Latest Gold News

MLG Oz Limited has secured a significant $75 million haulage contract with Westgold Resources, poised to generate over $25 million annually and deepen its footprint in Western Australia's Goldfields region.

MLG Oz Limited reported a robust 20.5% increase in revenue for the first half of FY2025, reaching $272.9 million, even as net profit after tax declined to $4.1 million. The company anticipates stronger growth in the second half, supported by new contracts and fleet expansion.

Viking Mines Limited has confirmed a significant gold discovery at its Northern Duplex Target, with drilling revealing a steeply dipping gold zone and promising assay results. The company is gearing up for further exploration to define the extent of this new mineralisation.

MLG Oz Limited has delivered a robust half-year performance with a 20.3% increase in statutory revenue and stable workforce numbers, setting the stage for anticipated growth in the second half of FY2025.

Maronan Metals has reported outstanding metallurgical test results from its carbonate-hosted silver-lead ore, producing high-grade concentrates with recoveries exceeding 90%, reinforcing the project's economic potential.

MLG Oz Limited posted a 20.5% increase in revenue to AUD 272.9 million for the half-year ended December 2024, driven by strong gold industry activity. However, net profit after tax fell 42.7% to AUD 4.1 million, reflecting margin pressures and higher depreciation costs.

Artemis Resources has completed the second tranche of a $4 million capital raise, enabling the resumption of drilling at its Karratha Gold Project after cyclone-related delays.

Brightstar Resources Limited reveals an ambitious growth strategy targeting a significant production ramp-up in 2025, anchored by its Laverton and Menzies hubs and supported by a robust mineral resource base.

St Barbara Limited has successfully commissioned the MMD Sizer crusher at its Simberi operation, exceeding performance expectations and boosting SAG mill throughput. The company also appointed Phil Stephenson, a seasoned PNG mining executive, as Operations Advisor to steer operational improvements and strategic decisions.

Adavale Resources is set to launch a detailed geochemical survey at its Ashes and Myalls prospects within the Parkes Project, aiming to refine drilling targets in a highly prospective gold-copper region.

St Barbara’s Simberi Gold has formally objected to Papua New Guinea’s tax authority over a disputed PGK456 million assessment, highlighting significant errors and seeking urgent resolution.

Augustus Minerals has applied advanced AI and machine learning techniques to identify 18 promising gold targets at its Music Well project in Western Australia, highlighting significant exploration potential in an underexplored region.