Latest Gold Production News

Matsa Resources has achieved its first gold pour from the Devon Pit Gold Mine, initiating gold production and setting the stage for revenue generation over the next 18 months.

True North Copper has reported breakthrough drilling results at Wallace North, revealing a new high-grade copper-gold shoot and confirming extensive mineralisation beyond known boundaries. Simultaneously, its Mt Oxide project’s Phase 1 drilling validates a large-scale copper-cobalt-silver system, setting the stage for accelerated exploration.

Flagship Minerals has confirmed exceptional gold recoveries exceeding 80% from oxide material at its Pantanillo Gold Project in Chile, significantly derisking its path toward resource conversion and heap leach development.

OzAurum Resources has regained full control of the Mulgabbie North Gold Project feasibility study, initiating inhouse metallurgical testing that has already surpassed industry benchmarks, setting a strong technical foundation for potential gold production.

Brightstar Resources reports underground mining operations at its Laverton Hub are significantly ahead of schedule, targeting a +50% quarter-on-quarter production increase in the September quarter. The Fish Mine has turned cash flow positive, underpinning a robust growth outlook.

Medallion Metals has taken a crucial step forward by ordering a secondary ball mill to upgrade the Cosmic Boy Concentrator, underpinning its Sulphide Production Strategy and advancing its feasibility study toward a final investment decision.

Tesoro Gold has released an expanded and upgraded scoping study for its Ternera open pit project in Chile, revealing strong economics and a 1.82 million ounce gold resource. The study highlights a straightforward development path with low capital costs and excellent gold recoveries.

Magnetic Resources NL has secured all necessary mining leases for its Lady Julie Gold Project, marking a critical step towards production. Supported by a robust feasibility study and a recent resource upgrade, the project is now development-ready.

Northern Star Resources reaffirms its Ore Reserves and Mineral Resources as of March 2025, maintaining steady production targets and a robust balance sheet while advancing key growth projects including the KCGM Mill Expansion and the Hemi Development Project.

Emu NL has agreed to sell its Badja Gold Project subsidiary for AUD 3.5 million, redirecting focus and funds to its promising Yataga Copper Project in Queensland.

West Wits Mining has raised $17.5 million through a discounted share placement to accelerate gold production at its flagship Qala Shallows project in South Africa. This capital injection, alongside existing loans, positions the company to advance toward steady-state output.

Theta Gold Mines has officially begun construction at its flagship TGME Gold Mine in South Africa, securing key contracts and funding support that pave the way for production by early 2027.