Record production carries MinRes above guidance

By Chloe Coutinho

Wednesday, 29 July 2026

News

Mineral Resources (ASX: MIN) met or exceeded its FY26 volume and cost guidance across all business segments, with record production from its mining services, iron ore and lithium businesses.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

Evolution mining doubles profit

Evolution Mining doubles profit

Evolution Mining doubles profit Evolution Mining (ASX: EVN) has seen record high profit in FY25, driven by increased production alongside favourable commodity prices. The miner has reported a statutory net profit of $926m, up by 119% from FY24. Evolution Mining managing director and chief executive Lawrie Conway says the record financial performance was achieved through safely delivering to plan across all of its operations. “Our cost and production performance in the year saw our balance sheet continue to strengthen, with gearing levels falling while successfully delivering several major capital projects,” he said. “We have also...

Kincora, as the early entrant, has secured a district scale position in the interpreted shallow-to-moderate covered core sections of the Northern Junee-Narromine Belt (NJNB) by pegging Nyngan and Nevertire which are now in partnership with AngloGold Ashanti.

AngloGold Ashanti teams up with Kincora for NSW copper-gold exploration

AngloGold Ashanti teams up with Kincora for NSW copper-gold exploration Kincora Copper Limited (ASX: KCC) and earn-in partner AngloGold Ashanti will soon begin the first ever copper-gold drilling program at the northern portion of the Nyngan project, with about 6-8 drill holes for an estimated 4000-5000m before the summer break. AngloGold Ashanti, the world's fourth largest gold miner by production, has a successful track record with greenfields discovery. Kincora is managing the exploration program and will receive a 10%...

Mining starts at Warrawoona Gold Project in WA’s Pilbara

Mining starts at Warrawoona Gold Project in WA’s Pilbara

Calidus Resources Limited (ASX:CAI) has achieved another key construction milestone, with mining underway at its Warrawoona Gold Project in the East Pilbara, WA. Ore is now being delivered to the Run of Mine (ROM) pad, ensuring the project remains on schedule for production in the June quarter of next year. There has also been more strong progress at the processing plant, with the crusher successfully installed. The plant is now 53% complete, with preliminary works for the SAG mill installation well underway. This is being funded by a loan from Macquarie Bank that was divided into a Facility A Senior Secured Loan of $85M and a Facility B of $25M Mezzanine Debt. Facility B has been fully drawn and Facility...

US company makes $723m bid for NSW critical minerals

US company makes $723m bid for NSW critical minerals

US company makes $723m bid for NSW critical minerals Larvotto Resources (ASX: LRV) received an unsolicited takeover bid from the US Antimony Corporation (USAC), equivalent to $1.40 per share, after the close of trading on Friday. The offer was made following USAC’s lodgement of a substantial shareholder notice aftermarket, notifying Larvotto that it had acquired 51,685,160 ordinary shares, representing 10.0% of the company's shares on issue. Larvotto is actively advancing its portfolio of critical minerals projects including the Hillgrove antimony-gold project in NSW, the large Mt Isa copper, gold and cobalt project adjacent to Mt Isa townsite in Queensland and the Eyre...

Record Underlying EBITDA increased 57% year-on-year, driven by consistent and on-plan production delivery and higher gold and copper prices.

NewsProjects & Operations

Gold price spike lifts Evolution to record half year

Evolution Mining (ASX: EVN) has delivered strong H1 FY26 results, with net profit after tax more than doubling to $766.6m from the year before as the gold price surged through Q2.

Multiple holes reported high-grade intersections, including 4m @ 9.7g/t gold from 24m 25CD011 within a broader zone of 8m @ 5.1g/t gold.

Exploration & DiscoveryNews

High-grade gold discovered in the Murchison

Golden Dragon Mining’s (ASX: GDR) exploration program has intersected high-grade gold close to surface at an advanced gold target within the greater Cue gold project in WA.

Orica’s Yarwun facility supplies essential products to mining, agriculture and infrastructure customers throughout Australia and around the world.

Orica to halve Yarwun emissions

Orica to halve Yarwun emissions Orica (ASX: ORI) announced a project to eliminate about 50% of greenhouse emissions at its Yarwun manufacturing facility in Queensland. By deploying tertiary abatement technology Orica expects to eliminate about 200,000t of carbon dioxide equivalent annually. The installation of two tertiary abatement reactors is expected to reduce Australia’s overall industrial chemical sector emissions by 4% and Queensland’s emissions for the same sector by about 16%, according to Orica. (Image source: Orica) Orica says this tertiary abatement will provide customers with lower carbon intensive products and enable...

Upon completion, Spartan executive chairman Simon Lawson will join the Ramelius Board as non-executive deputy chair and Deanna Carpenter will join as a non-executive director.

Ramelius to acquire Spartan for $2.4b

Ramelius to acquire Spartan for $2.4b Ramelius Resources (ASX: RMS) is set to acquire all remaining Spartan Resources (ASX: SPR) shares that it does not already own. The transaction will create a leading Australian gold producer with a combined group mineral resource estimate of 12.1moz of gold and ore reserve of 2.6moz of gold, according to the companies. The merger sees complementary and proximate assets coming together, with significant work already undertaken to optimise synergies between Mt Magnet and Dalgaranga. As a result, the combined group is looking to increase production...