News Articles for Doray Minerals

Local miner Doray Minerals has achieved first gold pour at its Deflector mine in the Murchison region, with its first shipment to be made next month.

Local gold miner Doray Minerals is seeking to expand its exploration portfolio through a $10 million joint venture deal with Rox Resources.

This month's Subscriber News features: Bethanie, Fuel Distributors, Rocky Bay, Doray Minerals, Amana Living, Prompt Engineering, Dux Digital and Technology Park Function Centre.

SPECIAL REPORT: There's no doubt the boom has come to an end, but plenty of opportunities and projects remain in play.

Doray Minerals has posted a sizeable boost in net profit for the six months to December, as the company works towards opening its second gold mine in Western Australia later this year.

Wesfarmers subsidiary EVOL LNG has won a contract to supply LNG to the power station at Doray Minerals' Deflector gold project in the Murchison region for an undisclosed sum.

Power generation company Pacific Energy has won a contract to supply electricity to Doray Minerals' Deflector gold project in the Murchison region for an undisclosed sum.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Soon-to-be renamed Malagasy Minerals has welcomed Regis Resources as a substantial shareholder as the company completes its acquisition of the Karlawinda gold project near Newman, while also announcing the appointment of local gold mining executives to its board.

Stockbroker Andrew Frazer is planning to keep together his 12-strong team in Perth and Sydney, after current backer GMP Securities announced a major restructuring of its international operations.

Gold companies Doray Minerals, Ramelius Resources and Saracen Mineral Holdings have posted better-than-expected production results for the December quarter, with the precious metal miners bullish on the next six months.

Doray Minerals has awarded Maca a $14 million contract for open pit mining work at its Deflector gold project in the Murchison region.

Goldfields fuel supplier Eagle Petroleum has started legal action against mining company BNM Australia Group over unpaid debts.

Doray Minerals has finalised a $51 million contract with GR Engineering Services for work at its Deflector gold project in the Murchison region, which is now fully funded and on-track for production by mid-2016.

Perth company Minemakers has struck a deal with an African investor that will deliver new funding of $28 million for its Baobab phosphate project in Senegal.

SPECIAL REPORT: With a mere handful of projects under construction, it's what is in store for the future that has everyone guessing. Click through to also see our list of WA mining projects.

Gold miner Doray Minerals has painted a positive outlook for its expanding operations after reporting a small increase in underlying profit for the year to June 2015.

Gold miner Doray Minerals is seeking to double its workforce to support its Deflector project, after announcing it has secured $91.7 million in funds to bring the project into production.

New gold mining projects under way or in advanced planning will collectively deliver more than 1 million ounces to production each year when operational.

The past year has marked a period of major change at many of WA's gold producers in terms of personnel and pay.

Gold is a rare bright light in the mining industry, with major changes during the past two years to be followed by the opening of multiple new mines and more M&A deals. Click through to find the special report, which ranks WA producers, and looks at Gold Corp, executive pay, and new gold projects.

Evolution Mining has recorded record quarterly and annual production on the back of an “outstanding” result at its Edna May mine, adding to the ranks of gold miners to post impressive results this month.

Doray Minerals has announced a 15 per cent increase in full-year gold production at its Andy Well gold project, located in the Murchison region of Western Australia.

The board of gold miner Doray Minerals has given the nod to proceed with developing its recently acquired Deflector project in the Murchison region as soon as it has received enough funding.

Doray Minerals will seek to raise a smaller-than-expected amount of capital for its second gold project following yesterday's announcement the state would leave royalty payments unchanged.

The state government has opted not to change commodity royalties in this year's budget at the expense of almost $180 million in previously booked revenue.

Doray Minerals has appointed PCF Capital Group as adviser as the company plans to secure funding for the construction and development of its Deflector gold-copper project near Geraldton.

Perth-based Doray Minerals has posted $4 million in net profit for the six months to December, on the back of lower cash costs and solid growth in gold production.

Board changes

Mungana Goldmines shares closed 20 per cent higher today on news former Mutiny Gold managing director Tony James would be the company's new boss.

The strong rise in the Australian dollar gold price has encouraged gold companies to press ahead with low-cost mine developments, despite uncertainty over royalties.

Doray Minerals has refinanced a $55 million debt facility with Westpac to help fund development of its Andy Well stage 2 gold project in the Murchison region of Western Australia.

Three aspiring gold miners have announced an increase in projected free cash flow for their respective projects as a result of the strong gold price, coupled with falling fuel costs.

Perth-based Doray Minerals has confirmed solid growth in gold production and disclosed lower costs in the December quarter, as it moves toward completing its takeover of Mutiny Gold.

Mining and civil engineering contractor Maca has downgraded its full-year revenue guidance by $30 million after Sydney-based miner Arrium said it was closing one of its South Australian mines.

MACA has signed a new $9 million deal to provide services to Doray Minerals at its Meekatharra gold project, as the mining and civil engineering firm winds down operations at Rosslyn Hill Mining's lead operation at Paroo Station near Wiluna, which will be put on care and maintenance next month.

Gold miner Doray Minerals has declared its off-market takeover of Mutiny Gold unconditional, after increasing its stake to 75.3 per cent.

Gold producer Doray Minerals was up more than 26 per cent today after confirming high grade gold results at its Andy Well mine, saying it confirmed the potential of extensions to the mine's life.

Mt Pleasant-based gold junior Alloy Resources is up 28.6 per cent today after a find at its Horse Well joint venture with Doray Minerals.

The latest numbers from Western Australia's listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state's royalty system might erode margins beyond break-even.