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Global gold mining resource and operational updates

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2026-08-27 09:15 UTC → 2026-08-28 02:53 UTC · added removed

Gold mining operations and resource assessments have seen significant developments in Chile and Australia. In Chile, Galantas Gold received authorization from the National Geology and Mining Service (Sernageomin) to reactivate its Andacollo project in the Coquimbo Region, allowing for the resumption of operations at several waste deposits. Additionally, Tesoro Gold Limited announced has provided further detail regarding its El Zorro project, reporting an updated mineral resource estimate for the Ternera deposit at its El Zorro project, reporting deposit. This estimate includes 1.82 million ounces of gold within 51.6 million tonnes at 1.10 grams per tonne gold. g/t Au, with 78% of the resource now classified as measured and indicated. This update, following an extensive infill drilling program, update serves as the foundation basis for calculating an initial ore reserve calculation expected in September 2026. In Australia, Torque Metals previously reported high-grade gold intercepts at the Ritz gold project in Western Australia, noting significant concentrations during project. More recently, Australian Gold and Copper mobilized a reverse circulation drill rig to test the shallow oxide zone at Evergreen in New South Wales, following diamond drilling that intersected mineralization including a 21m interval containing 0.4g/t gold, 5g/t silver, and 6.4% combined lead and zinc. Additionally, Austral Gold reported a financial turnaround in its 2026 half-year results, posting a net profit after tax of US$15.5 million on revenue of US$66.6 million, supported by increased production at the HHH deposit. Casposo and Guanaco operations and an extension of the Guanaco mine life to 14 years.

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  1. 2026-08-28 02:53 UTC Global gold mining resource and operational updates
  2. 2026-08-27 09:15 UTC Global gold mining resource and operational updates

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