Latest Underground Mining News

Vertex Minerals has completed construction and begun commissioning of its Gravity Gold plant at the Reward Gold Mine, supported by significant capital raises and strategic hires.

Medallion Metals Limited advances acquisition talks with IGO Limited for the Cosmic Boy Process Plant while reporting strong drilling results and a promising scoping study for its Ravensthorpe Gold Project.

Mastermyne Group Limited reported a 14% rise in EBITDA to $4.1 million for FY25 Q2, even as revenue fell 10% due to operational disruptions at Anglo American’s Grosvenor mine. The company secured key contract extensions and maintained a strong cash position, positioning itself for growth amid sector uncertainties.

PolarX Limited's latest quarterly report reveals significant extensions of high-grade copper mineralisation at its Caribou Dome Copper Project, deepening the resource to over 300 metres and enhancing prospects for underground mining.

CuFe Limited has announced a substantial update to its Orlando Copper-Gold Mineral Resource Estimate, nearly doubling copper and gold quantities and significantly enhancing the Tennant Creek Project's overall resource base.

Maronan Metals has successfully completed its 2024 drilling program, delivering robust silver-lead assay results that reinforce the resource model and accelerate mine development studies. The company is on track for a resource update in April 2025 and progressing key permitting milestones.

Sunshine Metals Ltd reports a substantial upgrade to its Ravenswood Consolidated Project, with a 57% rise in contained gold and positive drilling and metallurgical results underpinning the growth.

Advance Metals Limited has significantly expanded its portfolio with binding agreements to acquire high-grade silver and gold projects in Mexico and Australia, setting the stage for an active 2025 exploration campaign.

Brightstar Resources has consolidated its position as a rising gold producer with key acquisitions expanding its resource base beyond 3 million ounces and the commencement of ore haulage under a new processing agreement. The company’s December quarter report outlines a robust production growth strategy supported by a $30 million capital raise and ongoing exploration success.

Focus Minerals Ltd. reported record ore processing at its Three Mile Hill plant and significant progress on the Bonnie Vale Underground Mine during the December 2024 quarter, supported by a solid cash position of $16.5 million.

Besra Gold Inc. reports a robust cash position of A$23.2 million, supporting the expanded Jugan Bankable Feasibility Study that now includes a hybrid open-pit and underground mining approach. The renewal of the Jugan mining lease remains pending but progress continues with key metallurgical and geotechnical work underway.

Tribune Resources Ltd delivered a robust December 2024 quarter with increased gold production and a strong net cash inflow, underpinned by ongoing exploration and operational advancements.