Latest Underground Development News

Kingston Resources has extended the high-grade upper A Lode at its Southern Ore Zone, Mineral Hill, with drilling confirming mineralisation continuity east and south, supporting resource growth and a longer mine life.

Catalyst Metals has secured forward contracts for 30,000 ounces of gold at a fixed price of A$6,075 per ounce, covering about a quarter of its upcoming production and providing a buffer against price swings starting August 2026.

Alkane Resources has reported strong high-grade gold intercepts and the deepest mineralisation to date at its Björkdal Gold Mine in Sweden, underpinning potential resource growth and mine-life extension.

Orezone Gold outlines 2026 production and cost outlook for its newly acquired Casa Berardi mine, highlighting a transitional phase with higher costs and planned exploration ramp-up.

Ballymore Resources has kicked off a deep Magnetotelluric survey at its Dittmer Project, aiming to pinpoint a concealed porphyry copper-gold system beneath a historic high-grade gold mine while advancing underground development and resource drilling.

Cobre Limited has achieved a swift operational turnaround at its Sierra Atacama copper mine, generating positive operating cash flow within two months of assuming control. The company targets a significant production ramp-up supported by capital investments and ongoing optimisation.

Catalyst Metals has delivered a record 31,812 ounces of gold in the latest quarter and 104,000 ounces for FY26 from the Plutonic Gold Belt, doubling quarterly production since acquisition and maintaining a strong cash position.

Vault Minerals met its FY26 gold production guidance with 336,540 ounces and has kicked off underground development at Sugar Zone, setting the stage for a plant restart in early FY28.

Vertex Minerals launches a $2.5 million Share Purchase Plan at $0.10 per share, offering eligible shareholders a chance to invest ahead of commercial gold production at Reward Gold Mine.

West Wits Mining has locked in a R875 million (~USD 53 million) senior loan facility, receiving an initial R339 million drawdown that fully funds its Qala Shallows project through to steady-state gold production of 70,000 ounces per annum.

Catalyst Metals has completed the Trident open pit and is progressing underground development on schedule, aiming to boost gold production at its Plutonic processing plant to 200koz annually.

West Wits Mining has fully repaid its USD 12.5 million Nebari loan facility, unlocking the path to financial close and imminent drawdown of a ZAR 875 million (~USD 53 million) senior loan. This milestone underpins the Qala Shallows Project’s ramp-up to steady-state gold production.