Latest Australian Gold Producers News

MGX Resources is set to exit its Koolan Island iron ore operation, selling to Crestlink for $20.2 million upfront plus potential revenue share, while shifting focus to gold development.

Haranga Resources has wrapped up its Phase 3 Reverse Circulation drilling at Senegal’s Ibel South, revealing pervasive hydrothermal alteration and pyrite mineralisation consistent with a Birimian-style gold system. Assay results expected by end June will determine the next exploration steps.

Brightstar Resources has given the green light to its Goldfields Project, commencing construction of a 1.5Mtpa processing plant at Laverton. First gold production is slated for June 2027, backed by full funding and regulatory approvals.

Ramelius Resources reported solid March quarter gold production with higher costs driven by earlier commercial production at Dalgaranga, rising diesel prices, and increased royalties. The Mt Magnet plant upgrade advances while exploration highlights support future growth.

Ramelius Resources (ASX: RMS) reported gold production of 38,093 ounces for the March 2026 quarter, maintaining FY26 guidance at the midpoint. The company progressed key projects including early Never Never ore delivery and completed A$110.2 million in share buybacks.

Aurum Resources has raised $28.8 million through a strategic placement led by Perseus Mining, boosting its cash reserves to over $60 million. This capital injection will fund an aggressive drilling campaign and feasibility studies for its key gold projects in Côte d’Ivoire.

Brightstar Resources has completed a US$120 million senior secured bond issue, complementing a recent A$193 million equity raise, to fully fund its Goldfields Project and advance the Sandstone Project towards final investment decision.

Capricorn Metals Ltd has reported a landmark half-year performance with underlying profit before tax soaring 128% to $206.8 million, supported by strong gold production and cash flow. The company also declared its first fully franked interim dividend, signalling confidence in its growth trajectory.

Genesis Minerals has announced a recommended scheme to acquire Magnetic Resources for A$639 million, significantly expanding its gold resource base and advancing its ambitious ASPIRE 500 production goal.

Rox Resources has appointed MACA Interquip Mintrex as the preferred EPC contractor for its Youanmi Processing Plant, marking a key milestone as the project advances towards production. Early engineering and procurement works are underway, with construction set to begin following a Final Investment Decision expected in late Q1 2026.

Ragnar Metals has confirmed impressive high-grade gold assays at its Harnäs Gold Project in Sweden, paving the way for maiden diamond drilling in early 2026. Strategic investments in Australian gold producers further bolster its diversified portfolio amid record gold prices.

Pacific Lime and Cement Limited reports steady progress on its Central Lime Project in Papua New Guinea, securing key government agreements and strategic partnerships while maintaining financial discipline.