Latest Guinea News

NGE Capital Limited reported a remarkable 148% increase in profit after tax for the year ended 31 December 2025, driven by strong gains in uranium and mining investments. The company’s net tangible asset backing per share rose 25.7%, reflecting robust portfolio performance amid a volatile macroeconomic backdrop.

Mitchell Services Limited reported a solid half-year performance with revenue up 3% to $102.4 million and EBITDA soaring 69% to $21.4 million, returning to profit after a prior loss. The company declared a fully franked 4 cent dividend, reflecting strong cash flow and disciplined capital management.

Pacific Lime and Cement has locked in a long-term quicklime supply deal with Newmont, anchoring Papua New Guinea’s first domestic quicklime manufacturing project and advancing local industry development.

Qube Holdings has inked a scheme implementation deed with a Macquarie Asset Management-led consortium, valuing the company at approximately $11.7 billion and offering shareholders a 27.8% premium. The deal, subject to regulatory and shareholder approvals, sets the stage for a significant shift in the Australian logistics landscape.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

Robex Resources has officially reached commercial production at its Kiniero Gold Project in Guinea, marked by a significant first shipment of over 6,300 ounces of gold. This milestone sets the stage for the company’s strategic growth and upcoming merger plans.

Santos Limited reports a stable 2025 reserves position with a 17-year life and significant growth in CO2 storage capacity, underpinning its decarbonisation strategy. The company also provides preliminary guidance on its 2025 financial results.

St Barbara Limited reports solid progress on key transactions with Lingbao Gold Group and Kumul Mineral Holdings, aiming to complete deals and trigger a Final Investment Decision for the New Simberi Gold Project by the end of March 2026.

DeSoto Resources has confirmed high-grade gold mineralisation in maiden drilling at its expansive Siguiri Basin projects in Guinea, backed by a strong treasury and a US$12.5 million funded alliance with Fortuna Mining.

Enegex Limited has acquired a vast 3,700 km² gold exploration portfolio in Côte d’Ivoire, led by seasoned explorer Paul Roberts, setting the stage for a major push in West Africa’s prolific Birimian Belt.

DeSoto Resources has significantly expanded its footprint in Guinea’s prolific Siguiri Basin by acquiring three new reconnaissance projects and advancing multiple exploration programs across its portfolio.

Lakes Blue Energy has completed drilling and begun production testing at its Wombat-5 well, while progressing plans for proof-of-concept drilling at the Portland Energy Project targeting up to 1 trillion cubic feet of gas.