Freehill Mining Hits Record $506K Monthly Sales as Islón Upgrade Nears Completion
Key Takeaways
- Freehill Mining posted record aggregate sales of $506,121 in September 2026, up from $329,422 in July after an extreme weather hit.
- September's record came despite a weaker peso conversion of 656 per Australian dollar versus 610 in July and August, so underlying sales were stronger than the headline.
- The Islón plant upgrade, adding a second VSI crusher and a three-deck screen, is due by the end of October, with a material step change in sales expected from November.
- Freehill reports a material reduction in input costs but disclosed no margin figures, and says detailed margin information is coming soon.
- The Blanco y Negro Mine Plan (1.5 Mt at 1.4% Cu, held under options) goes to Sernageomin at the end of October.
Record $506,121 September sales confirm full recovery
Freehill Mining (ASX: FHS) has reported gross sales of approximately $506,121 for September 2026, which the company described as “another record performance” and a new 2026 peak. The figure follows a rough patch, and it tells you the aggregates business can absorb a shock and bounce back quickly.
The recovery path is clear in the company’s account. A one-off extreme weather event hit July, August was a recovery phase, and the company says September marks a “definitive turnaround”.
Currency matters here too. July and August sales were converted at 610 Chilean pesos per Australian dollar, while September was converted at 656 pesos per Australian dollar, which reduced the Australian-dollar value of September sales. The company says September’s gross sales were therefore actually stronger, despite the adverse currency movement.
Paul Davies, Managing Director
“…we are now very clearly witnessing the dual benefit of record sales while continuing to lower our cost base…”
Three-month sales profile
The table below shows total gross sales across the three months, as presented in the company’s chart.
| Month | Total gross sales (AUD) |
|---|---|
| Jul-26 | $329,422 |
| Aug-26 | $457,162 |
| Sep-26 | $506,121 |
Sales rose from $329,422 in July to $506,121 in September. The company’s chart also splits sales between its Yerbas Buenas and Islón sites.
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Margins and the Islón plant upgrade
Sales are only half the story. Freehill says it has achieved a “material reduction in input costs” through refined operational processes and logistical efficiencies, as part of its ongoing effort to improve margins across the aggregates operations.
No margin figures were disclosed, so the size of the improvement is not yet measurable. The company says it expects to provide more detail soon.
The upgrade at the Islón plant includes:
- A second vertical shaft impact (VSI) crusher brought into the circuit
- A three-deck screen to produce 20 mm and 13 mm gravel and dry industrial sand
- New and redeployed conveyors
- A larger crusher feed hopper
The works are underway and are expected to be completed by the end of October, with benefits expected from November onwards. The upgrade is also expected to restore 13 mm gravel production.
The company expects the higher daily processing volumes to deliver a “material step change” in total sales, along with further margin improvements as economies of scale are realised.
Why Coquimbo/La Serena matters
Freehill describes the Coquimbo and La Serena regions as one of the primary growth corridors in Chile, with robust demand for construction materials. That demand is the reason behind the Islón investment.
Aggregates are crushed rock, gravel and sand used in construction. A plant can only sell what it can process, so higher daily processing capacity can lift sales when demand is already there.
Economies of scale mean fixed costs are spread across more tonnes. If volumes rise, the cost per tonne can fall, which is how the company expects margins to improve.
Blanco y Negro copper project advances
Freehill’s copper plans are moving in parallel. The Mine Plan for the Blanco y Negro project is on track to be submitted to the National Geology and Mining Service (Sernageomin) at the end of October.
Freehill holds options over the Blanco y Negro deposit, not outright ownership. The JORC-2012 resource (a standard for reporting mineral resources) is approximately:
- 1.5 Mt at 1.4% Cu and 0.5 g/t Au
- 20,000t of contained copper
- 24,000oz of contained gold
The company sees an opportunity to consolidate other similar projects in the region to deliver greater scale into its copper portfolio. Processing through existing third party plants in the region is its preferred option, given reduced operating risks and capital requirements.
For readers wanting to follow the copper side of the story, our detailed coverage of the Blanco y Negro copper-gold project walks through the technical milestones that preceded the Mine Plan submission.
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What’s next for Freehill
Chairman Ben Jarvis signalled that more financial detail is coming.
Ben Jarvis, Non-Executive Chairman
“…we will very soon be in a position to provide more detailed financial information with a focus on margins and great look-through of the numbers. We look forward to sharing more regular updates…”
For investors, the margin disclosure is the missing piece. The catalysts the company has pointed to are:
- Completion of the Islón plant upgrade, expected by the end of October
- Expected benefits from the upgrade from November onwards
- Submission of the Blanco y Negro Mine Plan to Sernageomin by the end of October
Ready To Learn More About Freehill Mining’s Record Sales And Copper Growth?
Freehill Mining (ASX: FHS) has posted record September sales of $506,121 while the Islón plant upgrade and the Blanco y Negro copper project move towards key October milestones. Lower input costs and rising processing capacity point to a business building momentum.
Explore the Freehill Mining company page on Discovery Alert to see the latest updates on its aggregates operations and copper portfolio. Stay informed as the next catalysts unfold.