Latest Gold Mining News

Cavalier Resources has signed a non-binding US$11 million streaming finance term sheet with Raptor International to fund the Stage 1 open pit development of its Crawford Gold Project, backed by a robust updated Pre-Feasibility Study.

Western Gold Resources has made significant strides in advancing its Gold Duke Project, securing a preferred mining contractor with a deferred payment facility and raising over $1.7 million in capital to support development towards production.

Tribune Resources delivered steady gold output and continued underground development in the March 2025 quarter, while improving cost efficiency and maintaining positive cash flow. Exploration drilling at key prospects promises potential resource upgrades ahead.

Rand Mining reported a solid March quarter with 4,909 ounces of gold produced and ongoing underground development, though cash reserves dipped to $2.33 million reflecting operational pressures.

Kaiser Reef Limited has announced a transformative acquisition of the Henty Gold Mine from Catalyst Metals, alongside a substantial capital raise and operational advancements, positioning the company for significant growth in gold production.

Flagship Minerals’ metallurgical review of the Pantanillo Gold Project highlights strong gold recoveries from oxide mineralisation and suggests a pathway to low capital and operating costs through heap and dump leach processing.

Odyssey Gold has initiated a Technical Study to explore mining and processing strategies for its Tuckanarra Project, leveraging a new partnership with Monument Murchison Ltd to potentially process ore at the nearby Burnakura Mill.

Savannah Goldfields is advancing plans to resume gold production by July 2025, backed by a $9.1 million capital raise and strategic leadership appointments. The company aims to capitalise on high gold prices by processing stockpiled ore at its Georgetown plant before restarting mining operations.

Emerald Resources NL reported a solid March quarter with 19.1Koz gold production at Okvau, full debt repayment, and significant resource expansions at its Cambodian and Australian projects.

Alkane Resources delivered steady gold production and cash flow in Q3 FY2025 at Tomingley, while announcing a transformative merger with Mandalay Resources to build a diversified Australian gold and antimony producer.

Cavalier Resources has extended its non-binding $11 million US stream finance term sheet with Raptor International, aiming to fully fund the development of the Crawford Gold Project Stage 1 open pit and near-mine drilling. A revised Pre-Feasibility Study underscores strong project economics with a 580% IRR and a 9-month payback period.

Catalyst Metals has agreed to sell its Henty gold mine, focusing resources on expanding its Plutonic Gold Belt projects with promising exploration results and first ore from Plutonic East. The company maintains a strong cash position of A$98 million while advancing low-capital developments to double production.