Latest Mining Operations News

Almonty Industries posted a modest revenue rise in Q1 2025 but faced a steep net loss due to warrant revaluation, while securing key U.S. defense contracts and advancing its flagship Sangdong tungsten mine.

Newfield Resources has taken a significant step forward with a new management partnership for its Tongo Diamond Mine, while facing legal challenges over the termination of its Tonguma Mine agreement.

Lindian Resources has assured investors that its bauxite projects in Guinea remain untouched by recent government mining license cancellations, underscoring stable progress despite regulatory upheaval.

Brightstar Resources has announced significant upgrades to its gold Mineral Resource Estimates at Laverton and Menzies, enhancing confidence in near-term mining operations ahead of its 2025 Definitive Feasibility Study.

Midas Minerals has secured an option to acquire up to 80% of a highly prospective Exclusive Prospecting Licence near its Otavi Project in Namibia, targeting significant historic gold and copper anomalies.

Perenti’s underground mining arm, Barminco, has locked in a $500 million contract extension at the Agnew Gold Mine, reinforcing a decade-long partnership with Gold Fields and promising steady earnings.

Askari Metals offers holders of expired AS2O options a priority issue of new options, while advancing due diligence on a promising Ethiopian gold project.

Almonty Industries reported a sharp increase in net loss for Q1 2025 despite stable revenues, driven by significant non-cash charges on warrant and derivative liabilities. The company secured additional financing to support ongoing operations and project development.

Babylon Pump & Power has successfully closed its institutional entitlement offer, raising over $1 million through the issuance of 271 million new shares. A retail entitlement offer is set to follow, providing existing shareholders another chance to participate.

Catalyst Metals has received the final environmental approval to begin mining at its Trident Gold Project, marking a key step in its plan to double production at the Plutonic Gold Belt.

Tempest Minerals reports promising initial metallurgical results from its Remorse Iron discovery in Western Australia, highlighting high-grade iron concentrate with low impurities. Further test results are anticipated, underpinning ongoing project development.

Lanthanein Resources has confirmed primary gold mineralisation at its Lady Grey Project in Western Australia, with diamond drilling intersecting promising grades aligned with prior geophysical and geochemical targets.