Latest Gold Sector News

Metal Bank reports exceptional gold recovery results from its Seven Leaders Prospect near Kalgoorlie, highlighting a 72.5% gravity recovery and over 99% leaching efficiency, underpinning its near-term production ambitions.

QMines Limited's latest deep drilling at Mount Mackenzie reveals multiple high-grade gold, silver, and copper zones, with geological signs pointing to a potential porphyry copper-gold system at depth.

Pan African Resources has agreed to acquire Emmerson Resources via a scheme of arrangement valued at approximately A$311 million, offering Emmerson shareholders a 36.4% premium. The deal aligns interests in the Tennant Creek Joint Venture and provides exposure to a larger gold producer.

Native Mineral Resources has reported impressive shallow high-grade gold intercepts at its Podosky deposit, reinforcing plans to commence mining by April 2026. The results bolster confidence in the deposit’s open-pit potential and support ongoing development at the Ravenswood Gold Project.

African Gold Ltd has proposed a scheme of arrangement for Montage Gold Corp to acquire 100% of its shares, with an independent expert endorsing the deal as fair and reasonable. The African Gold board unanimously recommends shareholder approval, setting the stage for a significant consolidation in Côte d'Ivoire’s gold sector.

Freehill Mining has raised $1.5 million through a discounted share placement to fund exploration of copper-gold projects in Chile and expand its processing capacity.

Albion Resources has secured an option to acquire the Gidgee Gold Project in Western Australia’s prolific Gum Creek Greenstone Belt, unlocking significant exploration potential backed by strong historical drilling results.

Medallion Metals has completed its acquisition of the Forrestania Nickel Operation from IGO Limited, transforming it into a key gold processing hub as the company advances its development strategy in Western Australia.

GoldArc Resources has locked in a strategic drilling services agreement with MMS for its Leonora South Gold Project, enabling up to A$750,000 of drilling fees to be paid in shares. This innovative deal preserves cash and aligns contractor incentives with the project’s long-term success.

Native Mineral Resources (NMR) has validated historic high-grade gold mineralisation at the Podosky deposit in Queensland, advancing its Ravenswood JV mining ambitions. Early drilling results reveal significant shallow intercepts, supporting fast-tracked resource estimation and mine planning.

Babylon Pump & Power reported a $7.16 million loss for H1 FY26, weighed down by acquisition-related expenses and an impairment charge, while its rental segment soared post-acquisitions.

Black Cat Syndicate has begun processing ore from its Fingals and Majestic mines through the Lakewood Mill and approved a $20 million expansion to boost capacity by 25%, aiming to lower costs and enhance cash flow.