Latest Gold News

Savannah Goldfields Limited reported a net cash outflow in its December 2024 quarter, highlighting ongoing operational cash burn and a heavy reliance on loan facilities to sustain activities. The company’s liquidity position raises questions about its near-term funding strategy.

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Forrestania Resources has reported significant gold exploration progress with successful maiden drilling at Ada Ann prospect confirming open mineralisation over 225m, alongside acquiring a key tenement at Bonnie Vale to bolster its strategic position.

Resources & Energy Group Limited (REZ) has resumed trial gold mining at its East Menzies Gold Project, focusing on the Maranoa deposit with a vat leach method. The company anticipates its first gold pour on February 1, 2025, marking a pivotal step toward sustained production.

Diablo Resources advances key US projects with permit progress at King Solomon and reclamation completion at Devils Canyon, while positioning for strategic growth through acquisitions.

BMG Resources pushes forward with expansion drilling at its Abercromby and Bullabulling gold projects in Western Australia, supported by a recent $1.5 million capital raise. The company navigates regulatory caution by retracting prior production targets while maintaining a focus on resource growth.

Dart Mining has completed the acquisition of the Triumph Gold Project and initiated drilling activities that have already produced encouraging rock chip assay results, signaling potential resource expansion.

Artemis Resources has secured $4 million in funding to advance drilling at its Karratha Gold Project, following promising high-grade surface sampling and a strategic leadership appointment.

Marvel Gold Limited has secured extensions for key tenement transfers in Mali, pushing deadlines to 2026 due to the ongoing closure of the Mali Cadastre. This move preserves its strategic foothold in the region amid regulatory uncertainty.

Theta Gold Mines has made significant strides in developing its TGME Gold Plant, securing $6 million in private equity and progressing an EPC contract with PowerChina's subsidiary. The company is also integrating surface gold resources into its mining schedule and advancing environmental and social governance initiatives.

APC Minerals Limited reports significant progress in its Laverton Downs gold exploration program alongside a corporate rebranding and capital consolidation, positioning the company for its next growth phase.

Challenger Gold has secured a binding toll processing agreement to fast-track production at its Hualilan Gold Project in Argentina, while also reporting promising drilling results from its Colorado V project in Ecuador and completing a strategic capital raise.