Latest Mining Operations News

IGO's December quarter report reveals robust performance at Greenbushes lithium mine but significant setbacks at Kwinana and Nova, culminating in a $79 million EBITDA loss and a strategic halt on Kwinana’s Plant 2.

QPM Energy reported a 21.3% rise in electricity and gas sales revenue to $30.8 million in the December 2024 quarter, driven by strong electricity prices and strategic asset acquisition. The company also advanced its drilling program and optimized gas production despite a decline in third-party supply.

Barton Gold has confirmed significant high-grade silver alongside gold in its Tolmer gold system at the Tarcoola Project, prompting a new drilling campaign to explore the promising mineralisation further.

Austral Gold reported an 8.5% production increase in Q4 2024 alongside significant cost reductions, though full-year output fell short of forecasts due to equipment delays. The company sets ambitious 2025 targets, supported by a new toll processing deal and plant refurbishment financing.

Magmatic Resources has launched a 3,000m diamond drilling campaign at its Myall Project alongside encouraging soil sampling results at its Wellington North and Parkes projects, signaling advancing exploration momentum.

Sandfire Resources reported a 5% increase in copper equivalent production for H1 FY25, alongside a reduction in injury rates and operating costs at its Motheo operation. The company secured key approvals for a new tailings facility at MATSA, underpinning long-term growth.

Canterbury Resources has unveiled compelling drilling results at its Briggs Copper Project in Queensland, confirming a new Southern porphyry discovery and extending higher-grade mineralisation zones. These findings feed into an updated resource estimate and a scoping study due mid-2025.

Zimplats' December quarter report reveals a decline in mined and milled volumes alongside increased cash costs per 6E ounce, even as key expansion projects advance steadily.

Black Cat Syndicate has completed refurbishment and commenced commissioning at its Paulsens Gold Operation, supported by a successful $80 million capital raising that strengthens its balance sheet and growth prospects.

Mineral Resources Limited reports steady progress in Q2 FY25, maintaining full-year guidance while advancing Onslow Iron towards full capacity and securing significant liquidity through strategic asset sales.

St Barbara Limited has secured Warden Court hearing dates for early April 2025, marking a pivotal step in renewing its Simberi Mining Lease in Papua New Guinea with strong local stakeholder backing.

Adriatic Metals has transitioned from development to production, delivering strong silver equivalent output in Q4 2024 despite extreme weather disruptions, and has updated its 2025 guidance with ambitious expansion plans.