Latest King Of The Hills News

MLG Oz delivered a stronger earnings year, with statutory NPAT rising 19.2% and underlying EBITDA margin expanding to 13.4%. The mining services group has resumed dividends while taking on higher fleet investment and debt ahead of FY2027.

Arika Resources has secured up to $211,213 in Western Australian government co-funding for two 600-metre diamond holes at its Pennyweight Point prospect. The drilling will test depth extensions to known gold mineralisation and a conceptual porphyry-style gold-copper system that remains untested at depth.

Vault Minerals generated $95.7 million in underlying free cash flow during the September quarter, while completing its King of the Hills Stage 2 upgrade ahead of schedule and maintaining FY27 production guidance. Operational performance was mixed, with weather, lower grades and underground constraints weighing on output at several sites.

Vault Minerals has reported a 9% increase in its 2026 Ore Reserves to 3.9 million ounces of gold, driven by notable gains at its Leonora and Deflector operations, underpinning a robust production outlook through FY29.

GoldArc Resources has cleared the last regulatory hurdle for its Mt Stirling gold project, enabling development to proceed under a 50/50 profit-share partnership with BML Ventures.

Vault Minerals delivered on FY26 gold production guidance with strong quarterly output and cash flow, while progressing key projects and announcing a merger with Genesis Minerals to form a top 20 global gold producer.

Turaco Gold has appointed Warren King as Project Development Director to lead the Afema Project through its Definitive Feasibility Study and into construction, leveraging his extensive experience in African and Australian gold projects.

CGN Resources has bolstered its position in the Leonora gold district by acquiring the 142 km² Desdemona Project, expanding its landholding to 386 km². The company has initiated its first reverse circulation drilling program at Christmas Well targeting multiple high-priority gold prospects.

GR Engineering Services confirms ongoing work on Tower Hill Gold Project but notes processing shift to King of the Hills plant following Genesis Minerals' acquisition of Vault Minerals.

Genesis Minerals and Vault Minerals have agreed to merge, creating a top-3 Australian gold producer with a pro-forma market cap of about A$12.66 billion and annual production of 600-700koz.

Genesis Minerals and Vault Minerals have agreed to merge in a deal valuing Vault at about A$5.6 billion, creating a top-three Australian gold producer with pro-forma annual production of 600-700koz and estimated synergies of A$2 billion.

Genesis Minerals has tabled a binding A$5.6 billion merger proposal for Vault Minerals, offering a mix of shares and cash that values Vault at a premium to a rival bid. The combined entity would dominate the Leonora-Laverton gold district with significant operational synergies and a strong balance sheet.