One of the grand old dames of the WA gold sector is set to get a new life courtesy of a new discovery in the remote East Pilbara.
Investors have cheered Evolution Mining’s $400 million deal to clinch a swag of assets surrounding its Mungari mine west of Kalgoorlie from Northern Star Resources.
The fourth quarter was underpinned by a robust performance at Kalgoorlie-Boulder’s Super Pit where gold sales rose to 139,300oz at the end of June.
Northern Star has offloaded a swag of projects around Kalgoorlie to Evolution in a $400 million deal which will elevate the Jake Klein-led company’s Mungari mine into a cornerstone asset.
HLB Mann Judd’s half-yearly IPO Watch Australia reveals the market for ASX floats is expected to stay strong for the remainder of the year.
The Dean Tuck-led explorer believes in looking for mineral deposits in unloved areas that others have written off.
Investors have marked Evolution Mining sharply down in morning trade after headwinds in the second half saw the gold miner miss revised full-year production guidance.
The miner paid more than $25m for its stake on-market yesterday.
The Leigh Junk-led miner has missed full-year production guidance after rain blunted output at its flagship Mt Morgans operation during the June quarter.
Sandfire Resources has combined a strong operational performance with buoyant copper prices to post record annual revenue.
Bellevue Gold says it will draw up a shortlist of preferred lenders to help fund its namesake $255 million gold project near Leinster after being swamped with proposals.
Market darling Chalice Mining has joined a growing list of explorers in announcing plans to demerge a portion of its portfolio.
The mass, on-site quarantining of 700 workers followed the discovery of a COVID-positive worker at the mine on June 26.
SPINIFEX: Apollo Consolidated is continuing to build a commercial case for the development of its Rebecca gold project 245km east of Kalgoorlie.
Resources listings on the local exchange last financial year numbered the highest since 2010-11.
The tightly-held, Perth-based group is riding demand for its services in building and running mines around the world.
Perth-based copper and gold play closes at 15 per cent premium to issue price after raising $5.75 million in an initial public offering.
A deed of company arrangement approved by creditors of privately-owned Adaman Resources will see the company recapitalised by Mr Rowsthorn’s Rivet mining services group.
The South African gold giant has named former Orica boss Alberto Calderon as its new chief executive following a lengthy global recruitment drive.
The mid-tier miners has blamed personnel shortages among a range of factors for missing both quarterly and full-year production guidance.
Cor Cordis is evaluating two offers for the producing gold mine, after being put into the privately-owned Adaman Resources two months ago.
Rob Waugh-led explorer Musgrave Minerals has three rigs at its Cue project with plenty of newsflow ahead.
Capricorn Metals has become Australia’s newest gold producer with a pour at its $175 million Karlawinda project 70km south-east of Newman.
Evolution says achieving the target will involve partnerships with industry, government and supply chains to focus on low-emission solutions and technology roadmaps to support efficiency.
© West Australian Newspapers Limited 2020