Latest Commodity Prices News

Alkane Resources has reported a transformational FY2026, with the Mandalay merger helping lift revenue to A$935.8 million and profit after tax to A$228.7 million. The enlarged gold and antimony producer has also declared its first dividend and approved a buy-back, while setting broadly stable production guidance for FY2027.

Iltani Resources has secured firm commitments for a $4.6 million placement, anchored by a $1.5 million investment from QIC’s Queensland Critical Minerals Fund. The funding will support a 145-hole drilling program at the Orient Silver-Zinc-Indium Project before the wet season, with further work planned in 2027.

Stonehorse Energy returned to profit in FY2026 as Canadian production and oil exposure lifted revenue, while the company sold its US assets after year-end. The next test is whether Drumheller can convert production growth into sustainable cash flow while carrying new debt.

QMines has moved its Mt Chalmers copper-gold project into a Definitive Feasibility Study after securing a $15 million strategic package from QIC. The development push comes alongside a larger annual loss, $9.21 million in operating cash outflow and continued reliance on future funding.

Golden Deeps has reported high-grade polymetallic results at its Graceland prospect in Namibia while stepping up deeper drilling across an 800-metre target corridor. The explorer ended FY2026 with $4.218 million in cash, but remains dependent on exploration success and future funding.

Strickland Metals has lifted its Rogozna resource to 9.25 million ounces of gold equivalent, but the exploration company also reported a A$10.39 million FY2026 loss. The cash balance rose sharply after a A$55.11 million placement as the company prepares for studies, permitting and a leadership transition.

Larvotto Resources has extended high-grade antimony-gold-tungsten mineralisation at Clarks Gully about 100 metres beyond its 2025 resource model, with drilling also identifying several hanging-wall lodes. The results could support a larger resource and a potential underground feed source for Hillgrove, but assays, modelling and permitting work remain outstanding.

Amplitude Energy has approved development of its East Coast Supply Project, targeting first gas in 2028 and gross production of up to 90 TJ a day. The decision also adds an exploration well to the campaign, lifting FY27 capital expenditure guidance by up to $80 million.

Valiant Gold’s first annual report shows a newly listed gold company with $62.8 million in cash, no debt and two Western Australian projects moving from demerger to execution. The immediate test is whether Comet can be restarted while drilling at Reedy converts resource potential into something mineable.

Hot Chili’s La Verde copper-gold discovery has expanded rapidly enough to become a cornerstone of the Costa Fuego project, while new funding gives the company room to pursue the next studies and permits. The key test now is whether drilling can translate into a maiden resource and a credible development case.

Ballymore Resources enters FY2027 with Dittmer moving towards underground resource drilling, bulk sampling and trial mining, while Torpy’s has emerged as a second high-grade polymetallic opportunity. The progress came alongside a $3.10 million loss, a $10.92 million royalty liability and a disclosed material uncertainty over ongoing funding.

High Peak Royalties reported a A$1.59 million FY26 profit after completing its Northstar transaction, which generated a A$1.90 million accounting gain. The underlying royalty business was softer, with royalty revenue and operating cash flow both declining year on year.