Latest Copper Mining News

Cobre has completed its A$90 million capital raise, including an approximately A$17.7 million second tranche backed by its two largest shareholders and directors. The proceeds will support Sierra Atacama ownership, debt repayment, plant upgrades and exploration in Chile and Botswana.

Alara Resources has swung from a $19.03 million loss to a $19.67 million net profit after tax as its Oman copper operation generated $135.35 million in revenue. The turnaround comes with a material going-concern uncertainty, planned further equity funding and a legal appeal due in November.

Revolver Resources has taken its Dianne Copper Mine Project from study towards construction readiness, with a larger resource, secured approvals and a forecast $125.7 million pre-tax cash flow. But the restart still depends on project-level funding before a Final Investment Decision can be made.

Global X Copper Miners ETF delivered a sharp rise in annual profit as copper-mining equities lifted fair values and investor applications accelerated. The result was dominated by market gains rather than recurring income, leaving the fund highly exposed to further moves in copper shares and currencies.

Golden Globe Resources has reported a $2.23 million FY2026 loss after funding its first year as an ASX-listed explorer, while Dooloo Creek drilling confirmed copper-gold mineralisation. The company ended the year with $3.55 million in cash and says its near-term plans are funded, though further capital may eventually be required.

Medallion Metals has shifted from project preparation to execution, with Ravensthorpe fully permitted, Forrestania acquired and Cosmic Boy refurbishment underway. The transition is funded by cash, equity and a US$50 million Trafigura facility, but production delivery and rehabilitation liabilities remain substantial tests.

Cosmo Metals has contracted Durock Drilling for up to 2,200 metres of maiden reverse-circulation drilling at the Mona prospect in New South Wales. The campaign will test whether exceptional copper, gold and silver grades from historic mine dumps reflect mineralisation continuing beneath the old workings.

Infinity Metals has reported a sharply smaller FY2026 loss as it shifts its exploration focus towards the United States and Australia. The pivot follows rejection of its San José mining licence application, a A$2.25 million placement and a growing portfolio of early-stage copper, molybdenum and tin targets.

Lycopodium has secured a A$49.4 million EPCM contract to lead the preproduction delivery phase of Greatland Resources’ Havieron gold-copper project in Western Australia. Work has already begun under a limited notice of award issued in June.

Cazaly Resources has refined two magnetic targets at its Abenab North project in Namibia, clearing the way for planned maiden drilling of potential rare earth, copper and base-metal mineralisation. A third target, Cadix, has been downgraded after historic mapping errors were identified.

Revolver Resources says it knows of no undisclosed information behind a sharp rise in its shares and trading volume. The company pointed only to ongoing work at the Dianne Copper Mine and progress towards a positive Final Investment Decision.

Argent Minerals has kicked off its first-ever drilling campaign at the Trunkey Creek Gold Project in New South Wales, targeting a priority zone within a 4.7km gold-mineralised corridor beneath historic workings.