Latest Gold Mining News

MGX Resources reported a $20.8 million half-year loss, driven by a major rockfall at Koolan Island that halted mining and triggered a $60 million asset impairment. The company is pivoting towards gold with its recent acquisition of a 50% stake in the Central Tanami Project.

Western Yilgarn NL has announced a significant discovery of high-grade cobalt, scandium, nickel, copper, and lead mineralisation at its Ida Holmes Junction Project in Western Australia, reinforcing its strategic foothold in critical minerals.

Falcon Metals confirms the northern extension of the Bendigo Goldfield with exceptional high-grade gold intercepts at its Blue Moon project, while advancing exploration in Western Australia’s Errabiddy region.

Magmatic Resources has reported significant gold intersections from recent drilling at its Weebo Gold Project, confirming extensive shallow mineralisation across multiple prospects. The company is poised to advance these targets with further drilling and resource definition in 2026.

Chrysos Corporation Limited reported a robust 1H FY26 with revenue up 49% and EBITDA soaring 152%, driven by expanding adoption of its PhotonAssay technology and strategic global deployments.

Carnavale Resources has retracted and replaced its recent investor presentation to correct overstated financial forecasts for gold prices above AUD 6,500/oz, reaffirming robust economics for its Kookynie Gold Project.

Horizon Minerals unveils robust scoping study results for its Black Swan Project in WA, outlining a low-capital, high-return gold development targeting 102,000 ounces annually. The company launches a $175 million placement to fund construction and advance operations toward mid-2027 commissioning.

Santana Minerals has raised A$130 million through a two-tranche placement and plans a share purchase plan to accelerate development of its Bendigo Ophir Gold Project. The equity raise aims to fund early works, exploration, and equipment procurement ahead of final resource consents.

Resolution Minerals has reported final assay results from its 2025 drilling campaign at the Golden Gate prospects in Idaho, revealing extensive near-surface gold mineralisation alongside significant tungsten intercepts. The findings confirm the potential for a large, open-ended gold-tungsten deposit, setting the stage for accelerated exploration in 2026.

GR Engineering Services has been named preferred contractor for Brightstar Resources’ Laverton Processing Plant, a major 1.5 Mtpa gold facility in Western Australia, pending final investment and funding decisions.

Mt Malcolm Mines NL reports significant progress on its maiden JORC Mineral Resource Estimates for the Golden Crown and Dumbarton prospects, highlighting high-grade gold mineralisation and promising extensions. Metallurgical testwork and further drilling plans aim to unlock early mining potential and cashflow.

The Central Tanami Project joint venture between MGX Resources and Tanami Gold NL reports a 2.8 million ounce gold resource, progressing towards production with key infrastructure upgrades and exploration drilling underway.