Latest Capital Projects News

Ora Banda Mining delivered a record 39,552 ounces of gold in the June quarter, meeting full-year guidance with 141,000 ounces produced. The company generated strong operating cash flow and unveiled a transformational growth plan targeting 300koz annual production by FY29.

Rio Tinto reported a 3% year-on-year increase in copper equivalent production for H1 2026, driven by Oyu Tolgoi’s 31% growth and record iron ore output in the Pilbara, while maintaining full-year guidance amid geopolitical headwinds.

Kaiser Reef delivered 6,000 ounces of gold in Q2 2026, resolved operational issues at Henty, cut debt by nearly $2 million, and bolstered its balance sheet with a A$37.2 million cash position.

Pantoro Gold's FY2026 gold output fell below expectations due to contractor and labour shortages, prompting a strategic operational review. The company targets 90,000 to 105,000 ounces in FY2027 with a stabilisation-first approach and significant investments in new ore sources and infrastructure.

Bellevue Gold delivered a strong June 2026 quarter, surpassing production targets and slashing hedge commitments, boosting cash reserves and positioning for growth in FY27.

Northern Star Resources has met its revised FY26 gold sales guidance with a strong June quarter performance and remains on track with the KCGM mill expansion. The company also announced the appointment of Suresh Vadnagra as its next CEO, effective October 2026.

Boab Metals has begun dismantling the DeGrussa processing plant to relocate it to Sorby Hills, with first silver-lead concentrate production targeted for the second half of 2027. Key infrastructure is progressing ahead of schedule, and an updated Project Delivery Plan will reflect higher silver prices and extended mine life.

Vault Minerals has fully settled its remaining gold hedge positions, paying $31.2 million from cash reserves with no shareholder dilution. This move leaves the company entirely unhedged, maximizing its exposure to current gold prices.

Vault Minerals is on track to meet FY26 production targets with a strong focus on expanding its King of the Hills operation and progressing a merger with Regis Resources, positioning itself as a senior gold producer.

Fonterra’s FY26 Q3 results show a $1.8 billion operating profit, up $103 million year-on-year, prompting an uplift and narrowing of earnings guidance. The co-op also announced a stable 2026/27 Farmgate Milk Price forecast amid rising milk collections and ongoing geopolitical risks.

Zimplats acknowledges Zimbabwe’s classification of platinum group metals as critical minerals and commits to working with the government to navigate the new policy framework while supporting local value addition.

Brightstar Resources is poised to hit a major milestone with a Final Investment Decision expected in June 2026, paving the way for first gold production by mid-2027 at its Goldfields Project in Western Australia.