Latest Underground Development News

Aguia Resources has implemented strategic operational changes at its Santa Barbara Gold Project in Colombia, achieving a 70% gold recovery rate in December and targeting over 80% in early 2026.

Larvotto Resources has initiated underground development at its Hillgrove Antimony-Gold Project, marking a pivotal step toward resuming production with a comprehensive four-year plan.

Develop Global Limited has landed a significant A$200 million contract to build underground access tunnels at OceanaGold’s Waihi North Project in New Zealand, marking a major milestone for its mining services division.

Variscan Mines has secured government approval for its Preliminary Mining Plan, enabling critical pre-works and trial mining at the San Jose Mine in Spain. This milestone accelerates the company’s strategy to restart production with minimal capital expenditure.

Tolu Minerals Limited has revealed significant progress at its Tolukuma Gold Mine in Papua New Guinea, targeting resource expansion and first production by mid-2026. The company’s extensive drilling campaign and new infrastructure promise to reshape its growth trajectory.

Rox Resources has ramped up operations at its Youanmi Gold Project, transitioning to 24-hour mining and completing key infrastructure ahead of production. The company is advancing permitting and financing milestones to maintain its development momentum.

FireFly Metals has launched a dual capital raising initiative, combining a $5 million Share Purchase Plan for eligible shareholders and a C$15 million Canadian flow-through share offer, aimed at funding key development and exploration activities at its Green Bay Copper-Gold Project.

Benz Mining reports significant high-grade gold extensions at Zone 126 and a new Lens 5 discovery at its Glenburgh Gold Project, highlighting strong potential for resource growth and new district-scale targets.

Regis Resources’ latest exploration update reveals strong drilling results across key targets at Duketon and Tropicana, underscoring significant growth potential and resource extensions.

Pinnacle Minerals has launched its first modern exploration program at the Antimony Queen Project in Washington State, aiming to unlock the potential of a historic antimony-gold district within a critical US minerals corridor.

FireFly Metals has raised approximately A$139 million to accelerate exploration and development at its Green Bay Copper-Gold Project in Canada, setting the stage for a major resource expansion and a Final Investment Decision in 2026.

Pantoro Gold's latest drilling at the Scotia Underground Mine reveals high-grade gold mineralisation extending 135 metres below current resources, reinforcing the mine's long-term potential within the Norseman Gold Project.