Latest Copper And Gold Production News

Aeris Resources has completed the drawdown of a $60 million Guarantee Facility from Washington H. Soul Pattinson, alongside an extension of its Term Facility, freeing up restricted cash and reinforcing its financial flexibility.

QMines Limited reveals metallurgical test results supporting a doubling of throughput at Mount Chalmers to 2Mtpa, boosting metal recoveries and expanding the mine plan to include Develin Creek and Mount Mackenzie.

AIC Mines has awarded a fixed-price $77.6 million contract to GR Engineering to expand its Eloise processing plant capacity from 725,000 to 1.1 million tonnes per annum, with construction set to begin in October 2025 and commissioning expected by late 2026.

Hammer Metals has reported extensive copper and gold mineralisation over a 600m strike at its Tourist Zone in Mount Isa, alongside promising results at Mt Mascotte and Lex. These findings reinforce the company’s exploration momentum amid a tightening global copper market.

Aeris Resources has secured a $60 million Guarantee Facility with Washington H. Soul Pattinson, replacing its ANZ environmental bonding, and extended its $50 million Term Facility to August 2026 under favourable terms.

Horseshoe Metals is close to completing infrastructure upgrades at its Horseshoe Lights project, setting the stage for imminent copper Direct Shipping Ore operations and gold processing activities.

Kingston Resources has agreed to sell its Misima Gold Project to Ok Tedi Mining for $95 million, strengthening its balance sheet and enabling a strategic pivot towards expanding its Mineral Hill copper and gold operations.

White Cliff Minerals reports a significant high-grade copper discovery at its Rae Project in Nunavut, Canada, with assay results confirming substantial mineralization. The company is advancing exploration with further drilling and geophysical surveys planned for 2025.

Aeris Resources has executed a $60 million refinancing deal with Washington H. Soul Pattinson, extending debt facilities and unlocking working capital, while maintaining its FY25 copper and gold production guidance. The company’s strategic focus on expanding copper output, particularly through the Constellation deposit, signals a confident growth trajectory.

AIC Mines reported solid copper production at Eloise with significant resource upgrades at both Eloise and Jericho, despite weather-related shipment delays. The company is progressing its processing plant expansion with a contract award expected soon.

QMines Limited has raised $6 million through a strongly supported placement, positioning the company to accelerate exploration and development at its Mt Chalmers and Develin Creek copper and gold projects.

Aeris Resources delivered steady copper equivalent production and improved cash flow in the December 2024 quarter, despite operational setbacks at Tritton. The company advances exploration and development projects, positioning for future growth.