Latest Underground Mining News

Yancoal’s June quarter report reveals steady coal production despite weather disruptions and a dip in realised prices, supported by a robust $1.8 billion cash reserve. The company remains confident in hitting upper-end production guidance amid ongoing market volatility.

Adelong Gold Limited has successfully completed its first gold pour at the Challenger Gold Mine, marking its transition from explorer to producer and validating its joint venture strategy.

Santana Minerals reports significant high-grade assay results from drilling at the northern extensions of its Rise and Shine gold deposit, bolstering prospects for resource upgrades and mine life extensions.

Brightstar Resources reports a 25% production increase at its Second Fortune mine and unveils a promising new lode, while ore haulage begins at its Fish underground operation.

Wia Gold Limited has significantly upgraded its Kokoseb Gold Project resource to 2.93 million ounces, advancing steadily toward a Definitive Feasibility Study targeted for late 2026. The company’s accelerated drilling and strong high-grade results underpin its ambition to become Namibia’s fourth commercial gold mine.

Wia Gold Limited has announced a 38% increase in the Kokoseb Gold Project's mineral resource estimate to 2.93 million ounces, with a majority now classified as Indicated resources. This milestone underpins advancing feasibility studies and highlights promising high-grade zones in Namibia.

Rio Tinto reports a robust 13% year-on-year increase in copper equivalent production for Q2 2025, alongside record bauxite output and progress on key projects like Simandou and Oyu Tolgoi. The company maintains its 2025 guidance, signaling confidence in its diversified growth strategy.

MC Mining’s subsidiary, Uitkomst Colliery, has launched a strategic Turnaround Plan aimed at operational restructuring and cost reduction, positioning the mine for growth amid a challenging coal market.

Dundee Precious Metals Inc. (DPM) has announced a recommended acquisition of Adriatic Metals Plc, valuing the company at approximately USD 1.322 billion. The deal offers Adriatic shareholders a mix of cash and shares, representing a significant premium and marking a major consolidation in the precious metals sector.

Iltani Resources has completed its JORC infill drilling program at the Orient West Silver-Indium Project in Queensland, delivering multiple high-grade assay results that confirm mineralisation continuity and set the stage for an initial JORC Resource estimate by July’s end.

Stellar Resources has extended its Memorandum of Understanding with Australian Hualong to explore using existing infrastructure near its Heemskirk Tin Project, aiming to enhance development plans and increase tin production.

Tyranna Resources has agreed to acquire a 70% interest in the Maongo Copper-Gold Project in Angola, marking a strategic expansion into demand-driven metals with promising historical mining activity and strong infrastructure access.