Latest Guinea News

DeSoto Resources has initiated its first-ever reverse circulation drilling at the historically artisanal Dadjan Gold Project and commenced power auger drilling at the Tole Gold Project in Guinea, unveiling promising early assay results.

IMDEX Limited reported a resilient FY25 with steady margins, reduced net debt, and strategic acquisitions positioning it for growth. The company’s FY26 outlook is optimistic, supported by improving global exploration activity and technology adoption.

Metro Mining Limited achieved record quarterly bauxite shipments with improved cost efficiency, yet a recent operational outage and river constraints have prompted a downward revision of its 2025 production forecast.

Robex Resources has commenced mining at its Kiniero Gold Project in Guinea, maintaining its schedule and budget to achieve first gold production by the fourth quarter of 2025.

Bougainville Copper Limited remains inactive in production but advances talks with international mining firms to revive the long-dormant Panguna Project, backed by the Autonomous Bougainville Government.

DeSoto Resources has secured A$14 million to advance drilling programs in Guinea’s prolific Siguiri Basin and Australia’s Northern Territory, backed by a strategic JV with Fortuna Mining Corp. Historic high-grade gold intercepts and a strong cash position set the stage for a pivotal exploration phase.

Rio Tinto reported robust third quarter 2025 production results, highlighted by record outputs in bauxite and copper, and an upgraded bauxite production forecast. Key projects like Simandou and Oyu Tolgoi continue to progress on schedule, underpinning the company’s growth trajectory.

Canterbury Resources is on the cusp of completing a pivotal scoping study for its Briggs Copper Project, while deep drilling advances to unlock higher-grade mineralisation. The company also moves forward with new exploration initiatives and a share purchase plan to bolster funding.

DeSoto Resources has raised A$14 million in a strongly supported placement to fund its maiden drilling program in Guinea’s prolific Siguiri Basin, backed by a notable cornerstone investor and institutional interest.

ABx Group’s subsidiary ABx3 has received a $2.7 million investment from Good Importing International, granting GII 70% ownership to develop the Sunrise Bauxite Project in Queensland. This funding kickstarts a 12–24 month program targeting regulatory approvals and mine planning, with further investment options on the horizon.

Tolu Minerals has raised A$60.5 million through a well-supported institutional placement to fund exploration and refurbishment at its Tolukuma Gold Mine, signaling confidence in its growth strategy.

St Barbara Limited has secured approximately A$58 million through an institutional placement to fund its Simberi Expansion Project and advance the 15-Mile Processing Hub in Nova Scotia. This capital raise supports the company’s growth ambitions amid ongoing regulatory and operational developments.