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Mining

Triton raises $4m

Graphite aspirant Triton Minerals has tapped investors for $4 million, led by major shareholder Shandong Tianye Mining, as the company progresses its Ancuabe project in Mozambique.

Primero books $5.2m profit

A boost in resources contracts has driven engineering firm Primero Group to a $5.2 million profit for the 2018 financial year, with the company forecasting a further increase in revenue next year.

Maca wins $700m coal contract

Welshpool-based MACA has secured a $700 million mining services contract at Carabella Resources’ Bluff coal project in Queensland for the next 10 years.

Sandfire jumps on profit boost

Shares in Karl Simich-led Sandfire Resources have jumped more than 8 per cent today after the company reported a record $123 million profit.

Board moves: Ward, Minosora

Geoff Ward has been appointed as chief executive of local tech company Hazer Group, while Michael Minosora is set to chair junior explorer Golden Deeps.

Northern Star in $347m gold buy

Northern Star Resources has announced the acquisition of a gold mine in Alaska for $US260 million ($347 million) from Japanese group Sumitomo, along with a $175 million share placement to fund the purchase.

GR secures $24m contract

GR Engineering Services has been awarded a $23.9 million contract to build a backfill plant at the Fosterville gold mine in Victoria.

Fotios resigns from Eastern Goldfields

Eastern Goldfields' executive chairman and largest shareholder Michael Fotios has resigned from the embattled gold miner, while US investor Hawke’s Point Holdings looks set to increase its stake in the company after agreeing to buy some of its debt and support a planned recapitalisation.

IGO banks $53m profit

Diversified miner Independence Group has reported a big jump in profit for the 2018 financial year, driven by the first 12 months of commercial production at its Nova operation.

Gold explorers raise $10m in IPOs

Neil Warburton-led Coolgardie Minerals is set to list on the ASX tomorrow, while shares in Black Dragon Gold began trading today following a $6 million initial public offering.

Sheffield soars on native title ruling

Shares in Sheffield Resources have reached their highest mark in nearly four years after the company won a National Native Title Tribunal ruling, which allows for a mining lease to be granted at its Thunderbird mineral sands project in the Kimberley.

Pacton in $5.8m Pilbara gold purchases

Canada-based Pacton Gold has announced the acquisition of two gold projects in the Pilbara worth about $5.8 million in the past week.

Maca posts $24m profit

Mining contractor MACA has reported a decline in net profit for the 2018 financial year, impacted by poor weather conditions across its Western Australian operations, but has announced a $1.28 billion order book.

Australian Mines makes $4m purchase

Australian Mines has exercised an option to purchase a cobalt project in New South Wales from Jervois Mining in a deal worth $4 million.

Profit lift for mining services stocks

Macmahon Holdings has posted strong profit growth for the year to June, adding to a string of good results for local mining services companies, including Lycopodium and NRW Holdings.

Poseidon raises $75m, backed by Forrest

Poseidon Nickel has announced a $74.6 million capital raising, backed by Andrew Forrest’s Squadron Resources, days after US group Black Mountain Metals pulled out of a $66 million takeover proposal.

Kingwest lists after $5m IPO

Shares in gold-focused Kingwest Resources began trading on the ASX today, after the company raised $5 million via an initial public offering.

Technology moves Murray Engineering forward

Diversification helped Murray Engineering boost its revenue during the resources downturn, and the business is now hoping its technology focus will create future growth.

Alumina prices drive performance

Listed companies South32 and Alumina have announced strong financial performances today predominantly due to alumina operations, in Western Australia.

Kerman wins $24m lithium contract

Kerman Contracting has won a $23.5 million contract with Talison Lithium to build a bulk storage facility at the inner harbour of the Port of Bunbury.

Northern Star posts $194m profit

Bill Beament-led Northern Star Resources has reported a record profit for the 2018 financial year, driven by increased production and sales.

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