Latest Gold News

Bellevue Gold has kept FY27 production and cost guidance intact despite a slower-than-expected mining contractor ramp-up that reduced September-quarter output to 35,585 ounces. The company also cut forward sales commitments to 57.5koz, increasing its future exposure to spot gold prices while capital spending weighed on free cash flow.

Emerald Resources delivered a sharp lift in FY26 profit as its Okvau gold mine generated the cash to fund two new developments. The debt-free, unhedged producer is now moving Dingo Range and Memot from permitting and study work towards construction, while warning that key reserves and timing milestones are still ahead.

ActivEX has increased the Mt Hogan project’s Inferred Mineral Resource by 30% to 403,000 ounces of contained gold, even after accounting for historical mining. The gain is encouraging, but the estimate remains global and Inferred, with coarse-gold sampling and data-quality gaps still limiting confidence.

Medallion Metals is moving towards first gold production, with Cosmic Boy processing scheduled to begin this month and initial sales expected in November. At Kundip, the first box-cut blast is complete and underground development remains targeted for December.

Forrestania Resources says Edna May could process first ore and begin gold production in mid-December 2026, bringing forward the company’s near-term production pathway. The target remains conditional on final equipment arriving and being installed on time.

Santana Minerals has moved the Bendigo-Ophir Gold Project closer to development, with a draft Fast-track Approvals decision expected in the December quarter and a competitive project debt process now underway. Strong Rise and Shine drilling and an A$179.7 million quarter-end cash balance provide further support, although construction remains conditional on approvals, financing and a final investment decision.

Black Cat Syndicate has reported a 1.46-metre interval grading 47.05g/t gold from infill drilling at Coyote Central, supporting confidence in parts of the existing resource. The company is pausing further Coyote work for the rest of FY27 to redirect capital to Paulsens and Kal East.

Matsa Resources says all conditions have been satisfied for AngloGold Ashanti’s acquisition of five Lake Carey tenements, putting a further A$45 million payment within 15 business days. The final settlement amount has not yet been received.

Rokeby Resources has extended a high-grade mineralised shoot at its Mt Wills Goldfield in Victoria, with a new intercept of 0.3 metres at 138 g/t gold. The result arrives as the company prepares an updated JORC 2012 resource estimate and awaits four more holes from its maiden drilling campaign.

Odyssey Gold has terminated its toll milling agreement with Gylden Resources after a dispute with its Tuckanarra joint venture partner over the authority to sign the deal. A replacement agreement remains under discussion, leaving the project’s proposed processing pathway unresolved.

Valiant Gold has pushed dewatering at its Comet mine to 170 metres below surface, while core facilities, ventilation and power infrastructure move into place. The company continues to target first production in the second half of FY27, with several execution milestones due in Q2 FY27.

Zenith Minerals has reaffirmed its support for Forrestania Resources’ takeover, arguing that the completed Edna May acquisition and A$310 million capital raising outweigh a sharply lower implied offer value. The recommendation comes with a clear split: long-term shareholders may favour the combination, while shorter-term holders may reasonably reject it.