Latest Gold News

Tanami Gold has moved its Central Tanami Project into a more active development phase, with Macmahon mobilising for a 3,500-metre Groundrush exploration decline and drilling continuing at Jims. The company ended September with $63.261 million in cash, although development spending lifted quarterly investing outflows to $9.375 million.

Western Gold Resources has lifted Gold Duke’s Production Target by 62% to 59.7koz of contained gold, strengthening the project’s development case. But the company still needs a processing solution and reports only about 1.56 quarters of funding on current outgoings.

Norwest Minerals has completed oxide column leach testing at its Bulgera gold project, recording extraction rates of 80% for highly weathered material and 78% for moderately weathered material. The company is now targeting completion of its delayed Scoping Study in November after raising A$1.89 million for development work.

Carnavale Resources has completed a bankable feasibility study for its 80%-owned Kookynie Gold Project, outlining an 18-month open-pit operation targeting 35.6koz of gold and A$104 million in pre-tax free cash flow. The economics are strong on paper, but funding, approvals, processing arrangements and a final investment decision remain ahead.

Resources & Energy Group has signed the definitive Maranoa mining agreement under which Rembrandt Mining will fund all development, processing and rehabilitation capital. The quarter also delivered high-grade drilling results across East Menzies, although REZ produced no gold and cash fell to A$734,000.

Turaco Gold has secured firm commitments for a A$120 million placement to fund its proposed acquisition of Afema’s remaining 20% interest and push the Côte d’Ivoire project towards a definitive feasibility study. The transaction would simplify ownership, but still depends on shareholder approval and further development funding.

Lac Gold has reported broad and high-grade gold intersections from nine diamond holes at Astoria, including a 50-metre mineralised interval with a higher-grade core. The results are feeding a revised geological interpretation ahead of a Rouyn resource update targeted for Q1 2027.

Tesoro Gold has secured A$40 million from institutional and sophisticated investors to fund development, permitting and exploration at its El Zorro project in Chile. The company will also seek to acquire the remaining minority interest in its Chilean subsidiary, lifting effective project ownership to 95.4%.

Challenger Gold has reset its Hualilan strategy around a larger integrated mine after ending the Casposo toll-milling campaign, while new debt funding extends the project’s runway. The company is targeting early 2029 production, but only A$25.8 million was held in cash at quarter-end and part of the proposed financing remains conditional.

Brightstar Resources says construction of its 1.5Mtpa Laverton processing plant remains on schedule and within budget for first gold in June 2027, while Sandstone continues to expand through drilling and resource upgrades. The September quarter also set up a larger exploration push, backed by an A$82 million placement and Genesis Minerals’ new strategic stake.

Capricorn Metals has completed and commissioned the Karlawinda expansion, lifting the project to a targeted 6.5Mtpa throughput rate while maintaining FY27 production guidance. The company also reported A$113.1 million in quarterly operating cash flow, a larger resource base and federal approval for its next major growth project at Mt Gibson.

New Murchison Gold has struck its highest-grade one-metre RC sample at Garden Gully, with 14 metres grading 231.67g/t gold beneath the Crown Prince open pit. The result sits outside the current resource and near the proposed underground mine design, but its geometry and continuity remain unconfirmed.