Latest Mining Costs News

Yancoal’s March quarter report reveals stable coal output amid rising diesel prices pushing operating costs higher, alongside progress on its $2.6 billion Kestrel Coal Mine acquisition. The company’s safety performance improved and market coal prices gained momentum, with realized price benefits expected from Q2.

Genesis Minerals is set to acquire Magnetic Resources for approximately A$639 million, offering Magnetic shareholders a 25-35% premium. The deal unlocks synergies at the Lady Julie Gold Project, where an updated underground production target extends mine life to 14-19 years with improved economics.

Viking Mines has launched a field campaign at its Linka Tungsten Project targeting historical tailings and ore stockpiles as potential near-term, low-capital feed sources, complementing ongoing metallurgical advances and a planned June quarter drilling campaign amid record tungsten prices.

Stavely Minerals has issued an amended 2026 Mineral Resource Estimate and Scoping Study, correcting key data omissions and confirming significant growth in its copper, gold, and silver resources. The updated study highlights promising open pit and underground mining potential in Western Victoria.

Magnetic Resource NL has updated its scoping study for the Lady Julie Gold Project, significantly increasing the underground production target and extending the mine life. The revised plan also lowers underground mining costs and defers some capital expenditure by prioritising open pit operations.

Arcadia Minerals reports the expiry of its exclusivity period with Hongkong Xinhai Mining Services for the Swanson Tantalum Project, as Xinhai continues its review focusing on mining cost clarifications before advancing negotiations.

Black Canyon Limited reports promising metallurgical results from its Wandanya Project, confirming high-quality direct shipping ore potential for manganese and iron. The company is gearing up for a significant 15,000m drilling campaign to expand and infill its resource.

Mt Malcolm Mines has announced its first JORC-compliant Mineral Resource Estimates for the Malcolm Project, revealing a combined 13,200 ounces of gold at Golden Crown and Dumbarton prospects. The company outlines promising drilling plans to expand and upgrade these resources.

Magnetic Resource NL has significantly increased the underground production target for its Lady Julie Gold Project, extending mine life and improving production rates in a new scoping study update.

Titan Minerals has reported significant wide zones of gold-silver-copper porphyry mineralisation at its Kaliman target within the Dynasty Gold Project, following a 25,000m drilling campaign in 2025. This breakthrough is set to underpin an imminent Mineral Resource update expected in late Q1 2026.

Metals X Limited reported a robust 2025 financial year with revenue up 30% to $285 million, driven by higher tin prices despite a slight dip in production. The company is advancing its key growth project, Rentails, targeting a final investment decision in late 2026.

Coronado Global Resources reported a $432.1 million net loss for FY2025, impacted by a 22% revenue decline due to softer metallurgical coal markets and logistical challenges. Despite operational gains and cost cuts, the company strengthened liquidity through refinancing and support from Stanwell.