Latest Gold Mining News

E79 Gold has secured the final tenement at its 67 square kilometre Cue Gold Project in Western Australia, clearing the stated tenure hurdle ahead of a planned drilling campaign. More than 12,000 metres of aircore and reverse circulation drilling is scheduled to begin in early November, subject to heritage clearance.

Besra Gold’s FY2026 report puts its Gold Purchase Agreement with major shareholder Quantum Metal Recovery at the centre of the company’s financial risk profile. Funding received under the deal has been recorded as a contract liability tied to potential future gold deliveries, while the report also discloses an AU$140,000 payment to a former director.

New Talisman Gold Mines has outlined a conceptual exploration target of up to 550,000 ounces of gold beyond its existing 350,000-ounce gold-equivalent resource at the Talisman Project. The company now plans 18 to 20 drillholes in calendar Q1 2027 to test six priority mineralised structures.

PDI Gold has reported its first consolidated Mineral Resource and Ore Reserve statement since merging with Robex, lifting total resources to 10.1Moz and reserves to 4.8Moz. The headline growth came from the merger and a larger Kiniéro reserve, although Bankan’s development remains dependent on Guinea granting its exploitation permit.

Northern Star has unanimously rejected Gold Fields' unsolicited takeover proposal, saying its mixed cash-and-scrip offer undervalued the company and arrived ahead of important operational milestones. The implied value of the proposal has since fallen from A$27.00 to A$25.19 per Northern Star share.

St Barbara is positioning itself as a debt-free Nova Scotia gold developer after a proposed A$453 million Simberi exit, with a potential special dividend and share buy-back still on the table. Its updated 15-Mile study points to a larger reserve, longer mine life and stronger project economics, but those figures remain study-based and conditional on execution.

Augustus Minerals has reported broad gold mineralisation at its Clifton East prospect in Western Australia, including a 1m interval grading 19.5g/t gold. The explorer’s FY2026 loss narrowed, but continued drilling remains dependent on further equity funding.

Rand Mining lifted fiscal 2026 net profit by 82% to A$23.9 million as gold sales rose and Golden Hind delivered its first ore. The result was also helped by a A$8.7 million Raleigh impairment reversal, while higher costs, inventory and development spending reduced cash generation.

Flynn Gold is pushing Golden Ridge and Firetower towards resource definition, but its FY2026 annual report flags a material going-concern uncertainty and a cash balance of just A$1.11 million. A partially underwritten A$3 million rights issue now sits alongside drilling, permitting and a non-binding processing pathway with Henty Gold Mine.

Lac Gold’s first 15,000-metre drilling campaign at Rouyn has strengthened its geological model, including a standout 5.65-metre intersection grading 141.29 g/t gold. But the annual report also flags a material uncertainty over going concern as the company approaches its first C$6.67 million promissory note repayment.

Legacy Minerals enters FY2027 with a larger Mt Carrington resource, a positive preliminary development study and fresh drilling underway, but the proposed mine still requires substantial funding. The ASX-listed explorer reported a A$1.85 million FY2026 loss and held A$6.07 million in cash at year-end.

Kalgoorlie Gold Mining has opened a fully underwritten 1-for-10 entitlement offer priced at 2 cents a share, targeting about A$1.1 million for exploration and working capital. The offer completes a broader A$3.4 million capital raising, but also increases the company’s share count by up to 10%.