Latest Gold Mining News

Minerals 260 has secured $250 million from institutional and sophisticated investors to advance its 6.2Moz Bullabulling Gold Project, with Franco-Nevada committing $30 million as a cornerstone investor. An additional $30 million shareholder offer and project debt remain part of the funding plan before a targeted early 2027 investment decision.

Emerald Resources has secured lender backing for a US$200 million acquisition facility that could expand to US$400 million, while saying its existing cash position will fund the Dingo Range and Memot developments. No acquisition has been announced, but the mandate gives the gold producer a larger pool of capital for future deals.

Catalyst Metals has increased the Trident underground Ore Reserve by 32% to 524,000 ounces, supporting a planned mine life of more than 10 years. The result strengthens the company’s ambition to build a 2Moz Reserve base across the Plutonic Belt, although further growth depends on drilling and mine execution.

Alkane Resources has lifted group Ore Reserves to 1.374 million ounces after exploration and resource conversion replaced depletion across its operating portfolio. The FY26 update also puts Björkdal’s open-pit restart and Costerfield’s extended mine life into sharper focus.

Pan African Resources expects FY26 EPS to rise as much as 151% and headline EPS to more than triple, driven by higher realised gold prices and sales. The company also projects further production growth in FY27, with formal results due next week.

St Barbara will sell its remaining New Simberi interest and Tabar Islands exploration exposure to Lingbao for A$453 million in cash, while retaining royalties over future production. The deal could leave the gold developer with about A$880 million in cash, but completion still depends on regulatory and potentially shareholder approvals.

Focus Minerals has declared its first dividend, a fully franked A$0.08 per share payment worth approximately A$22.9 million. The distribution follows the A$250 million sale of the Laverton Gold Project and improved production from the Bonneville Underground Mine.

West African Resources delivered A$437 million in first-half net profit after tax as Sanbrado and Kiaka combined for their first full six months of production. The gold miner will return A$228.8 million to shareholders while accelerating debt repayments.

Native Mineral Resources has told ASX it is unaware of any undisclosed information behind recent trading in its shares. The company pointed to record August gold output, a Citigold joint venture, Blackjack drilling results and stronger gold prices instead.

Brightstar Resources says construction of its 1.5Mtpa Laverton processing plant remains on schedule and within budget, with first gold still targeted for June 2027. The update also marks the end of underground mining at Second Fortune as the company shifts towards commissioning and new mine development.

Rox Resources has increased Youanmi’s Ore Reserve by 8% to 727,000 ounces after mining depletion, while the broader Mineral Resource edged up to 2.195 million ounces. The update excludes results from recent surface and underground drilling programs, leaving future revisions as a potential source of change.

Aureka Limited is set to become a gold producer after signing a binding agreement to acquire High Grade Holdings, including the Fiddlers Creek underground mine and Wedderburn processing mill in Victoria. The majority scrip, low cash deal valued at $8.9 million unlocks immediate production and processing capacity for Aureka’s Victorian gold projects.