Latest Australian Gold Producers News

Westgold Resources has transformed into a top five Australian gold producer following its merger with Karora Resources, delivering record gold production and declaring a 3-cent final dividend.

Genesis Minerals delivered a standout FY25 with a 256% surge in EBITDA and a strategic A$250 million acquisition of Focus Minerals' Laverton Gold Project, setting the stage for accelerated growth and margin protection.

Albion Resources has completed the sale of its Mongers Lake Project to Capricorn Metals for A$1.5 million, combining cash and shares, while positioning itself to accelerate exploration at its promising Yandal West Gold Project.

Brightstar Resources has unveiled a robust multi-hub expansion strategy in Western Australia, boosted by its strategic acquisition of Aurumin Limited. The company targets a significant production increase to 200,000 ounces of gold annually by 2029.

GBM Resources has raised $13 million through a two-tranche placement, repaid $6.2 million in convertible debt, and completed a significant board restructure to accelerate exploration at its Drummond Basin gold projects.

Capricorn Metals has announced a definitive plan to acquire Warriedar Resources, consolidating key Western Australian gold assets and enhancing production capacity. The all-scrip deal offers Warriedar shareholders a 29% premium and positions Capricorn for a combined 9.1 million ounce gold equivalent resource.

Brightstar Resources has announced the strategic acquisition of Aurumin Limited, consolidating the Sandstone gold district and raising $50 million to accelerate exploration and development. This deal positions Brightstar as a growing mid-tier gold producer with a robust multi-hub growth strategy.

GBM Resources has received the initial $400,000 payment from Lithium Energy as part of a staged $3.2 million sale of its Mt Morgan Gold-Copper Project, marking a key step in its strategic asset divestment.

Brightstar Resources has unveiled a definitive feasibility study for its Laverton-Menzies gold projects, outlining a clear growth trajectory targeting 70,000 ounces annually over five years and aiming for 200,000 ounces by 2029.

GBM Resources secures $13 million through a strategic placement, repays $6.2 million in debt, and restructures its board to accelerate exploration in the Drummond Basin. The company also regains full ownership of the Twin Hills gold asset, positioning itself for growth.

Spartan Resources Limited shareholders are set to vote on a scheme of arrangement for Ramelius Resources Limited to acquire all Spartan shares, creating a leading Australian gold producer with a pro forma market capitalization of $5.3 billion.

Horizon Minerals has acknowledged an unintentional breach of ASX Listing Rule 15.7 after sharing details of a $30 million placement with the media before the official market announcement.