Latest New Zealand News

Kalgoorlie Gold Mining has secured A$2.3 million through a placement and launched a fully underwritten A$1.1 million entitlement offer to fund exploration at its Pinjin Gold Project. The capital will target new drilling at the Lighthorse discovery, where earlier assays included high-grade gold within broader mineralised intervals.

EBOS Group has confirmed a total FY2026 final distribution of NZD 0.63670588 per share, with payment due on 18 September. The update also fixes the dividend reinvestment price at NZD 20.47, a 2% discount to the relevant NZX VWAP.

JB Hi-Fi delivered record FY2026 sales of $11.06 billion and lifted its fully franked ordinary dividend by 22.5% to 337 cents per share. The early FY2027 trading update was less assured, with Australian sales and The Good Guys declining in July as shoppers waited for promotions and technology supply remained constrained.

Barramundi’s portfolio surged in August, delivering a 6.7% adjusted NAV return against a 1.9% benchmark gain. The recovery leaves the NZX-listed investment company trading at a 13.2% discount to its underlying portfolio value.

WasteCo is asking eligible New Zealand shareholders for up to NZ$750,000 in fresh equity as it tackles NZ$40.1 million of debt, a FY2026 loss and an aggressive operational reset. The non-underwritten plan follows a separate placement and is priced at NZ$0.007 per share.

New Age Exploration reported its strongest exploration results to date across three projects, including a 11.0 g/t gold intercept at Wagyu and a new mineralised zone at Lammerlaw. But the explorer’s $4.21 million loss, $2.48 million impairment and auditor-flagged going concern uncertainty leave its next drilling campaign dependent on further funding.

Bannerman Energy has completed a fully underwritten A$124 million institutional placement, giving the Etango uranium project a funding pathway through construction and ramp-up. The company now turns to a targeted Q4 2026 Final Investment Decision, while a further non-underwritten shareholder offer could raise up to A$10 million.

Eagers Automotive has signed a non-binding agreement to acquire a 50% interest in Zagame Automotive Group, gaining exposure to 14 premium and luxury vehicle brands across Melbourne and Adelaide. The company expects the proposed joint venture to be immediately earnings accretive, although completion remains conditional and no transaction value has been disclosed.

West African Resources delivered A$437 million in first-half net profit after tax as Sanbrado and Kiaka combined for their first full six months of production. The gold miner will return A$228.8 million to shareholders while accelerating debt repayments.

FOS Capital has secured firm commitments for a non-underwritten $1.86 million placement at $0.12 a share and will seek up to another $750,000 through a Share Purchase Plan. The raise will fund working capital, the Queensland Schools Lighting Upgrade Program, Aldridge Traffic Systems expansion and cost-reduction initiatives.

Echelon Resources delivered a sharp FY26 earnings increase after selling its Cue Energy stake, repaying debt and simplifying its portfolio. The headline profit includes a substantial disposal gain, leaving Palm Valley drilling and Amadeus Basin production to demonstrate the next phase of value creation.

Bannerman Energy has launched a fully underwritten A$124 million placement that it expects will fund its share of the Etango uranium project through construction and ramp-up. The raising follows confirmation that CNOL’s strategic investment and joint venture conditions have been satisfied or waived.