Latest Mining Services News

Perenti's subsidiary AMS, through AMAX Ltd, has secured a six-month contract extension at the Iduapriem Gold Mine in Ghana, including the sale of mining equipment valued between A$30 million and A$40 million to AngloGold Ashanti.

Toubani Resources has completed its acquisition of a near 20% equity interest in Avanti Gold by issuing shares and options, extending its footprint beyond Mali into the Democratic Republic of Congo gold sector.

Neometals Ltd has restarted exploration drilling at its Barrambie Project in Western Australia, focusing on expanding known copper and gold mineralisation at the Rinaldi and Ironclad deposits.

Genesis Minerals and Vault Minerals have agreed to merge, creating a top-3 Australian gold producer with a pro-forma market cap of about A$12.66 billion and annual production of 600-700koz.

Macro Metals has secured 100% of the Yandi South Iron Ore Project, adding a historical 4.28Mt resource and promising exploration upside near major Pilbara mines. The deal complements its existing Extension Iron Project stake and mining services contracts.

Babylon Pump & Power has secured $0.4 million in convertible loans from key shareholders and plans a $12.7 million rights issue at a 35% discount to address working capital shortfalls and reduce debt.

Manuka Resources has lifted the Wonawinta Silver Mine's Ore Reserve by 28%, underpinning its imminent restart of silver and gold production with upgraded plant facilities and contracted mining operations.

Aquirian Limited reported a near tripling of EBITDA to $4.6 million in FY26, driven by a $48 million contract win for its Drillforce subsidiary and expanded production capacity at its Wubin facility.

Accent Resources NL has struck a deal to sell its Norseman Gold Project for up to A$4 million in cash, while keeping iron ore and platinum group element rights and securing a royalty stream on future mineral production.

Capricorn Metals delivered 30,437 ounces of gold in Q4 FY26 at Karlawinda, reaching the upper limit of its annual guidance, while pushing forward with key expansion projects and securing federal environmental approval for Mt Gibson.

Riversgold has been granted a 21-year mining lease for its Northern Zone Gold Project near Kalgoorlie, clearing a major hurdle for development and triggering full funding from Mega Resources under a profit-sharing agreement.

Emerald Resources has locked in major mining contracts with MACA Mining for its Dingo Range project in Western Australia and extended operations at its Okvau Gold Mine in Cambodia, underpinning its growth strategy across two continents.