Latest Gold Sector News

Many Peaks Minerals has reported strong reverse circulation drilling results at its Ouarigue prospect in Côte d’Ivoire, confirming continuity and extensions of gold mineralisation over 800 metres of strike. The results bolster prospects for upgrading the resource and expanding its footprint ahead of a planned fourth-quarter Mineral Resource Estimate update.

Elk Range Mining has begun its first diamond drilling campaign at the Friday Gold Project in Idaho, aiming to validate historical high-grade gold and build a modern resource base.

Avenira Limited has launched trading of rights for its renounceable rights issue, offering shareholders flexibility ahead of key development milestones at the Wonarah Phosphate Project.

XRF Scientific reported an 8% revenue increase to $64.4 million and a modest 1% rise in net profit after tax for FY26, underpinned by strong performances in Precious Metals and Capital Equipment divisions and the strategic acquisition of Bruker’s CGA business.

First Au Limited is seeking shareholder approval for a 20:1 share consolidation aimed at simplifying its capital structure and aligning its share price with the company’s development stage.

De.mem Limited is poised for a record 2026, driven by 29 consecutive quarters of cash receipts growth, positive operating cashflow, and strategic expansion into the gold mining sector through Core Chemicals.

Lycopodium has secured a A$93 million EPCM contract to expand Artemis Gold’s Blackwater Mine in Canada, boosting the mine’s throughput capacity to one of the largest in the country.

Brightstar Resources is on track to deliver 75,000 ounces per annum from its Goldfields hub by mid-2027, backed by a new processing plant and strong project economics, while progressing its Sandstone project toward a Tier-1 development with a 2.9 million ounce resource.

Clara Resources (ASX:C7A) sharpened its exploration focus on the Mareeba Gold Project, unveiling seven new targets from a LiDAR survey and expanding its tenure by 111 km². The company also refreshed its leadership and bolstered its cash position through a $1.13 million equity raise.

Vita Resources has inked a Heads of Agreement with Otago Gold, marking its strategic entry into New Zealand's gold sector with exclusive rights to explore hard-rock deposits below 10 metres depth across key Southland and Otago tenements.

Charger Metals has expanded its Medcalf lithium resource to 10.6 million tonnes at 1.0% Li2O, backed by strong metallurgical results and a fresh $3.75 million cash injection from selling its Bynoe project.

Rua Gold’s Auld Creek Project has qualified for New Zealand’s new Fast-Track Approvals Act 2024, promising a faster permitting timeline and reduced regulatory risk as the company advances toward mine development.