Latest Underground Mining News

Genesis Minerals has tabled a binding A$5.6 billion merger proposal for Vault Minerals, offering a mix of shares and cash that values Vault at a premium to a rival bid. The combined entity would dominate the Leonora-Laverton gold district with significant operational synergies and a strong balance sheet.

Antipa Minerals’ latest Pre-Feasibility Study update reveals strong metallurgical results with gold recoveries up to 98% and improved geotechnical parameters that could reduce underground mining at Minyari Dome.

Kingston Resources has launched a fully underwritten $8.47 million rights issue priced at 3.5 cents per share to support a major drilling campaign and plant expansion at its Mineral Hill project.

Genesis Minerals delivered on its FY26 gold production targets for the third consecutive year, advancing the Tower Hill project ahead of schedule and completing the Magnetic Resources acquisition.

Sentinel Metals (ASX: SNM) is set to nearly double its North American gold resources to 2 million ounces by acquiring Capricorn Metals' Big Springs project in Nevada for up to $26 million, combining cash, shares, and milestone payments.

Sentinel Metals (ASX: SNM) is set to nearly double its North American gold resources with the acquisition of the Big Springs Gold Project in Nevada, adding 1.01 million ounces to its portfolio alongside Montana’s Columbia Project.

Kingston Resources has reported standout underground drilling results at its Red Terror deposit, Mineral Hill, revealing high-grade gold and copper extensions beyond current resource boundaries and opening new exploration avenues to the north and at depth.

Brightstar Resources is progressing construction at its Goldfields Project on time and budget, targeting first gold by June 2027 while securing gold price downside protection through put options.

Broken Hill Mines has restarted open pit mining at its Pinnacles Mine, delivering the first silver-lead-zinc ore to its Rasp Processing Plant and adding a third high-grade feed source to improve plant utilisation.

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.

Cobre Limited is progressing a major upgrade of its Sierra Atacama copper project in Chile, aiming to convert a large foreign resource estimate into a JORC-compliant Mineral Resource Estimate while launching a 40,000-metre drilling program targeting near-mine expansion and deeper sulphide mineralisation.

Mithril Silver and Gold has upgraded its Target 1 resource at the Copalquin project, delivering a 196% increase in indicated ounces and incorporating mining dilution to better reflect practical extraction scenarios.