Latest Gold Mining News

Resolute Mining delivered a solid 2024 with record cash flows and slightly higher gold production, but faces rising costs from Mali’s new Mining Code and a $160 million government settlement. The company plans lower 2025 output as Mako mining winds down, focusing on cash flow and exploration.

Kingsgate Consolidated Limited reported a 150% increase in ore mined and a 13.4% rise in gold production for the December 2024 quarter, marking its third consecutive quarter of growth. Despite some challenges with grade control and cost guidance, the company anticipates further production and efficiency gains.

Tesoro Gold reports its highest-ever gold assay at the Ternera Deposit alongside a strategic dual listing on the Frankfurt Stock Exchange and a strong cash position.

Lanthanein Resources has completed initial drilling phases at its Lady Grey Project and secured a six-month extension on its farm-in agreement, positioning the company for a critical assessment of its gold exploration prospects.

Magmatic Resources has launched a 3,000m diamond drilling campaign at its Myall Project alongside encouraging soil sampling results at its Wellington North and Parkes projects, signaling advancing exploration momentum.

SSH Group Ltd reports a strong Q2 FY25 with a 89% increase in operating cash flow and a significant 19% reduction in equipment-backed debt, while securing a preferred tender notice for a major gold mining project.

St Barbara Limited has secured Warden Court hearing dates for early April 2025, marking a pivotal step in renewing its Simberi Mining Lease in Papua New Guinea with strong local stakeholder backing.

Zeus Resources Ltd has successfully reinstated its securities on the ASX and raised over $1.2 million through a Share Purchase Plan, Priority Options Offer, and Placement, advancing exploration in uranium, lithium, and rare earth projects across South Australia and Western Australia.

Kaiser Reef Limited has made a pivotal advance by developing into the unmined Nova Zone at the A1 Gold Mine, marking a shift from remnant to modern mining operations, supported by a successful $8 million capital raise.

E79 Gold Mines Limited reported a $169,000 net cash outflow from operating activities for the December 2024 quarter, maintaining a solid cash balance of $1.46 million as it continues its exploration efforts.

E79 Gold Mines reports exceptional copper, gold, and bismuth assay results from its Mountain Home Project and gains Northern Territory government approval to commence drilling in 2025.

Gullewa Limited reports a robust cash balance of $9.087 million at the end of December 2024, supported by strong financing inflows despite ongoing exploration expenditures. The company’s quarterly cash flow highlights its strategic financial management as it advances key tenements in Western Australia.