Latest Mine Restart News

Variscan Mines has reported new underground drilling results at the Udías Mine, revealing high-grade zinc mineralisation exceeding 20% zinc outside the existing resource estimate. These findings reinforce the potential for resource expansion and support ongoing mine development plans.

Tolu Minerals has appointed Dr Chris Muller as Managing Director and CEO, signaling a strategic push towards ramped-up exploration and resource development in Papua New Guinea.

Manuka Resources is set to kick off a significant gold exploration drilling campaign in the Cobar Basin this December, targeting deep extensions at Mt Boppy and shallow deposits at Pipeline Ridge. The results, expected early next year, could reshape the company’s production outlook.

Polymetals Resources has begun a staged restart of its Endeavor Silver-Zinc Mine following a tragic explosion that claimed two lives. The company is conducting a thorough safety review as investigations continue.

Eagle Mountain Mining has received a non-binding indicative offer from Japan’s Nittetsu Mining to form a joint venture, injecting up to US$20 million to advance the Oracle Ridge copper project towards production by 2030.

WIN Metals reports exceptional initial drill results from the Radio Gold Project in Western Australia, revealing high-grade gold intercepts and confirming significant potential for resource expansion and mining development.

Pinnacle Minerals has launched a rapid mine restart study at the historic Lightning Peak Open Pit within its Thunder Mountain Gold-Silver Project in Idaho, aiming to revive gold and silver production using modern exploration techniques.

Tolu Minerals has secured a $60.5 million capital raise and appointed Dr Chris Muller as CEO, setting the stage for a production restart at Tolukuma Gold Mine in the second half of 2026 alongside a major drilling program.

Manuka Resources has secured significant funding and restructured debt to support the restart of its Australian mines, while awaiting a pivotal environmental decision on its New Zealand Taranaki VTM Project.

Ballymore Resources has reported strong high-grade gold assay results from its Dittmer Project in Queensland, alongside key regulatory progress and a successful $4.5 million capital raise to fund ongoing exploration.

Citigold Corporation continues its efforts to restart the high-grade Charters Towers Gold Project, focusing on exploration, mine design, and securing funding despite a significant annual loss.

Kingston Resources reported a 10% revenue increase to $15.8 million in Q1 FY26, driven by higher gold and silver output and successful flotation plant commissioning. Underground mining preparations are advancing, setting the stage for a production ramp-up.