Latest Challenger Gold (ASX:CEL) News

Challenger Gold Limited reported a challenging quarter ending December 2025, with significant cash outflows from operations and investing activities, yet maintains a strong cash position supported by a convertible debenture facility.

Challenger Gold has secured a 24-month mining contract with MAPAL for its Hualilán Toll Milling phase, with mobilisation complete and production drilling underway. The project is on track to commence mining by December 1, aiming to generate early cash flow amid strong gold prices.

Challenger Gold Limited advances its Hualilan Gold Project with commissioning of the Casposo Toll Milling plant and key operational contracts, while Ecuador projects gain value following Lumina Gold’s takeover. A $30 million placement strengthens funding for upcoming milestones.

Challenger Gold Limited reported a solid cash position of A$27.7 million for Q3 2025, backed by strong financing activities and a funding runway exceeding five quarters. The company’s strategic financing arrangements underpin its ongoing exploration ambitions.

Challenger Gold Limited invites investors to a webinar where CEO Kris Knauer will discuss the recent capital raise and outline the company’s near-term gold production plans at Hualilan.

Challenger Gold has raised A$30 million through an institutional placement to fund the ramp-up of its Hualilan gold project and support an extensive drilling campaign ahead of first production in early 2026.

Challenger Gold has secured critical drilling and explosives contracts and completed refurbishment of the Casposo Toll Milling plant, marking a pivotal step toward early gold production at its Hualilán project in Argentina.

Challenger Gold has secured the final Environmental Impact Assessment amendment for its Hualilán Gold Project, enabling ore haulage and toll milling at the Casposo plant. This milestone unlocks a low-capital pathway to early cash flow while advancing the project’s development.

Challenger Gold’s Argentinian subsidiary has obtained the crucial explosives permit to begin drill and blast operations for toll milling at the Hualilan Gold Project, unlocking near-term cash flow potential. The company’s recent Pre-Feasibility Study underscores robust economics, setting the stage for accelerated development.

Challenger Gold has completed a Pre-Feasibility Study for toll milling at its Hualilan Gold Project in Argentina, revealing strong economics with low upfront capital and rapid payback. The company also secured A$37.5 million in equity funding to advance development and strengthened legal protections for its Ecuador projects.

Challenger Gold Limited reported a strong quarter with significant financing inflows boosting its cash reserves to nearly $27 million, ensuring operational funding for over six quarters. Despite ongoing cash outflows from operations and investing, the company’s liquidity position remains robust.

Challenger Gold Limited’s major shareholder, the Elsztain Group, has increased its commitment in the company’s institutional placement, raising the total capital raise to $37.5 million. This move signals strong insider confidence ahead of a shareholder vote.