Mercuria Funds Mount Morgan Gold Mine Restart

GENEVA, Oct. 14, 2026 /CourierPR/ -- Mercuria Group today announced a significant financial commitment to support the restart of operations at the Mount Morgan gold mine in Queensland, Australia. The company has agreed to a prepayment of AUD 40,000,000 and a corresponding offtake agreement for the first 210,000 ounces of Gold in Dore produced at Mt Morgan over a period of four years, with production expected to commence in the fourth quarter of 2026.

This agreement underscores Mercuria's strategic focus on the precious metals sector and its commitment to long-term partnerships. The move aligns perfectly with Mercuria's strategy to grow its precious metals business and deepen its footprint in Australia. The company's involvement in the Mount Morgan project is part of a broader strategy to support sustainable resource development and environmentally friendly rehabilitation.

Mercuria, one of the world's largest independent energy and commodity groups, operates across a diverse range of markets including oil, gas, power, and metals. The company boasts a strong presence in global supply chains, energy transition assets, and strategic infrastructure. Mercuria's integrated trading, logistics, and investment capabilities are evident in its operations across over 50 countries, with annual revenues exceeding USD 140 billion.

The Mount Morgan gold mine, which is set to restart, is a significant asset for Mercuria. The company's prepayment of AUD 40,000,000 and offtake agreement for the first 210,000 ounces of Gold in Dore produced at Mt Morgan over a four-year period demonstrates Mercuria's commitment to supporting the project's success. This financial support will be crucial in ensuring the mine's restart and the subsequent production of gold, aligning with Mercuria's broader strategy to contribute to the global precious metals market.

Mercuria's involvement in the Mount Morgan project is part of a broader strategy to support sustainable resource development and environmentally friendly rehabilitation. The company's presence in over 50 countries and its annual revenues exceeding USD 140 billion underscore its significant role in the global energy and commodity markets. This financial commitment to the Mount Morgan project is a testament to Mercuria's commitment to long-term partnerships and innovative financial solutions that enable sustainable resource development and environmentally friendly rehabilitation.