Latest Gold Mining News

Kingsgate Consolidated delivered a record FY2026 net profit of $278 million, driven by strong gold and silver output at Chatree and a $68.6 million impairment reversal at the Nueva Esperanza project, while declaring a 10 cent final dividend.

Mammoth Minerals has intersected a fresh high-grade gold zone over 700 metres from its historic Buster Gold Mine in Nevada, expanding the Excelsior Project's mineral footprint. Concurrent surface sampling at the Blue Dick Prospect confirms extensive silver and gold mineralisation, underpinning a robust drilling campaign across multiple targets.

Maritana Minerals has announced a maiden underground Ore Reserve of 31,600 ounces at Rose Hill, lifting group reserves to 236,000 ounces and setting the stage for gold production in H2 2027.

Saturn Metals has significantly oversubscribed its Share Purchase Plan, raising $21.28 million against a $5 million target. Combined with a recent $100 million placement, the company now has $121.28 million to accelerate development of its Apollo Hill Gold Project in Western Australia.

Evolution Mining has taken a significant step toward its full acquisition of Carnaby Resources by acquiring a 13.7% stake from the QIC Queensland Critical Minerals Fund through a share issue, reinforcing its position as Carnaby’s largest shareholder.

St Barbara Limited's FY26 statutory profit surged to A$490 million, driven by a A$500 million gain from deconsolidating New Simberi Gold after Lingbao's strategic investment. The company declared a fully franked dividend and is weighing a significant share buy-back while advancing key gold projects.

Sentinel Metals has completed its acquisition of the Big Springs Gold Project in Nevada, adding over 1 million ounces to its North American gold resource base and positioning itself as a significant player in Tier-1 US mining jurisdictions.

Adavale Resources has wrapped up its 85-hole drill program at London-Victoria with strong assay results confirming broad and high-grade gold mineralisation beyond the existing resource boundary. An updated Mineral Resource Estimate is expected in Q3 2026, setting the stage for a scoping study.

Cosmo Metals has initiated a systematic soil sampling campaign at its Plunkett & Cassidy antimony prospect within the extensive Antimony Gully Trend at Bingara, NSW, following rock chip assays up to 10.3% antimony. The program aims to delineate mineralised strike extensions and prioritise drill targets in a region hosting Larvotto Resources’ Hillgrove deposit.

North Stawell Minerals (ASX:NSM) sharpens its focus on replicating the multi-million ounce Stawell Gold Mine, unveiling an 87,300-ounce Wildwood resource and a pipeline of high-grade targets along the Darlington-Caledonia trend in Victoria.

Nex Metals and its Aboriginal partner WTAC have applied for a 100ha lease to build processing infrastructure for the Kookynie Tailings Project, while metallurgical tests show promising gold recovery rates and potential tungsten by-product.

Magmatic Resources is set to resume Reverse Circulation drilling at its Weebo Project, focusing on expanding known gold mineralisation at Otto 2 and Ockerburry 3 and testing new ground at Scone Stone West.