News Articles for Avoca Resources

Sirius gold find at Polar Bear

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Shares in Perth-based explorer Sirius Resources were up nearly 10 per cent today after it announced a gold discovery at its Polar Bear project near Norseman.

Northern Star recruits new managers

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Northern Star Resources has announced an expansion of its management team following two major acquisitions in the gold mine sector.

Dyker to Sirius

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Grant Dyker has been appointed as chief financial officer at Sirius Resources, commencing in mid-September.

Positive signals from new generation of local gold players

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Silver Lake Resources and Regis Resources are in the vanguard of a revival in the state's gold industry.

Avoca upgrades Frog's Leg resource

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Avoca Resources has announced an increase of 180,000 ounces of gold at its 49 per cent owned Frog's Leg underground gold mine.

Avoca shares slip further

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Shares in Avoca Resources slipped a further 9 per cent today after the company yesterday revealed plans to merge with US-based Anatolia Minerals Development.

Ramelius accepts Avoca's Dioro offer

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Ramelius Resources says it intends to accept Avoca Resources' takeover offer for Dioro Exploration, a miner it had recently set its acquisition sights on.

Avoca up on Dioro recommendation

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Shares in Avoca Resources were higher today after Dioro Exploration recommended shareholders accept the gold miner's cash and scrip takeover offer.

Dioro rejects Ramelius takeover offer

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Takeover target Dioro Exploration has recommended shareholders reject Ramelius Resources' offer, paving the way for rival bidder Avoca Resources to gain control.

Dioro battle rages with new offers

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Dioro Exploration shareholders have been advised to take no action after gold producer Avoca Resources sweetened its takeover offer on December 29 with a new offer valued at $115 million.

Avoca likely to lift Dioro stake

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Avoca Resources is set to increase its shareholding in Dioro Exploration after it agreed to buy 3 million Dioro options from BNP Paribas.

Avoca directors join Dioro board

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Avoca Resources has appointed three of its board members, including managing director Rohan Williams, to the board of 44.85 per cent owned company, Dioro Exploration.

Avoca raises stake in Dioro to 44%

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Gold producer, Avoca Resources managed to raise its stake in takeover target Dioro Exploration to more than 44 per cent by the close of business yesterday, ending the four-month acquisition proposal.

Avoca secures timely 36% stake in Dioro

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Gold producer, Avoca Resources may have secured a victory in the final hours of its bid for Goldfields miner Dioro Exploration, raising its stake in Dioro to just over 36 per cent after a UK fund manager relinquished its hefty interest in the miner.

Dioro surges on Ramelius $92m offer

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Shares in Dioro Exploration have surged as it urges shareholders take no action on Ramelius Resources' $92 million all-scrip takeover bid, a higher offer to Avoca Resources' recommended proposal.

Dioro in support of Avoca's takeover bid

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Dioro Exploration has capitulated to Avoca Resources' hostile $68 million takeover after the fellow gold miner increased its bid and a rival deal with a Canadian miner fell through.

Dioro in halt as Avoca extends offer

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Shares in takeover target Dioro Exploration have been placed in a trading halt ahead of an announcement regarding a Canadian company's proposal to buy it's flagship asset while hostile suitor Avoca Resources extends its takeover offer again.

Battle looms for Avoca's Dioro bid

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Dioro Exploration major shareholder Baker Steel Capital Manager has increased its stake in the takeover target, which is expecting an offer from a Canadian company to trump the hostile Avoca Resources bid.

Avoca, Dioro takeover battle rages on

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Takeover target Dioro Exploration says it is in advanced discussions with Canadian copper and gold miner Northgate Minerals Corporation as original suitor Avoca Resources extends its $68.5 million offer.

Dioro rejects Avoca's sweetened offer

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Dioro Exploration has urged shareholders to reject a sweetened takeover offer from Avoca Resources, adding it had entered into confidential negotiations with third parties.

Avoca's Dioro offer now unconditional

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Avoca Resources says it is surprised that target Dioro Exploration has not provided a recommendation to its takeover bid as it today declared the offer unconditional.

Dioro asseses Avoca's sweetened offer

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Takeover target Dioro Exploration has urged its shareholders to take no action on a sweetened $71 million takeover bid by Avoca Resources.

Avoca lifts Dioro offer to over $70m

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Gold miner Avoca Resources has ramped up its takeover for Dioro Exploration, today lifting its all-scrip offer to more than $70 million.

Dealmakers ponder life after the crisis

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It is not that Perth dealmakers are joining the dole queues, they have just had a little more time on their hands recently.

Avoca lifts production forecast

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Shares in Avoca Resources have risen after the gold miner lifted its 2010 financial year production forecast for the Higginsville operation in Western Australia.

Get a reality check: Avoca tells Dioro

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Avoca Resources says takeover target Dioro Exploration needs a "reality check" over the high valuation of its shares which is around 180 per cent higher than the company's current share price.

Avoca hits back at Dioro valuation

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Avoca Resources has hit back at KPMG's high valuation of takeover target Dioro Exploration's share price, saying it does not reflect market value.

FIRB approves Avoca's bid for Dioro

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Avoca Resources has received the green light from the Foreign Investment Review Board for its takeover bid for gold miner Dioro Exploration.

Chalice finalises projects sale to Avoca

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Chalice Gold Mines has received the final $841,000 payment of the sale of its Higginsville and Chalice gold projects in the Eastern Goldfields to Avoca Resources.

Avoca plans $25m capital raising

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Gold miner Avoca Resources plans to raise $25 million for development work at its Trident project as its shares continue to remain in a trading halt.

Avoca steps into producer ring

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Avoca Resources Ltd has officially become a gold miner today after it started gold production from its Higginsville project in Western Australia while it received a cash bonus for bringing the mine to life under budget.

Avoca acquires gold mine for $271K

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West Perth-based minerals explorer Avoca Resources Ltd will acquire the Two Boys gold mine from FMR Investments Pty Ltd, formerly Barminco Investments Pty Ltd, for $271,250 in cash and scrip, the company has announced.

Chalice raises $6.9m through Avoca share sale

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West Perth-based gold explorer Chalice Gold Mines Ltd has raised $6.9 million through the sale of 3.5 million shares in Avoca Resources Ltd, the company announced today.

Avoca completes Chalice tenements acquisition

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West Perth-based minerals explorer Avoca Resources Ltd has completed the acquisition of two gold projects from Chalice Gold Mines Ltd, issuing shares worth $5 million to the company today.

Avoca divests SA project to Rex for scrip issue

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West Perth-based minerals explorer Avoca Resources Ltd will sell its South Australian iron oxide copper-gold project to Victoria-based Rex Minerals Ltd for a scrip issue, the company has announced.

Avoca awards contracts for Higginsville gold project

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West Perth-based minerals explorer Avoca Resources Ltd will award a development and haulage contract to Australian Contract Mining Pty Ltd, and an engineering and construction contract to GR Engineering Services Pty Ltd, the company has announced.

Avoca acquires gold projects through scrip issue

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West Perth-based minerals explorer Avoca Resources Ltd has acquired two gold projects after signing agreements with West Perth-based gold explorer Chalice Gold Mines Ltd and Perth-based Resolute Mining Ltd.

Gold Fields sells Avoca stake for $26.2m

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Shares in West Perth-based gold and copper explorer Avoca Resources Ltd rose this morning after UK-based Pala Investments Holdings Ltd acquired the 13.3 per cent stake in the company held by Gold Fields Ltd.

Avoca makes new gold discovery at Trident

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Emerging gold producer Avoca Resources has delineated a second major high-grade gold discovery at its Trident gold project near Norseman in south-eastern Western Australia.

Encounter to raise $4m for JV in uranium projects

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West Perth-based Avoca Resources Ltd's joint venture partner Encounter Resources Ltd has lodged a prospectus to raise $ 4 million to be used to further develop the two companies joint venture arrangement for the exploration of uranium deposits in WA.