Latest Gold Mining News

Lodestar Minerals has received all assays from a 12,417-metre, 106-hole RC drilling program at Ned’s Creek, supporting its existing exploration target across three gold prospects. A maiden Mineral Resource Estimate is now expected in the second half of October, although reported widths remain subject to geological interpretation and true-width confirmation.

Aurum Resources has secured A$52.5 million from institutional investors to begin long-lead procurement and other early works at its Boundiali gold project before the definitive feasibility study is complete. The raise strengthens the balance sheet, but also adds 95.45 million shares ahead of two major technical milestones.

Medallion Metals has shifted from project preparation to execution, with Ravensthorpe fully permitted, Forrestania acquired and Cosmic Boy refurbishment underway. The transition is funded by cash, equity and a US$50 million Trafigura facility, but production delivery and rehabilitation liabilities remain substantial tests.

Global Gold Mining has reported recoveries of up to 91.4% from metallurgical tests at its Sturec gold deposit in Slovakia, providing a useful processing input for the project’s pre-feasibility study. The result is encouraging, but the weaker 79.5% recovery from transitional material and the laboratory-scale nature of the work remain important qualifications.

Marmota has expanded drilling across its Greenewood and Mainwood gold targets after intersecting geology resembling earlier favourable zones. With 313 holes now completed, the first assays are expected next week, although the announcement contains no new grades or quantified mineralisation.

Horizon Gold’s annual report presents Gum Creek as a potential 880,000-ounce gold operation, but flags a material uncertainty over its ability to continue without further funding. The company is targeting a Final Investment Decision in Q2 2027 and first gold in the second half of 2028.

Rox Resources is pitching Youanmi as a fully funded, near-term gold producer while outlining an ambition to lift output beyond 150,000 ounces a year. The mine’s initial plan remains materially smaller, with first gold targeted for mid-2027 and average production of about 117,000 ounces a year.

Catalina Resources has executed the mining lease transfer for its Nelson Bay River project, paving the way for up to $1.29 million in rehabilitation security to be recovered. The company plans to redirect the capital into November drilling at its Kirkalocka gold and Tallering tungsten projects, subject to final heritage clearance and regulatory steps.

Cavalier Resources is advancing site preparation, contractor negotiations and recruitment at its Crawford Gold Project, but its financing remains unfinished after Javelin Global Commodities’ exclusivity period expired. Shareholders have also approved a A$60,000 share subscription by interim CEO Daniel Tuffin.

Bellevue Gold delivered record FY26 production and free cash flow while cutting its hedge book by more than half. The next test is whether higher FY27 output and greater spot-price exposure can convert operational progress into materially stronger cash generation.

Platina Resources has reshaped itself around a 312 square kilometre gold portfolio in Western Australia’s Laverton district, backed by $8.61 million in cash. The FY2026 annual report shows stronger exploration momentum, but the company remains loss-making and dependent on turning targets into discoveries.

Meeka Metals has reported its first full-year profit as a gold producer, but the $51.3 million result came after a difficult second half and $107 million of growth investment. The company is now betting that higher-grade underground ore, processing upgrades and a fresh Mt Holland portfolio can improve cash generation.