Latest Mining Developments News

Zimplats Holdings reported a strong FY2026 with revenue climbing 57% to US$1.3 billion and profit before tax soaring 484% to US$387.5 million, driven by higher metal prices, increased ore volumes, and improved operational efficiency.

Bathurst Resources delivered a consolidated EBITDA of NZD 44.7 million for FY26, reaching the top of its guidance despite a challenging start to the year for export coal prices. The company advanced key growth projects in New Zealand and Canada while maintaining a robust cash position.

Nickel Industries surged to a US$74 million profit in H1 2026, driven by higher nickel prices, expanded mining quotas, and strategic HPAL investments including first nickel cathode production at ENC.

Cavalier Resources has chosen SSH Group as its preferred mining contractor for the initial oxide pit at the Crawford Gold Project, aiming to kickstart mining operations within the next year.

Ramelius Resources has posted a striking 79% jump in Ore Reserves to 4.3Moz and a 17% increase in Mineral Resources to 14Moz as at 30 June 2026, driven by strong drilling results and strategic acquisitions.

Toubani Resources has received the initial US$25 million drawdown under its Gold Stream agreement with Eagle Eye Asset Holdings, marking a crucial step in advancing the Kobada Gold Mine towards production in 2027.

Rumble Resources has secured crucial groundwater extraction approval and engaged contractors to progress Western Queen towards production, while updating its scoping study and preparing for project financing.

West Coast Silver has installed Serge Smolonogov as CEO, consolidating leadership to drive resource growth and project evaluation at its high-grade Elizabeth Hill silver project.

Astral Resources’ 92-hole in-fill drilling at Think Big confirms shallow, high-grade supergene gold mineralisation, advancing a fully funded joint venture with Mineral Mining Services toward mining in early 2027.

Global Lithium Resources has secured critical environmental and water permits for its Manna Lithium Project, clearing the way for early works and construction. These approvals align with the company’s aggressive schedule targeting first ore shipment in mid-2027.

Evolution Mining delivered record FY26 profit and cash flow, declaring a 21-cent final dividend and setting a higher 60% payout policy while advancing key growth projects and acquisitions.

Rox Resources has signed a binding Native Title Mining Agreement with the Badimia Barna Native Title Claim Applicant, clearing a critical hurdle for the Youanmi Gold Mine in Western Australia and setting a framework for cultural heritage and community benefits.