Latest Gold News

Bellevue Gold delivered record FY26 production and free cash flow while cutting its hedge book by more than half. The next test is whether higher FY27 output and greater spot-price exposure can convert operational progress into materially stronger cash generation.

Bellevue Gold will spend A$25-30 million on FY27 exploration after its Mineral Resource and Ore Reserve declined year on year, while a slower Barminco ramp-up is expected to cut September-quarter production by 3,000-4,000 ounces. High-grade Deacon North drilling and deeper targets offer a possible longer-term counterweight.

Catalyst Metals has converted the Cinnamon underground discovery into a maiden 232koz Ore Reserve, supporting a 7.5-year mine plan at the Plutonic Gold Belt. The deposit’s total Resource has grown 370% to 541koz, although part of the production target still relies on Inferred material.

New assays from Sinclair Gold’s Mt Henry project extend mineralisation beyond the current 1.8Moz resource at both Mt Henry and Selene. Five rigs are continuing step-out drilling, with 33 holes outside the resource footprint still awaiting assays.

Ramelius Resources has lifted its FY30 production outlook to as much as 610,000 ounces while committing up to A$570 million of growth capital in FY27. The plan puts a larger Mt Magnet processing hub at the centre of the company’s expansion, but also raises the execution and cost stakes.

Lefroy Exploration is considering folding the high-grade portion of its Burns deposit into the Mt Martin Scoping Study, broadening the development case while pushing delivery into the December quarter. At Lucky Strike, a newly granted licence removes one hurdle but several approvals still stand between the mine and a targeted early 2027 restart.

Tesoro Gold has established a maiden 1.28 million-ounce JORC Ore Reserve at Ternera in Chile, entirely within a single open pit. The reserve gives the El Zorro project a 13-plus-year production base, but the next test is funding and permitting a development still at PFS stage.

Western Gold Resources has sharply expanded the proposed Gold Duke mine, lifting its production target by 62% and forecasting A$72.9 million in operating surplus. The preliminary study is stronger on paper, but still depends on funding and the restart of toll treatment at Wiluna.

Meeka Metals has lifted its group Mineral Resource to approximately 1.5 million ounces after adding a maiden 270koz estimate for Mt Holland in Western Australia. The expansion comes with a sharper distinction between exploration potential and mine-ready inventory, as Ore Reserves fell to 355koz after depletion and portfolio changes.

Orezone Gold has outlined a 14-year plan for its newly acquired Casa Berardi mine, targeting 1.63 million ounces of production and an after-tax NPV of US$1.05 billion. The economics are substantial, but the plan remains a preliminary assessment built partly on Inferred Resources and requires significant capital and permitting work.

Toubani Resources has reported high-grade RC drilling at Foroko, a satellite deposit 3km from the Kobada processing plant in Mali. The results are sufficient for Foroko to be considered in an October Mineral Resource Estimate update, but no additional ounces have yet been declared.

Pantoro Gold has extended the interpreted mineralised strike at its Racetrack discovery to about 900 metres, with drilling returning several high-grade intersections. The company will begin a 450-metre exploration decline from the OK Underground Mine in the December 2026 quarter, although Racetrack remains outside the current Mineral Resource and Ore Reserve.