Latest Gold Sector News

GR Engineering Services has been named preferred contractor for Brightstar Resources’ Laverton Processing Plant, a major 1.5 Mtpa gold facility in Western Australia, pending final investment and funding decisions.

Brightstar Resources has appointed GR Engineering as the preferred EPC contractor for its Goldfields processing plant near Laverton, advancing towards first gold production by June 2027. The company is progressing debt financing and equity raising to fund development, supported by a robust updated feasibility study.

MLG Oz Limited reported a robust HY2026 with statutory net profit after tax soaring 73.2% to $7.1 million, driven by strong demand in the gold sector and operational resilience despite early weather setbacks and a safety fine.

MLG Oz Limited has delivered a robust half-year performance with revenue climbing 6% and EBITDA soaring 24.5%, underpinned by strong gold sector demand and operational efficiencies.

MLG Oz Limited reported a robust half-year with revenue up 5.3% to $287.2 million and net profit soaring 73.3% to $7.1 million, overcoming early weather disruptions and a significant safety fine.

Forrestania Resources has completed diamond drilling at its Lady Lila project and initiated drilling at British Hill, marking key steps in its strategy to build a multi-asset gold portfolio in Western Australia.

Beacon Minerals has finalised the sale of its six Timor Leste concessions to Tivan Ltd, securing cash and equity to bolster its Australian gold operations and growth plans.

Hot Chili Limited has successfully closed a A$40 million private placement, bolstering funding to accelerate development of its Costa Fuego copper-gold project in Chile. Major shareholders and institutional investors backed the oversubscribed raise, positioning the company for near-term production milestones.

Matsa Resources launches a major drilling campaign at Fortitude North targeting up to 1.85 million ounces of gold, supported by a $17.5 million loan facility from major shareholder Deutsche Balaton.

TechGen Metals has acquired 100% of the Mt Boggola East copper-gold-silver project in Western Australia, adding a key tenement adjacent to its existing holdings. Historic drilling highlights significant high-grade copper mineralisation, setting the stage for imminent exploration.

Kincora Copper has reported promising initial results from its Phase 1 drilling at Nevertire, prompting an expansion of exploration activities and recommencement of drilling to target multiple porphyry centres.

Skylark Minerals has sharpened its focus on gold exploration in Côte d’Ivoire, unveiling a robust 2026 drilling program at its flagship Zaranou Project. The company aims to expand its mineral resource and accelerate development in a Tier One West African jurisdiction.