Latest Gold Mining News

Ramelius Resources has kept its FY27 production and cost targets intact despite wet-weather disruption at Penny, while advancing the infrastructure needed for a much larger Western Australian gold operation. The company ended September with A$768 million in cash and gold and secured an EPC contractor for its planned 3Mtpa Mt Magnet expansion.

Westgold Resources delivered record FY26 production, earnings and cash generation while expanding its gold reserves and laying out a path towards 500,000 ounces a year. The challenge now shifts from funding growth to executing a crowded pipeline of mine, mill and exploration projects without losing operational discipline.

Geopacific Resources has secured access to $8 million from major shareholder Deutsche Balaton AG through four unsecured bonds, giving the Woodlark development team funding as it works towards a Final Investment Decision. The facility is flexible, but carries a 15% annual interest rate and matures in June 2027.

Black Cat Syndicate maintained its FY27 production and cost guidance despite a capital-heavy quarter that pushed cash and liquid investments down by A$27.7 million. Paulsens remained steady, while Kal East’s ramp-up and a new A$30 million cash improvement program now dominate the execution story.

Ora Banda Mining (ASX:OBM) kept its FY27 guidance intact despite weather disruption and an extended mill shutdown lifting quarterly AISC to A$4,214 an ounce. The company is spending heavily to build its next production phase, with the new 3.0 Mtpa plant on schedule and Waihi Underground starting ahead of plan.

Pantoro Gold delivered 21,864 ounces from Norseman in the September quarter, while cash and gold rose to $240 million despite $36.3 million of project and exploration spending. Underground staffing recovered, Green Lantern began mining and Racetrack drilling returned further high-grade results.

Genesis Minerals lifted cash and equivalents to A$598 million in the September quarter while maintaining FY27 production and cost guidance. The proposed Vault merger now carries a clear timetable, but its headline A$2 billion synergy potential remains subject to approvals and execution.

New Murchison Gold will return approximately $27 million to shareholders through its first fully franked dividend, following a strong first operating period at Crown Prince. The 0.25 cents-per-share payment is backed by reported cash generation and forecast flows from Crown Prince and Cloudkicker.

Vault Minerals generated $95.7 million in underlying free cash flow during the September quarter, while completing its King of the Hills Stage 2 upgrade ahead of schedule and maintaining FY27 production guidance. Operational performance was mixed, with weather, lower grades and underground constraints weighing on output at several sites.

Catalyst Metals delivered record Plutonic Gold Belt production and a sharp lift in earnings during FY2026, while its Ore Reserve base climbed to 1.971 million ounces. The company now has four operating mines, a large cash buffer and a pipeline aimed at doubling annual production, but safety performance and execution remain important tests.

GoldArc Resources has secured approval for the western haul road and expanded accommodation village needed to support mining at Mt Stirling and Mt Stirling Well. The project is now described as fully permitted and shovel ready, although a mining start date and processing arrangement remain unresolved.

Westgold Resources has completed a A$33.3 million infrastructure program at Beta Hunt, where an annualised 2Mtpa mining rate was reached in September. The company is now targeting sustained performance at that rate from Q2 FY27, while warning that the mine’s original life-of-mine ventilation system still requires repair, recommissioning or replacement.