Latest Gold News

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.

CZR Resources will not waive a failed shareholder approval condition attached to its takeover offer for Zuleika Gold and plans to seek ASIC consent to withdraw the bid. The offer remains scheduled to close on 6 November unless the regulatory process changes its course.

Kaiser Reef produced 6,263 ounces of gold in the September quarter while lifting cash and bullion to A$40 million and fully repaying its Auramet gold loan after quarter end. Henty replaced mined reserves, while Maldon’s exploration program moved underground despite a negative operating cash contribution.

Turaco Gold has reported high-grade gold extensions at Begnopan and Asupiri-Adiopan, including a 6-metre hit at 18.52g/t, as it prepares to update Afema’s 4.65Moz Mineral Resource. The results remain exploration data rather than a new resource or reserve, but several intersections sit beyond existing models and Ore Reserve boundaries.

Valiant Gold has moved its Comet mine restart from re-entry into a construction and commissioning phase, with power, ventilation and dewatering systems advancing ahead of a H2 FY27 production target. The company ended the September quarter with $62.5 million in cash and term deposits while drilling at Reedy continued to test resource growth.

Ballard Mining has expanded its Mt Ida gold resource by 658,000 ounces to 1.84 million ounces and strengthened its funding position with a post-quarter-end equity raise of up to A$50 million. The pre-production developer is now moving from resource growth towards a feasibility study and maiden Ore Reserve targeted for mid-2027.

Capricorn Metals has reported further high-grade gold intersections at Mt Gibson, with Lexington mineralisation extending beyond current pit and underground designs. The results support a planned maiden underground resource at Lexington later this quarter, but remain exploration results rather than an Ore Reserve.

Carnavale Resources has completed a bankable feasibility study for its Kookynie Gold Project, outlining an 18-month open-pit operation with A$104 million in pre-tax free cash flow at a A$6,000/oz gold price. The project now has a maiden 35.6koz Ore Reserve, but still needs funding, approvals and a third-party processing deal before construction can begin.

CZR Resources shareholders have rejected both approvals needed for the company to acquire Zuleika Gold shares from two major holders, while backing a proposed share buy-back. The vote leaves the broader takeover’s immediate status unclear.

Challenger Gold has completed the first US$15 million tranche of its convertible debenture raise, giving the Hualilan development a near-term funding base. A further US$15.3 million is agreed in principle, but part of it remains subject to shareholder and potentially ASX approval.

Aeris Resources has more than tripled the Golden Plateau mineral resource at its Cracow operation to 200,000 ounces of contained gold, supported by new drilling and a revised geological model. The deposit is not yet an Ore Reserve, but Aeris has begun mine design and permitting work around a potential open-pit and underground development.

Star Minerals has secured a 24-month Ore Purchase Agreement with Forrestania Resources for up to 400,000 tonnes of Tumblegum South mill feed. Haulage of the first batch is scheduled to begin on 23 October, putting the company’s planned first gold pour closer to an operational test.