Latest Sustainability News

Xstate Resources confirms Diona-1 as a gas discovery with strong reservoir pressure but faces challenges removing completion fluids. The company is exploring advanced methods to clear the wellbore and enable sustained production.

Pacgold has restarted drilling at its Vertigo deposit and begun irrigating 100,000 tonnes of re-crushed material at White Dam, aiming to accelerate production restart and resource growth.

GoldArc Resources has unveiled a standout 106g/t gold intercept from its ongoing grade control drilling at Mt Stirling, reinforcing the deposit's high-grade shoot potential and advancing mine planning under a partner-funded program.

Promisia Healthcare reported a robust 29% increase in operating revenue for FY26, alongside a new dividend policy tied to operating free cash flow, setting the stage for continued growth in FY27.

Blackpearl Group has posted a record 114% jump in Annual Recurring Revenue to NZD 26.8 million, powered by its Pearl Engine vertical AI model that benchmarks 25 times better than leading generalist AI. Despite deepening losses, the firm targets balanced growth and cash conversion in FY27.

Mainfreight reported a 2.8% revenue increase to NZ$5.38 billion for FY26, but profit before tax declined 8.5% to NZ$350.9 million, weighed down by higher overheads and regional challenges. The company declared a steady final dividend and outlined ongoing network expansion plans.

Stride Property Group posted a 44% jump in FY26 profit after tax to $31.3 million, driven by strategic portfolio moves, management fee growth, and sustainability progress. The group maintained an 8.0cps dividend amid a $1.4 billion diversified property portfolio and a strong balance sheet.

WA Kaolin shakes up its board with two resignations and a new director appointment, moving to lift its trading suspension and steer the next phase of its Wickepin kaolin project development.

Magnetic Resources reveals shareholder election trends ahead of Genesis Minerals takeover, highlighting cash consideration shortfall and resulting scaleback adjustments.

Neuren Pharmaceuticals reported a 15% rise in 2025 royalties from DAYBUE®, boosted by strong US sales and a new powder formulation launch. The company is progressing its pivotal Phase 3 trial for NNZ-2591 in Phelan-McDermid syndrome and reassessing capital management amid solid cash reserves.

Metro Performance Glass has significantly improved its financial footing in FY26, cutting net debt by more than half and boosting EBITDA before significant items to $18.2 million despite subdued markets in New Zealand and Australia.

International Graphite Limited and Italian chemical producer Alkeemia have formalised a joint venture to develop a major graphite processing facility in Porto Marghera, Italy, targeting 15,000 tonnes per year by 2029 with first production expected in 2027.