Freehill Mining Limited (ASX:FHS) Delivers Record Monthly Aggregates Sales of Over A$623,000 in October

Sonal Goyal

05 November 2026 03:56 PM AEDT

Freehill Mining Limited (ASX:FHS) Delivers Record Monthly Aggregates Sales of Over A$623,000 in October

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Highlights

Freehill Mining has reported record monthly gross aggregates sales of approximately A$623,000 for October 2026, a 23 per cent increase on September sales and a 36 per cent increase on August, with the Islon plant as the primary growth driver.
The Islon plant is the subject of ongoing plant upgrade works including the integration of an additional vertical shaft impact crusher, new screening technology, and expanded conveyor capacity, expected to deliver further processing Volume growth.
The Yerbas Buenas operation continues its steady output and is expected to benefit from planned infrastructure Investment near the project, which has an abundance of material available for future processing and supply.
The company's dual strategy combines scaling the cash-generating aggregates Business with advancing the Blanco y Negro copper-gold asset toward a ready-to-mine status, alongside interests in the Joshua and Samuel porphyry projects in Region IV, Chile.

Freehill Mining Limited (ASX:FHS) is an ASX-listed company pursuing a dual strategy in Chile's Region IV, combining the scaling of a cash-generating aggregates business with the development of copper-gold exploration assets. The company operates two aggregates sites — the Islon plant and the Yerbas Buenas operation — both supplying construction materials to the La Serena and Coquimbo region. On 5 November 2026, the company reported that October 2026 had delivered a record monthly gross sales result for its aggregates business, with Islon as the primary driver of growth.

Record Monthly Sales and the Growth Trajectory

October 2026 gross aggregates sales of approximately A$623,000 represented a 23 per cent increase on September's figure and a 36 per cent improvement on August. The company noted that this steady month-on-month build in sales reflects healthy levels of construction activity in the La Serena and Coquimbo region of Chile, which is underpinning Demand for quality aggregate products. The Islon plant has been the primary driver of growth, with its contribution growing materially over the four-month period from July through October 2026. The company flagged that Chilean peso movements relative to the Australian dollar affected the Australian dollar value of September and October results, with a higher Exchange Rate reducing the reported AUD figures relative to what they would have been at the July and August conversion rate.

The board and management expressed satisfaction with the improving top-line trajectory and noted that input costs have continued to trend downward, adding a Margin improvement dimension to the Revenue growth. The combined financial performance is described as giving the company added flexibility to support growth in both the aggregates business and its planned copper mining activities. The managing director highlighted the building of a more solid foundation as a trusted and dependable regional aggregate supplier as a key strategic development, alongside the focus on steadily expanding the Islon and Yerbas Buenas operations.

Plant Upgrades and Copper Portfolio Development

At Islon, the current focus is on implementing plant upgrades that include an additional vertical shaft impact crusher unit, new screening technology, and expanded conveyor capacity. These improvements are designed to streamline production, improve material handling, and support higher processing volumes. The benefits of these works are expected to be realised in the current quarter and beyond. The Yerbas Buenas site continues to deliver steady output and is expected to play a central role in serving planned infrastructure investment in its vicinity, with the site noted as having an abundance of material for future processing and supply.

Alongside the aggregates operations, Freehill holds an option over the Blanco y Negro copper-gold deposit in Chile, which carries an existing JORC resource at meaningful copper and gold grades. The company's strategy for Blanco y Negro is to advance it to a ready-to-mine status through the permitting process, with the growing aggregates revenue base providing financial flexibility to support this alongside the exploration activities. The company also holds interests in the Joshua and Samuel porphyry copper-gold projects in the same region, providing additional exploration optionality.

Key Takeaways

Freehill Mining's record October aggregates sales reflect the ongoing build in its Chilean operations, with the Islon plant establishing a clear growth trajectory month on month. The plant upgrades underway are expected to unlock further capacity that could sustain the growth in revenue beyond the current quarter. For investors, the key indicators to watch are whether the plant upgrade benefits materialise as expected in Q4 2026 and into 2027, the trajectory of the Yerbas Buenas operation and any infrastructure-linked demand uplift, and progress on permitting the Blanco y Negro copper-gold asset toward a development-ready status.

FAQs

Q: What does Freehill Mining do?

A: Freehill Mining is an ASX-listed company with a dual strategy in Chile's Region IV. It operates two aggregate quarry and processing sites — Islon and Yerbas Buenas — that supply construction materials to the La Serena and Coquimbo region, while also developing copper-gold exploration assets including the Blanco y Negro deposit and the Joshua and Samuel porphyry projects.

Q: What drove the record October sales?

A: The Islon plant was the primary driver, with its monthly sales contribution growing materially over the four months from July to October 2026. Healthy construction activity levels in the La Serena and Coquimbo region underpinned aggregate demand across both sites.

Q: What plant upgrades are underway at Islon?

A: Islon is being upgraded with an additional vertical shaft impact crusher, new screening technology, and expanded conveyor capacity. These improvements are designed to streamline production, improve material handling, and support higher processing volumes, with benefits expected in the current quarter and beyond.

Q: How does the currency affect reported sales?

A: Freehill's Chilean aggregates revenue is earned in Chilean pesos and converted to Australian dollars for reporting. Changes in the AUD-to-peso exchange rate can affect the reported AUD value of sales. The company noted that September and October results were converted at a higher exchange rate than July and August, reducing the reported AUD figures relative to what they would have been at earlier rates.

Q: What is Blanco y Negro?

A: Blanco y Negro is a copper-gold deposit in Chile's Region IV over which Freehill holds an option. It carries an existing JORC resource at relevant copper and gold grades. The company's strategy is to advance it through permitting to a ready-to-mine status, using cash flow from the aggregates business to support this effort.

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