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- Horizon Minerals (HRZ) has requested back-to-back trading halts regarding an upcoming capital raising
- The company’s shares will remain in the halt until August 17 or when the announcement is made, whichever occurs first
- On August 7, Horizon completed the first milling program at its Boorara Gold Mine in the Goldfields region of Western Australia
- The total gold pour equalled 1050 fine ounces and the gold was sold at an average price of $2791 per ounce, generating $2.93 million in revenue
- Shares in Horizon last traded for 18.5 cents on August 10
Horizon Minerals (HRZ) has requested back-to-back trading halts regarding an upcoming capital raising.
The company’s shares will remain in the halt until August 17 or when the announcement is made, whichever occurs first.
At this point in time, there is no information regarding how much will be raised or what Horizon will use the funding for.
On August 7, Horizon completed the first milling program at its Boorara Gold Mine in the Goldfields region of Western Australia.
This program began on July 16, finished on July 27, and first gold pour was on July 23.
The total gold pour equalled 1050 fine ounces and the gold was sold at an average price of $2791 per ounce, generating $2.93 million in revenue.
Additionally, the gold recoveries exceeded expectations, with a recovery of 93.8 per cent — slightly above the estimated 91 per cent.
Horizon’s next milling campaign is scheduled to begin in late August with a focus on the Regal East and Regal West pits.
Shares in Horizon last traded for 18.5 cents on August 10.
