Latest Debt News

Pantoro Gold delivered 21,864 ounces from Norseman in the September quarter, while cash and gold rose to $240 million despite $36.3 million of project and exploration spending. Underground staffing recovered, Green Lantern began mining and Racetrack drilling returned further high-grade results.

Genesis Minerals lifted cash and equivalents to A$598 million in the September quarter while maintaining FY27 production and cost guidance. The proposed Vault merger now carries a clear timetable, but its headline A$2 billion synergy potential remains subject to approvals and execution.

Bapcor says its operational reset is beginning to show through, with first-quarter Trade sales up 2.5%, margins improving and net debt falling to $116 million. The recovery remains early, however, with Retail still under pressure and FY27 earnings weighted heavily to the second half.

Fortescue shipped 46.8 million tonnes of iron ore in the September quarter, but sales fell 3.9Mt short as negotiations with China Mineral Resources Group remained unresolved. Costs rose, net debt climbed to US$2.8 billion and inventory is expected to increase further, even as the miner advanced its Blacksmith and green technology projects.

Mirvac has held its FY27 earnings and distribution guidance after a resilient first quarter, despite a marked moderation in residential activity. Occupancy remained at 97%, development milestones advanced and roughly three-quarters of the $200 million buy-back was complete by 20 October.

Evolution Mining delivered record FY26 profit, cash flow and dividends as higher metal prices helped push the balance sheet into net cash. The annual report also sets out a sizeable copper growth program, a proposed Carnaby acquisition and the operational risks that could test the next phase.

Polymetals Resources has doubled its available working capital facility with Ocean Partners to US$20 million after using cash to replace its rehabilitation bond and reporting lower-than-planned September quarter revenue. The additional funding will support development and exploration at the Endeavor Mine, but adds to the company’s near-term financing obligations.

Coronado Global Resources delivered its strongest quarterly earnings since mid-2024 as Curragh’s reset began to reduce costs, but the improvement came alongside a sharp downgrade to 2026 production guidance. Buchanan geology, slower Mammoth ramp-up, plant constraints and port congestion remain the central tests.

Harris Technology has started FY27 with $4.3 million in quarterly revenue, positive operating cash flow and a sharp reduction in borrowings. Refurbished technology accounted for about 60% of sales, although parts delays constrained August and September activity.

Aquirian has more than tripled its NAB equipment funding capacity to $25 million, giving the mining services group room to add fleet for new contracts. It will also use $3.1 million to reduce debt tied to its Wubin facility, while unaudited cash fell to $9.5 million at 30 September.

Vault Minerals generated $95.7 million in underlying free cash flow during the September quarter, while completing its King of the Hills Stage 2 upgrade ahead of schedule and maintaining FY27 production guidance. Operational performance was mixed, with weather, lower grades and underground constraints weighing on output at several sites.

Catalyst Metals delivered record Plutonic Gold Belt production and a sharp lift in earnings during FY2026, while its Ore Reserve base climbed to 1.971 million ounces. The company now has four operating mines, a large cash buffer and a pipeline aimed at doubling annual production, but safety performance and execution remain important tests.