Latest Gold Mining News

Wiluna Mining has emerged from a disrupted September quarter with a $180 million IPO, no secured debt and a renewed exploration program. The transformation came after a CIL tank rupture halted processing, drove 91 redundancies and left the company with $18.7 million in cash at quarter end.

Tribune Resources generated $8.0 million of operating cash in the September quarter, lifted its cash balance to $11.8 million and declared a fully franked 20 cents per share dividend. The result came despite an 11% quarter-on-quarter fall in group gold mined as lower grades weighed on output.

Cavalier Resources has moved its Crawford Gold Project from permitting into execution, with primary mining approvals secured and site preparation underway. The next test is funding: the proposed A$23 million package remains under negotiation while the company holds A$2.694 million in cash.

Resolute Mining delivered 44,398 ounces of gold in the September quarter, while elevated costs and weaker shipments reduced EBITDA and net cash. Doropo construction and exploration advanced, but Syama’s recovery and the company’s full-year guidance now hinge on a stronger final quarter.

Meeka Metals increased September-quarter gold production to 7,237oz while generating A$13.5 million in mine operating cash flow and ending the period with A$51.2 million in cash. The company is now moving from open-pit mining towards a two-underground-mine operation, with first ore from Fairway targeted for January 2027.

Forrestania Resources has completed its Edna May acquisition, raised approximately $310 million and secured a 62.04% relevant interest in Zenith Minerals. The company is now moving from development toward first processing at Edna May in the December quarter, while Lake Johnston refurbishment continues.

West African Resources delivered record quarterly gold production of 127,950 ounces and generated A$458.2 million in operating cash flow, lifting cash to A$1.195 billion. The strong quarter keeps 2026 production guidance within reach, while Kiaka’s explosives constraint and a pending ownership transaction remain key execution issues.

Vault Minerals delivered record FY2026 earnings, generated A$887.9 million in operating cash flow and ended the year debt-free before agreeing to combine with Genesis Minerals. The company now enters FY2027 fully exposed to spot gold prices, with its Leonora expansion and merger vote setting the next major tests.

Perseus Mining delivered 92,551 ounces in the September quarter, exceeding its Q1 FY27 production plan while retaining full-year guidance. The bigger catalyst is Nyanzaga, now 88.4% complete and still targeting first gold in January 2027, as the company expands shareholder returns.

St Barbara is positioning itself as a debt-free Nova Scotia gold developer after agreeing to sell its remaining New Simberi interest to Lingbao for A$453 million in cash and capital repayments. The deal could fund a larger 15-Mile project while leaving shareholders with a possible special dividend and buy-back, but completion and distributions remain conditional.

Aureka shareholders have backed the proposed acquisition of the Fiddlers Creek Gold Mine and Wedderburn Gold Processing Mill with 51.6 million votes in favour and just five against. Completion is expected around 30 October, subject to remaining transaction conditions.

Wiluna Mining has repaid its remaining approximately $40 million Byrnecut loan from IPO proceeds, leaving the gold developer with no secured debt or borrowings. The company now plans 220,000 metres of drilling over two years to support potential underground and open pit restarts.