Latest Underground Mining News

Vertex Minerals has renegotiated a $3 million loan and secured an additional $1.5 million facility to support underground development and gold production at its Reward Gold Mine, aiming to repay from positive cash flow in 2026.

Medallion Metals has confirmed high-grade historical gold mineralisation at the Lounge Lizard deposit within its newly acquired Forrestania Gold Project, setting the stage for a maiden resource estimate targeted for the third quarter of 2026.

Savannah Goldfields reports steady gold pours at its Georgetown plant through early 2026, with a planned maintenance pause and a clear roadmap to resume mining and processing activities in the coming months.

Aguia Resources has reported its best-ever gold production at the Santa Barbara project in Colombia, with metallurgical improvements driving recovery rates above 85%. The company is poised to achieve positive cash flow soon as it completes plant mechanisation and optimises mining operations.

Pantoro Gold is set to commence development of its third underground mine at the Norseman Gold Project early in FY27, targeting high-grade ore and production growth. The move follows strong drilling results and resource confidence, underpinning the company’s ambitious expansion strategy.

Pantoro Gold has reported a robust first half of FY2026 with record EBITDA and cash flow, while revising full-year production guidance due to weather and operational transitions. The appointment of Redpath as sole underground contractor signals a strategic move to streamline operations and support future growth.

Lycopodium Limited has landed a major A$118 million contract to engineer and supply the Tulu Kapi Gold Project in Ethiopia, marking a significant step toward full gold production by mid-2028.

Group 6 Metals Limited has reported a striking turnaround with a $25.6 million revenue haul and a return to profit, driven by soaring tungsten prices and operational gains at its Dolphin Tungsten Project. The company is now gearing up for underground mining to sustain growth.

Advanced Braking Technology Ltd has reported a record half-year performance for 1H26, driven by strong demand for its SIBS Failsafe braking systems and progress in autonomous braking technology.

Wia Gold’s latest drilling results at the Kokoseb Gold Project in Namibia reveal significant high-grade gold mineralisation extending well beyond the current open-pit resource, boosting underground mining prospects.

PC Gold has extended the Main Zone strike at its Spring Hill Gold Project by 80 metres south, revealing high-grade gold mineralisation within the existing open pit footprint. This discovery could significantly enhance the project’s resource base and economics as drilling continues.

Red Mountain Mining has reported outstanding high-grade antimony and anomalous gold assay results from its Thompson Falls Antimony Project on the Montana-Idaho border, signalling promising resource potential near the only operating US antimony smelter.