Latest Gold Mining Development News

West Wits Mining has locked in a comprehensive ZAR 1.115 billion project finance package with Absa Bank and Nedbank CIB, clearing a critical hurdle toward steady-state gold production at Qala Shallows by late 2028.

West Wits Mining has locked in a ZAR 875 million senior loan facility with Absa and Nedbank, replacing earlier funding and boosting support for its Qala Shallows project; the first new South African gold mine in over 15 years.

West Wits Mining has poured its first gold from the Qala Shallows project in South Africa, marking a pivotal shift from development to production. This milestone positions the company as the newest gold producer in the historic Witwatersrand Basin.

Great Divide Mining has raised $2.5 million through a share placement to fund development at its Challenger Gold Mine and progress other key projects.

MetalsTech Limited has strengthened its balance sheet with a $3.3 million strategic placement and cleared debt, pushing forward the Pre-Feasibility Study for its Sturec Gold Mine in Slovakia. The study is on track for completion by year-end, aiming to unlock significant project value.

MetalsTech Limited’s substantial shareholders have finalized an off-market sale of 23.6 million shares, raising over $11 million and reshaping the company’s ownership landscape.

Genesis Minerals has secured regulatory approval for Stage One mining at Tower Hill, aligning the project with its mill expansion plans and setting the stage for production in FY28.

New Murchison Gold Limited reports a series of high-grade gold intersections from regional drilling across multiple prospects in Western Australia's Abbotts Greenstone Belt, signaling promising growth beyond its flagship Crown Prince Gold Mine.

MetalsTech Limited’s executive director and spouse have sold over 23 million shares to three new private mining investors, injecting nearly A$11.2 million and potentially accelerating development of the Sturec Gold Mine.

Antilles Gold initiates a $650,000 share placement to fund working capital and prepare for a major $29.5 million EPC contract with Xinhai Mining, advancing the Nueva Sabana copper-gold mine development in Cuba.

Theta Gold Mines secures a pivotal US$35 million loan facility and board approval to mine, marking significant progress in the development of its TGME Gold Mine Project in South Africa.

Larvotto Resources has successfully raised $60 million in equity alongside a $105 million bond, fully funding the Hillgrove Antimony-Gold Mine development with production targeted for mid-2026.