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Resources Watch
Resources Watch
27th August 2025

This week:DRDGOLD investing R7.8bn in Big Five growth projects as part of Vision 2028; Exxaro spending R5.2bn on coal mine expansion, R4.7bn on wind farm project; and, Filling solution increases... 


Flagship acquires Anglo American's Pantanillo exploration data
27th August 2025 By: Creamer Media Reporter

ASX-listed Flagship Minerals has struck a binding agreement with Anglo American Norte to acquire a large historical exploration dataset for its Pantanillo gold project in Chile. The move, Flagship... 


Bibiani mine
Asante completes $500m financing to support Ghana gold mines
26th August 2025 By: Mariaan Webb

Canada’s Asante Gold has completed a $500-million financing package that will support the development and expansion of its Bibiani and Chirano gold mines, in Ghana. The company announced on Monday... 


McFarlane Lake secures up to $25m financing for Juby acquisition
26th August 2025 By: Mariaan Webb

CSE-listed McFarlane Lake Mining has arranged as much as $25-million in financing to support its planned purchase of the Juby gold project in Ontario from Aris Mining Holdings. The Canadian... 


Aerial view of the Sanbrado mine
West African's profit rises 133% y/y on the higher gold price
26th August 2025 By: Creamer Media Reporter

Unhedged gold mining company West African Resources has lifted its net profit after tax for the six months ended June 30 by 133% year-on-year to A$214.63-million, on the back of a 39% year-on-year... 


Austral Gold reports contractor fatality at Chile mine
26th August 2025 By: Creamer Media Reporter

Austral Gold said on Tuesday that a contractor worker died following an incident at its Guanaco gold/silver mine in Chile. The company said emergency protocols were activated immediately and... 


Macmahon wins $33m contract at Indonesia’s Toka Tindung mine
26th August 2025 By: Creamer Media Reporter

Mining contractor Macmahon has secured a A$33-million contract with PT Tambang Tondano Nusajaya (PT TTN), a subsidiary of PT Archi Indonesia, for underground mining services at the Toka Tindung... 


Pan American wins Mexican antitrust nod for MAG Silver deal
Pan American wins Mexican antitrust nod for MAG Silver deal
25th August 2025 By: Mariaan Webb

Pan American Silver said on Monday that Mexico’s competition regulator had cleared its $2.1-billion acquisition of MAG Silver, paving the way for the deal to close next month. “All required... 


Americas Gold and Silver reports high-grade drill results at Galena, completes share consolidation
25th August 2025 By: Creamer Media Reporter

Precious metals miner Americas Gold and Silver on Friday announced the discovery of a high-grade extension of the 149 Vein at its Galena Complex in Idaho, US, with drill intercepts including 24 913... 


Abcourt accepts Investissement Québec loan for Sleeping Giant mine
25th August 2025 By: Creamer Media Reporter

TSX-V-listed Abcourt Mines says it had accepted loan offers totaling C$5.8-million in principal from Investissement Québec, as an agent of the government of Québec. The loan offers comprise a... 


Zeus taps into Newmont’s Morocco database
25th August 2025 By: Mariaan Webb

ASX-listed exploration company Zeus Resources is on an accelerated path to project identification and acquisitions in Morocco, announcing on Monday that it has executed a five-year licence... 


Regis delivers record A$254m profit, resumes dividend
Regis delivers record A$254m profit, resumes dividend
22nd August 2025 By: Creamer Media Reporter

Australian miner Regis Resources posted a record net profit of A$254-million for the year ended June 30, rebounding from a A$186-million loss a year earlier, as higher gold prices and strong... 


Resolute posts higher interim Ebitda
22nd August 2025 By: Sabrina Jardim

ASX-listed Resolute Mining has maintained its full-year production guidance, despite reporting a 9.3% year-on-year decrease in output to 151 460 oz for the six months ended June 30, as lower... 


DRDGOLD CEO Niël Pretorius.
Self-generation of solar served as key catalyst in DRDGOLD’s strong new growth thrust
22nd August 2025 By: Martin Creamer

There’s a wonderful gold-price tailwind behind all gold companies at the moment but it’s the self-generation of solar electricity that served as the key catalyst of change for Ergo. Following the... 


Gold Fields CEO Mike Fraser
Gold Fields lifts interim dividend as profit surges on higher gold price, strong production
22nd August 2025 By: Sabrina Jardim

Globally diversified gold miner Gold Fields has declared a dividend of R7 a share for the six months ended June 30, compared with the dividend of R3 a share declared for the first half of the 2024... 


DRDGOLD, Exxaro investments, and surging nickel demand in focus
DRDGOLD, Exxaro investments, and surging nickel demand in focus
22nd August 2025

Mining Weekly Editor Martin Creamer unpacks DRDGOLD's R7.8-billion investment in its Big Five capital growth projects; Exxaro's spend of R5.2-billion on a coal mine expansion and R4.7-billion on a... 


An image of Pan African's solar PR plant
Producer readies for biodiversity report launch
22nd August 2025 By: Nadine Ramdass

Gold producer Pan African Resources (PAR) is gearing to release its inaugural biodiversity report next month, which outlines the group’s approach to biodiversity conservation across its operations... 


ADB to provide $410m package for Barrick-run Pakistan mine, sources say
ADB to provide $410m package for Barrick-run Pakistan mine, sources say
21st August 2025 By: Reuters

he Asian Development Bank will provide a $410-million financing package to help develop Pakistan's Reko Diq copper mine, one of the world’s largest untapped deposits, which will be operated by... 


Ausgold to buy land key to development of KGP project
21st August 2025 By: Mariaan Webb

ASX-listed Ausgold has taken a big step toward advancing its 100%-owned Katanning gold project (KGP) after signing a binding agreement to acquire a substantial freehold land position critical to... 


West Wits CEO Rudi Deysel
South Africa set to open first underground gold mine in 15 years
21st August 2025 By: Bloomberg

South Africa is set to open its first new underground gold mine in 15 years – an increasingly rare event for a country that was once the world’s largest producer of the precious metal. West Wits... 


Perseus' Yaouré mine, in Côte d'Ivoire
Perseus reaches accord with Tanzania govt on how to operate the Nyanzaga mine
21st August 2025 By: Marleny Arnoldi

ASX- and TSX-listed Perseus Mining has concluded a formal signing ceremony at the Nyanzaga gold project, in Tanzania, which involved the execution of critical mission agreements between the... 


Ascot reports class action filing
Ascot reports class action filing
21st August 2025 By: Mariaan Webb

Canadian miner Ascot Resources has vowed to defend itself against a newly filed lawsuit in Ontario, which alleges misrepresentation in the company’s public disclosure relating to its Premier gold... 


The Super Pit mine forms part of Northern Star's KCGM operations.
Northern Star posts record dividend after cash surge
21st August 2025 By: Mariaan Webb

Australian gold miner Northern Star Resources on Thursday reported a record dividend on the back of surging cash flow and a stronger balance sheet, as the company pushes ahead with major growth... 


Regis denies talks over Tropicana buyout
Regis denies talks over Tropicana buyout
20th August 2025 By: Mariaan Webb

Perth-based gold miner Regis Resources has dismissed speculation over a possible acquisition of its joint venture (JV) partner AngloGold Ashanti’s 70% stake in the Tropicana gold mine, saying it is... 


DRDGOLD COO Jaco Schoeman.
DRDGOLD investing R7.8bn in Big Five growth projects as part of Vision 2028
20th August 2025 By: Martin Creamer

Johannesburg- and New York-listed DRDGOLD on Wednesday outlined its plans to invest around R7.8-billion in its Big Five capital growth projects, two on the well-established East Rand and three on... 


Namibian flag
Wia Gold to raise A$30m for Namibia project DFS
20th August 2025 By: Marleny Arnoldi

ASX-listed Wia Gold has received binding commitments to raise A$30-million from the issue of 100-million new shares at a price of $0.30 apiece to existing, sophisticated and institutional... 


DRDGOLD's Ergo plant.
DRDGOLD doubles final dividend on high revenue and operating profit
20th August 2025 By: Martin Creamer

Johannesburg Stock Exchange-listed DRDGOLD on Wednesday declared a final 2025 cash dividend double that of last year, reflecting an increase of 26% in group revenue to R7 878.2-million and an... 


Adelong, Great Divide clash over Challenger mine as JV dispute deepens
Adelong, Great Divide clash over Challenger mine as JV dispute deepens
20th August 2025 By: Mariaan Webb

Precious metals company Adelong Gold escalated its standoff with joint venture (JV) partner Great Divide Mining over the Challenger gold mine in South Australia, invoking a formal dispute... 


Argentina's Gualcamayo gold mine eyes $665m investment under incentive programme
19th August 2025 By: Reuters

Argentina's Gualcamayo gold mine is aiming to build a new $665-million project it hopes will qualify for a new government incentive program, executives said in a recent press tour of the site.... 


northam platinum mine
Mining cost inflation, lower prices cause Northam profits to slump 25% despite record sales
19th August 2025 By: Darren Parker

Platinum group metals (PGMs) miner Northam Holdings has reported a 25.5% year-on-year decline in operating profit to R3.6-billion for the year ended June 30, as rising mining cost inflation and... 


Allegiant consolidates ownership of Nevada’s Bolo gold project
19th August 2025 By: Creamer Media Reporter

Canada-listed Allegiant Gold on Monday announced the acquisition of the remaining 49.99% interest in the Bolo gold project, in Nevada, from CopAur Minerals, giving the company full ownership of the... 


Magnetic raises A$35m to advance Lady Julie gold project
19th August 2025 By: Creamer Media Reporter

Gold explorer and developer Magnetic Resources has raised A$35-million through a single-tranche placement to sophisticated, professional and institutional investors. The company will issue about... 


The Cariboo gold project
Osisko Development raises $203m to fund Cariboo gold project
19th August 2025 By: Creamer Media Reporter

NYSE- and TSX-V-listed Osisko Development on Friday closed a $203-million private placement to fund its Cariboo gold project in Canada. The offering comprised 99.1-million units priced at $2.05... 


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