Latest Gold Sector News

NRW Holdings has secured approximately $313 million of additional work across a gold-processing expansion for Ramelius Resources and optional transport infrastructure works in Western Australia. The awards strengthen both Primero's minerals-processing pipeline and NRW's civil construction order book, although contract-level revenue and margin details remain undisclosed.

Forrestania Resources completes A$300 million purchase of Edna May Gold Project, adding a second processing hub in Western Australia and raising over A$215 million in a major capital placement.

Corazon Mining has unveiled a maiden Exploration Target at its Chalice Gold Project in WA, suggesting the mineralised system could hold up to 830,000 ounces of gold, significantly above the existing resource. A 7,500m drilling campaign is set to test this potential, marking a step towards development.

L1 Gold Fund Limited (ASX:LGF) has launched a retail entitlement offer aiming to raise up to $261.7 million by issuing one new share for every three held, priced at $2.25 each. This follows a $254.9 million institutional placement and entitlement offer completed earlier in August.

Mammoth Minerals has intersected a fresh high-grade gold zone over 700 metres from its historic Buster Gold Mine in Nevada, expanding the Excelsior Project's mineral footprint. Concurrent surface sampling at the Blue Dick Prospect confirms extensive silver and gold mineralisation, underpinning a robust drilling campaign across multiple targets.

Vault Minerals has secured a key regulatory waiver from the ACCC for its merger with Genesis Minerals, removing a major obstacle and keeping the deal on track for shareholder approval later this year.

L1 Gold Fund Limited (ASX:LGF) has completed a major capital raising, securing A$254.9 million through institutional placement, entitlement, and shortfall offers. Founders Mark Landau and Raphael Lamm fully subscribed, underscoring confidence in the gold sector amid ongoing market volatility.

Nex Metals and its Aboriginal partner WTAC have applied for a 100ha lease to build processing infrastructure for the Kookynie Tailings Project, while metallurgical tests show promising gold recovery rates and potential tungsten by-product.

FirstAu Limited is gearing up to drill at its First Hit gold deposit, aiming to define a maiden Mineral Resource Estimate based on historic high-grade production and extensive data.

Latitude 66 has finalised the sale of its non-core Piastri Project to Capricorn Metals, converting the deal into approximately A$1.79 million in shares. Alongside a recent royalty portfolio sale, this boosts Latitude 66’s war chest with over A$5 million to fund core exploration in Finland and Western Australia.

Mitchell Services (ASX:MSV) posted a strong FY26 with revenue up 5% to A$207.4 million and EBITDA surging 67% to A$42.8 million. The company returned to a net cash position of A$3.5 million and declared a fully franked 2 cent dividend, reflecting robust operational execution and a strategic pivot towards gold.

Alkane Resources delivered a transformational FY26 with a 590% surge in net profit to A$228.7 million, driven by its merger with Mandalay Resources and record gold equivalent production. The company declared its first fully franked dividend and confirmed solid FY27 guidance.