Latest Papua New Guinea News

St Barbara Limited updates its FY25 gold production guidance amid temporary mining delays caused by heavy rainfall at Simberi, while maintaining steady cost expectations and financial resilience.

Mayur Resources has marked significant progress at its Central Lime Project in Papua New Guinea, completing key wharf infrastructure and ordering essential construction equipment ahead of major build phases.

Santos Limited has received a compelling non-binding proposal from the XRG Consortium to acquire the company at a significant premium, prompting the board to engage in due diligence and negotiations. This move could reshape the Australian energy landscape if finalized.

Tolu Minerals has launched a major exploration campaign targeting historically rich gold veins near the Tolukuma Gold Mine in Papua New Guinea, aiming to expand its mineral resources with drilling planned for Q3 2025.

ENRG Elements Limited announces significant board reshuffle, appointing seasoned mining executives to key leadership roles while two directors resign.

Geopacific Resources has reported impressive high-grade gold assay results from surface auger sampling at its Woodlark Gold Project, extending known mineralisation and setting the stage for a substantial 30,000-metre drilling campaign.

St Barbara Limited is set to acquire a substantial 14.4% holding in Geopacific Resources by exchanging its Patronus shares, aligning two key players in Papua New Guinea’s gold sector. This strategic move could reshape development prospects for the Woodlark Gold Project.

St Barbara Limited is set to exchange its Patronus Resources shares for a significant stake in Geopacific Resources, aligning with its active portfolio management strategy and deepening ties to Papua New Guinea mining projects.

St Barbara Limited reports significant extensions of gold anomalies on Southwest Tatau Island, PNG, with rock chip samples hitting up to 22.5 ppm gold and soil anomalies now spanning 7.3 square kilometres, rivaling nearby Simberi Island.

Gold Mountain Limited has issued nearly 486 million shortfall shares to underwriter Jose Luis Manzano, lifting its recent trading halt. A second tranche to Magnus Capital awaits shareholder approval, marking a pivotal step in the company’s capital raising.

Kingston Resources has agreed to sell its Misima Gold-Silver Project for $95 million, bolstering its balance sheet to accelerate growth at the Mineral Hill gold-copper operation. The transaction positions Kingston to expand production and exploration in the southern Cobar Basin.

Kingston Resources has agreed to sell its Misima Gold Project to Ok Tedi Mining for $95 million, strengthening its balance sheet and enabling a strategic pivot towards expanding its Mineral Hill copper and gold operations.