Latest Underground Mining News

Besra Gold Inc has updated its Bau Gold Project resource to 2.28 million ounces and is intensifying efforts to renew a critical mining lease, signaling a strategic reset for the company.

Andean Silver Limited reports exceptional drilling results at its Cerro Bayo Project, boosting mineral resources by 340% since acquisition and securing A$30 million in capital to accelerate exploration and feasibility studies.

Redcastle Resources has formed a strategic joint venture with BML Ventures to fast-track gold production at its Queen Alexandra and Redcastle Reef deposits, while expanding its Eastern Goldfields footprint through major tenement acquisitions.

Kingston Resources reported a 10% revenue increase to $15.8 million in Q1 FY26, driven by higher gold and silver output and successful flotation plant commissioning. Underground mining preparations are advancing, setting the stage for a production ramp-up.

Coronado Global Resources reported its highest saleable coal production since early 2021, driven by ramped-up operations and expansion projects, while securing a $265 million loan facility to bolster liquidity amid ongoing market challenges.

Zimplats delivered steady mined and milled volumes in Q1 FY2026 with improved safety performance and significant cost increases. Major capital projects remain on track despite operational challenges.

Meeka Metals reports exceptional underground gold grades exceeding 100 g/t at its Andy Well mine, accelerating development and production at the Murchison Gold Project.

SSH Group Ltd reports a robust 17% revenue increase for Q3 2025, bolstered by a $2.53 million strategic placement from Xinhai Mining Services, advancing key gold projects and expanding its mining services footprint in Western Australia.

Rand Mining reported steady gold production and promising exploration results in the September 2025 quarter, alongside an improved cash position despite rising operating costs.

Carnavale Resources has significantly upgraded its Kookynie Gold Project with a new resource estimate and scoping study, underpinning strong economics and a clear path to production. A $3 million placement and a $4.09 million entitlement offer support advancing to a Bankable Feasibility Study in 2026.

Ballard Mining accelerates exploration at its fully permitted Mt Ida Gold Project, revealing a substantial new exploration target alongside a robust existing resource base.

Dreadnought Resources has upgraded its scoping study for the Star of Mangaroon gold project, increasing the initial production target by 24% to approximately 24,700 ounces at 8.3 g/t gold, while halving the maximum cash drawdown to $5.4 million.