Latest Mining Expansion News

Nickel Industries delivered a robust US$97.3 million Adjusted EBITDA in Q1 2025 despite production challenges and a declining nickel price. Key milestones include approval to nearly double Hengjaya Mine’s ore sales quota and a strategic deferral of substantial ENC acquisition payments.

Adriatic Metals has announced a two-tranche institutional placement to raise A$80 million, aiming to fast-track the expansion of its Vares Processing Plant and strengthen its balance sheet ahead of commercial production.

Deterra Royalties Limited reported a solid half-year profit of $63.9 million despite iron ore price pressures, supported by strong production volumes and gold offtake performance. The company declared a fully franked interim dividend of 9.0 cents per share and maintains robust liquidity for strategic investments.

South32 reported a robust US$360 million net profit for H1 FY25, driven by strong commodity prices and operational execution, while investing heavily in growth projects like Hermosa and returning US$169 million to shareholders.

Brightstar Resources has entered a strategic earn-in agreement with Cazaly Resources, allowing Cazaly to earn up to 80% of the Goongarrie Gold Project by funding $3 million in exploration. This move streamlines Brightstar’s portfolio, enabling a sharper focus on advancing key development projects.

Adriatic Metals delivered a strong Q4 2024 with 934koz silver equivalent produced, setting the stage for commercial production at Rupice Mine in Q1 2025. The company’s financial footing and expansion plans signal confidence in scaling operations.

Metro Mining Limited delivered record bauxite shipments in Q4 2024, alongside a successful debt restructure and strong EBITDA margins, positioning the company for growth amid rising market prices.

Mayfield Group Holdings has landed a $20 million contract for the Central West Orana Renewable Energy Zone, significantly boosting its project pipeline through 2028.