SPINIFEX: Refractory ore poses no obstacle for the Rob Ryan-led gold developer because it will sell its precious metal in concentrate form.
Investors are undermining the gold industry’s ability to grow by demanding a bigger share of profits from high prices, according to the CEO of the world’s second-largest producer.
The privately-owned gold miner’s administrators say several groups have already expressed interest in Adaman’s flagship project.
Shares in the two explorers have shot higher after each company reported encouraging drill results at their respective projects.
Boss Jake Klein says the company has not been affected by worker shortages because of its focus on staff retention.
Gold explorer Genesis Minerals will raise $11 million to advance its Ulysses project 30km south of Leonora to a development decision by the end of the year.
Regis has been given the green light by the South African miner to go ahead with its $903 million purchase of the stake from IGO.
Northern Star Resources is on track to hit full-year guidance despite production being blunted by a series of ‘one-off events’ following its merger with Saracen.
The junior iron ore miner is eyeing a demerger of its Wiluna West gold project, which hosts a resource of 293,000oz.
Auric Mining has expanded its interests in the Widgiemooltha area by snapping up the gold rights on a job-lot of tenements held by Neometals.
Newmont has reached a milestone in its ambitious plan to automate gold mining operations at Boddington, with first production delivered from its new fleet of Caterpillar driverless trucks.
Explorer joins the ASX after a heavily oversubscribed $20m initial public offering and is now planning an aggressive drilling program at its 14 Mile Well project.
The gold producer has been ordered to submit a report to the West African country’s government within seven days on the mine’s state of affairs and detailed redevelopment plans.
Resources analysts believe Regis Resources have paid full value for IGO’s 30 per cent stake in the Tropicana gold mine with its $903m offer.
Regis Resources is understood to have won an auction process for IGO’s 30 per cent stake in the gold mine, but AngloGold Ashanti still holds pre-emptive matching rights.
Gold miner reveals equipment failure at processing plant last month but still booked quarterly production of 66,029oz, which was within its guidance range.
The mint says sales of gold and silver surged during the March quarter as metal prices fell.
Alto Metals could be set for more corporate activity after gold miner buys substantial stake held by Middle Island Resources.
Iceni Gold and Nickel X have closed their initial public offerings well oversubscribed as strong appetite for local resources floats remains.
WA’s booming resources sector has achieved record sales of $174b in 2020.
Gold miner says the sale of the mine in Ghana is not essential to it meetings its debt repayments, but the transaction remains under a cloud.
Recently-listed drilling company is further expanding its fleet amid boom-time conditions in the exploration sector.
The WA mixed-metals explorer Rox Resources is taking advantage of renewed optimism surrounding the global nickel market.
Gold has extended declines, approaching a nine-month low as the pace of US vaccine rollouts and plans for further stimulus boosted bond yields and the US dollar.
© West Australian Newspapers Limited 2020