Latest Copper Mining News

AIC Mines delivered record FY26 revenue, profit and operating cash flow while advancing Jericho and the Eloise processing plant expansion. The growth plan is gaining operational momentum, but it is also increasing debt, execution demands and exposure to copper and diesel prices.

Kantra Copper delivered a fifth consecutive quarter of higher copper production, with net group cash flow rising 72% to $14.2 million and cash reaching $44.1 million. The ASX-listed miner also began Emily Star development and moved its Coburn project closer to a pre-feasibility study.

Bougainville Copper’s half-year loss widened to K13.4 million as operating cash outflows accelerated and a one-off partner termination fee added to costs. The company also faces continuing uncertainty over its rights to the Panguna mine after its exploration licence was subordinated to a new 25-year mining lease.

Capstone Copper will sell its Cozamin copper-silver-zinc-lead mine in Mexico to Luca Mining for up to US$385 million, including US$275 million in upfront cash. The proposed divestment is designed to strengthen Capstone’s balance sheet and redirect capital towards its growth pipeline.

Kantra Copper (ASX:KAN) showcased a robust growth strategy at the Copper to the World Conference, spotlighting its Kanmantoo mine extension, Emily Star development, and advancing exploration projects. The company maintains strong production guidance and financial health amid a tightening copper market.

Capstone Copper has boosted its Atacama presence by acquiring the San Pietro copper project, adding 16,000 hectares and nearly half a billion tonnes of inferred resources to its Mantoverde-Santo Domingo district.

Cobre Limited’s Chilean subsidiary has increased its ownership in the Sierra Atacama Copper Project to 62.86%, positioning the company for expanded copper output amid rising global demand.

Austral Resources Australia Ltd has swung from a $24.2 million loss to a $25.3 million profit in the first half of 2026, boosted by strategic acquisitions, capital raises, and operational shifts. The company is advancing its Rocklands restart and has proposed acquiring Hammer Metals to expand its copper footprint.

Sandfire Resources Ltd (ASX:SFR) posted a 41% revenue jump to $1.65 billion and a 282% surge in net profit to $355.8 million for FY26, driven by strong operational performance and robust commodity prices. The company declared a fully franked 35 Australian cents per share dividend and advanced its Kalkaroo Copper-Gold Project with a $70 million pre-feasibility study underway.

South32 has boosted the Sierra Gorda copper mine’s Ore Reserves by 61%, extending its reserve life by five years to 2045, underpinned by extensive infill drilling and a planned processing expansion.

True North Copper Limited (ASX:TNC) has opened a Share Purchase Plan allowing eligible shareholders to buy up to $30,000 of shares at $0.37 each, a 14% discount to recent trading prices. The SPP complements an institutional placement, targeting a combined raise of $20 million to fund the Mt Oxide Copper Project.

KGL Resources has completed a A$300 million equity raise, fully funding the Jervois Copper Project through construction and into production, with key contracts signed and development activities underway.