Latest Mining Finance News

Medallion Metals has shifted from project preparation to execution, with Ravensthorpe fully permitted, Forrestania acquired and Cosmic Boy refurbishment underway. The transition is funded by cash, equity and a US$50 million Trafigura facility, but production delivery and rehabilitation liabilities remain substantial tests.

DeSoto Resources has assembled about 1,300 square kilometres of gold tenure in Guinea’s Siguiri Basin, but the expansion came with a A$15.0 million FY2026 loss and a A$6.35 million write-off of Northern Territory exploration assets. The company enters FY2027 with drilling, geophysics and tenure renewals still to convert its large portfolio into a defined resource.

AusQuest has materially expanded its Cangallo copper-gold discovery in Peru, but the exploration push came with a larger loss, a sharp rise in cash outflows and an auditor warning that further funding is likely within 12 months. The company ended FY2026 with $6.35 million in cash after a $10 million placement.

Enterprise Metals has secured $1.2 million in discounted equity funding alongside a proposed board overhaul led by mining executives Phillip Gallagher and Steven Zaninovich. The incoming team will review the company’s Western Australian portfolio and decide where its limited exploration capital should go next.

Ionic Rare Earths is pushing toward commercial magnet recycling in Belfast and the United States, but its FY2026 report flags a material uncertainty over its ability to continue as a going concern. The company reported a larger A$14.9 million loss and A$13.9 million in operating cash outflows, despite government support and new strategic partnerships.

King River Resources has shifted its operational centre of gravity to the Mindoolah Gold Project, where it identified 467,659 cubic metres of historical stockpile and waste material for evaluation. The company’s $15.9 million annual profit was driven mainly by gains on Tivan securities rather than mining revenue, leaving drilling results and funding capacity as the next tests.

Gorilla Gold Mines has lifted its reported Mineral Resource to approximately 2.0Moz of gold after a year of intensive Western Australian drilling. The gain comes with strong exploration momentum, but the company remains pre-revenue and expects to seek further funding.

Focus Minerals has declared its first dividend, a fully franked A$0.08 per share payment worth approximately A$22.9 million. The distribution follows the A$250 million sale of the Laverton Gold Project and improved production from the Bonneville Underground Mine.

Rox Resources reports steady progress at Youanmi Gold Mine with processing plant construction and mining development proceeding on schedule, supporting a mid-2027 gold production target.

Core Energy Minerals (ASX:CR3) has secured $3.025 million through a discounted share placement to fund drilling and resource definition at its Nova Uranium Project in Namibia’s Erongo province.

Everest Metals has appointed Hall Chadwick as exclusive strategic adviser to explore funding and commercial pathways for its Mt Edon rubidium project, focusing on US and allied market opportunities.

Mount Hope Mining has advanced its Mt Solitary gold project with strong drilling results and metallurgical testwork, aiming for a maiden JORC Mineral Resource Estimate by the end of 2026.