Latest Gold Market News

Novo Resources Corp has disclosed the distribution schedule and top 20 holders for its recently issued free-attaching options as part of its Tranche 1 placement, shedding light on shareholder concentration and potential capital impact.

Cygnus Metals has successfully raised A$25 million through a well-supported placement to fund resource expansion and technical studies at its Chibougamau Copper-Gold Project in Canada.

OzAurum Resources has kicked off an 18,000-metre drilling campaign at its Mulgabbie North Gold Project, aiming to confirm high-grade gold zones and accelerate its pathway to production.

Australasian Metals has lodged a new exploration permit application near its Mt Clermont and Capella projects, targeting multiple promising gold prospects in Central Queensland. The move builds on its existing inferred gold resources and aims to capitalise on strong gold market conditions.

Kaiser Reef Limited has completed delivery of all gold call options tied to its Henty Gold Mine acquisition, removing price caps and positioning the company to benefit fully from rising spot gold prices.

Westgold Resources Limited delivered a standout half-year performance, posting record revenue and profit driven by soaring gold prices and increased production, while becoming debt free and streamlining its asset portfolio.

Pantoro Gold has announced a significant on-market share buy-back of up to 10% of its shares, leveraging strong cashflow from its Norseman Gold Project to enhance shareholder value while funding growth.

Codan Limited has reported a robust half-year performance for FY26, with revenue climbing 29% and net profit after tax jumping 55%, underpinned by strong demand in communications and metal detection sectors. The company also announced a 56% increase in its interim dividend, signalling confidence in sustained growth.

North Stawell Minerals is broadening its gold exploration strategy beyond Victoria, aiming to capitalise on strong gold prices with a diversified Australian project pipeline.

Kaiser Reef Limited has raised its production target at the Henty Gold Mine to 35,000 ounces per annum by late FY2027 while accelerating exploration and development activities at its Maldon Gold Project, all funded through operational cash flow.

Auric Mining has reported its initial gold outturn of 1,147 ounces from the Munda Starter Pit, marking a promising start to its 2026 production campaign with gold valued at over $8 million.

Black Cat Syndicate has appointed James Bruce as its new Managing Director, signaling a strategic leadership transition aimed at advancing its multi-site gold production and growth ambitions.