Latest Divestments News

Coronado Global Resources surged back to profitability in Q2 2026, driven by a 39.3% jump in saleable production and a 27.7% fall in mining cash costs. Buchanan mine hit record half-year output, while Curragh staged a major operational turnaround.

Olympio Metals has completed Phase 2 drilling at its Bousquet Gold Project with 36 new significant gold intercepts, bringing the total to 138. The company also commenced Phase 3 drilling targeting extensions of a high-grade lode and secured an 80% interest in the Jacknife Silver Project in Idaho, USA.

Leeuwin Metals has secured a key mining lease at Evanston, placing all its Marda Gold Project resources on granted leases, while promising drill results and a strategic collaboration set the stage for resource expansion and project development.

Accelerate Resources has reported a new gold discovery at its Balagundi project, strong assay results from multiple prospects, and a significant project expansion, supported by a $2 million capital raise to fund ongoing exploration.

Loyal Metals has secured full ownership of the Highway Reward Copper-Gold Mine and progressed its North American lithium projects, while moving forward with a A$79.1 million cash takeover by PT Bumi Resources.

IGO Limited closed FY26 on a high note with improved safety metrics, rising spodumene prices, and a strategic divestment of its Nova nickel operation. Despite a fire-induced shutdown at Greenbushes, the company maintained robust cash flow and set ambitious FY27 guidance.

Dreadnought Resources is progressing its Star of Mangaroon open pit towards production while nearly doubling high-grade gold resources at Metzke’s Find. The company also extends critical metals potential with strong niobium and rare earth intercepts at Mangaroon.

Verbrec Limited confirms a robust FY2026 with revenues up nearly 50%, while unveiling a bullish FY2027 outlook driven by full-year Alliance Automation integration and expanding project pipelines.

West Wits Mining has achieved a major underground breakthrough at Qala Shallows, unlocking higher-grade ore zones, while completing a comprehensive ZAR 1.115 billion finance package that underpins its production ramp-up.

Dexus has completed the sale of three office properties for $715 million, surpassing its $2 billion divestment target ahead of schedule. The transactions reinforce its disciplined capital management and will reduce gearing by around 2 percentage points.

EQT AB’s controlled entity has raised its indicative offer for Perpetual to A$22.50 per share, a modest increase contingent on the sale of Perpetual’s Wealth Management business and other conditions. The Perpetual Board remains undecided and has not recommended shareholder action.

Union Star Metals has sharpened its exploration focus on the Cobb Creek Gold Project in Nevada, identifying a significant concealed gold target and progressing toward maiden drilling while divesting non-core assets to streamline operations.