.9 million, including $89.5 million in cash, following completion of the second tranche of its capital raise in October.
Development of the Rasp Tailings dewatering plant remained on budget and schedule, with availability expected in the first half of 2027.
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