Freehill Mining (ASX:FHS) has announced a remarkable increase in sales from its Yerbas Buenas mine in Chile. In November, the company achieved record gross sales of AUD 363,000, a 27.8% rise from October's adjusted sales figures. This growth is attributed to rising demand and operational improvements.
Freehill Mining (ASX:FHS) has made notable advancements in its sales performance, reporting a record month in November with sales of AUD 363,000 from the Yerbas Buenas mine in Chile. This surge is linked to its robust status as a key supplier for local infrastructure projects and the reactivation of its processing plant. With two operational plants, the company is well-positioned to capitalize on the increasing market demand. Over the first two months of the December quarter, Freehill achieved gross sales of AUD 647,000, a 35.8% rise from the previous quarter. The company remains optimistic about sustaining this momentum, supported by a strong customer base that includes major cement and construction firms in Chile. Freehill's strategy focuses on optimizing operations to boost margins and profits, further diversifying its revenue streams, and exploring growth opportunities.
We are pleased with the significant growth in sales, which highlights our strong market position and operational improvements. The recommencement of the on-site processing plant has played a crucial role in meeting the increasing demand, and we remain committed to optimizing our operations to drive further growth in margins and profits into the next calendar year and beyond.