Category: Projects & Operations

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.

Rio says it came to this view through the lens set out at its Capital Markets Day in December 2025 — prioritising long-term value and delivering leading shareholder returns.

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Rio Tinto rules out Glencore merger

Rio Tinto (ASX: RIO) has confirmed it is no longer considering a possible merger or other business combination with Glencore.

Regis reassesses ‘unviable’ $1b gold mine

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Regis reassesses ‘unviable’ $1b gold mine

Regis Resources (ASX: RRL) is proposing a new development approach for its McPhillamys mine in NSW, which was derailed in 2024 by an Indigenous heritage ruling.

PLS reported two recordable injuries at Pilgangoora during Q2.

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PLS weighs Ngungaju restart as revenue jumps 49%

PLS (ASX: PLS) has flagged a potential restart of its 200ktpa Ngungaju processing plant as recovering spodumene prices helped net a Q2 revenue of $373m.

Revenue was up 91% quarter-on-quarter to $130m from six parcels sold totalling 112,122dmt.

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Liontown goes fully underground as lithium prices rally

Liontown (ASX: LTR) has completed mining at the Kathleen’s Corner open pit, positioning Kathleen Valley as a fully underground mining operation.

Deloitte: Australia’s mining industry ‘in the eye of the storm’

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Deloitte: Australia’s mining industry ‘in the eye of the storm’

The mining industry is at a critical crossroads — produce more while decreasing spend, using less and working faster.

(Image source: Iluka Resources) Iluka shares were down about 14% following the announcement.

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Mineral sands downturn forces $565m Iluka adjustment

Critical minerals producer Iluka Resources (ASX: ILU) has flagged a $565m pre-tax hit tied to its mineral sands business as weak demand continues to weigh on prices.

Kwinana lithium hydroxide production declined to 2120kt in Q2.

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IGO: ‘No pathway’ for Kwinana even as lithium rebounds

A recovery in lithium prices has strengthened IGO’s (ASX: IGO) Greenbushes operation, but the miner says Kwinana remains a high-cost asset with “no pathway” to appropriate returns.

FY26 exploration expenditure remains unchanged at $225m.

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Northern Star slashes guidance as sales take a hit

Northern Star (ASX: NST) has revised FY26 production and cost guidance following lower gold sales across its three production centres in the December quarter.

Greatland remains on track to complete the largest annual drilling program in Telfer’s operating history, with about 240,000m total drilling planned in FY26.

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Wyloo snaps up remaining Greatland stake

Wyloo will acquire Newmont’s (ASX: NEM) remaining interest in Greatland (ASX: GGP), lifting its holding to 18.13% as gold prices push past $7200 amid geopolitical tensions.

The Australian Energy Market Operator Draft 2026 ISP reaffirmed that renewable energy, firmed with storage and backed up by gas, presents the least-cost way to supply secure and reliable electricity to consumers through to 2050 as coal plants retire.

NewsPolitics & RegulationProjects & Operations

WA coal miner given 5-year lifeline as state-owned coal exit looms

The WA Government will extend Griffin Coal’s State Agreement from July 2026 by up to five years, allowing the Ewington Mine in Collie to continue supplying coal to industry and the privately owned Bluewaters Power Station.