FINWIRES · TerminalLIVE
FINWIRES

Brightstar Resources Reports Decline in Ore Mined for June Quarter; Shares Down 6%

By

Brightstar Resources (ASX:BTR) said it mined 28,300 tonnes of ore in the June quarter at 3.1 grams per tonne grade of gold, according to a Thursday filing with the Australian bourse.

In the year-ago period, the company reported 34,700 tonnes of ore mined at 3.3 g/t gold, a previous filing showed.

Brightstar also struck a power purchase agreement and LNG supply deal for its Laverton mill power station in Western Australia following the close of the June quarter.

It signed the power purchase deal with PWR Hybrid Solutions and the supply agreement with EVOL LNG, both portfolio companies of OCTA Group, to align fuel supply and power generation under a coordinated contractual framework, per the filing.

The company ended the June quarter with AU$122 million in cash on hand and undrawn net bond proceeds of AU$161 million for a total liquidity position of AU$283 million.

Its shares fell 6% in recent Thursday trade.

Related Articles

Asia

Tamron Receives Acquisition Proposal From Sony Group

Tamron (TYO:7740) has received a nonbonding acquisition proposal from Sony Group (TYO:6758), according to a Thursday release.The proposal involves a series of transactions that will make the camera lens maker Sony's wholly owned subsidiary.Tamron has created a special committee to review options relating to the proposal.

TYO:6758TYO:7740
Asia

Japan's ANA Holdings Orders Eight Additional Embraer E190-E2 Aircraft

ANA Holdings (TYO:9202) plans to order eight additional Embraer E190-E2 aircraft, expanding on its previous order of 20 aircraft announced in February 2025, according to a company release on Wednesday.The board approved the decision during a meeting on Wednesday.The 100-seat aircraft, featuring PW1900G engines and a range of 5,278 kilometers, aim to improve fuel efficiency, lower noise and operating costs, the release said.

TYO:9202
Asia

United Microelectronics Board OKs Up to NT$1.7 Billion Investment in Private Equity Fund

United Microelectronics (TPE:2303) board approved an investment of up to NT$1.7 billion in private equity fund TGVest Asia Partners III (Taiwan), according to a Wednesday Taiwan Exchange filing.The investment will be made through capital contributions based on capital call notices under the fund's limited partnership agreement.The funds will be used as a long-term investment, it said.

TPE:2303