Raleigh Finlayson-led Genesis Minerals has selected GR Engineering Services as preferred contractor in relation to its Tower Hill gold project near Leonora.
Genesis Minerals has struck a $639 million cash and scrip deal to acquire Magnetic Resources, adding a 2.2-million-ounce resource to its books 20km from Laverton.
Raleigh Finlayson will shift from managing director to executive chair of Genesis Minerals, amid a management restructure at the Leonora gold producer.
Raleigh Finlayson's Genesis Minerals is on track to develop its Tower Hill project, after successfully lobbying the state to move a rail line connecting Leonora and Kalgoorlie.
A bonanza gold price has not dampened the appetite for discussion around mergers and acquisitions in the current market, with some more willing to comment than others.
Defence and gold drove the growth in value of Western Australia's listed companies last financial year, fueled geopolitical uncertainty and economic instability.
Raleigh Finlayson's Genesis Minerals will splash $250 million to buy the Laverton gold project from Focus Minerals, as it tightens its grip on the historic Western Australian gold region.
Our weekly appointments wrap includes Stuart Nicholls, Tony Kiernan, Peter Blackmore, Fabio Mancini, Pele Reeve, Rick McKenzie, Brad O'Donnell, Matthew Keating, and new board members and staff announcements for the Centre for Stories.
Vault Minerals will spend $80 million to expand the processing facility at its King of the Hills mine near Leonora by 20 per cent, to more than 6 million tonnes of ore per annum.
This week's Bulls N' Bears Runner of the Week is … Merino & Co. The Perth-based branded lifestyle clothing and accessories business caused a stir following its ASX debut just last week. Hitting the boards for the first time at 20c per share the company surged to $1.50 this week, some 650 per cent, prompting some please explains from the ASX overlords.
GOLD WRAP: De Grey Mining has trumpeted the economics of its Hemi project in a record gold price environment, while Genesis Minerals has restarted its Laverton mill ahead of schedule.
Pilbara gold developer De Grey has refused to comment around speculation that it could be the target of rival interest, saying it is focused on developing its Hemi project.
Genesis Minerals managing director Raleigh Finlayson says his company is applying a long-term approach to supporting the Leonora community – including through tourism.
Genesis Minerals remains on course to hit its annual production guidance of 130,000-140,000 ounces for the 2024 financial year, after producing 30,473 ounces of gold during its March 2024 quarter.
Cam Waugh will serve nine months in prison after being convicted of insider trading in Genesis Minerals shares, having prior knowledge of the company's funding package and board appointments.
Bellevue Gold has announced its monthly production increased by 28 per cent in February - from 10,475 ounces to 13,364oz - on the back of higher grades, coupled with underground stoping ore.
Kin Mining has confirmed it is considering new acquisition and investment options, following the recent sale of gold deposits within its Cardinia gold project, located near Leonora.
Cottesloe analyst Cameron Waugh has pleaded guilty to insider trading in Genesis Minerals' shares while a string of other charges against him was dismissed.
Genesis Minerals has paid $53 million for two gold projects under a deal with Kin Mining, adding to the mid-tier goldminer's consolidation of assets in Leonora.
Western Australia's resources middle tier could be at the heart of $170 billion in GDP growth by 2040, but only if the nation acts on its critical minerals opportunities, according to PwC.
Raleigh Finlayson-led Genesis Minerals has made an improved offer to secure the remaining shares it doesn't already own in Dacian Gold, a dormant goldminer key to plans for the region.
Genesis Minerals has named MLG Oz Limited to supply mining services in a contract anticipated to generate about $45 million in revenue over three years.
Brightstar Resources has made the milestone jump from explorer to producer status following the inaugural blast on the cutback of its Selkirk joint venture open-pit mine in Western Australia's historic Menzies goldfields. Mining is expected to run for about six months, with ore being stockpiled in Menzies, and the company is anticipating its maiden gold pour early next year.
The salt of the earth miner-turned reluctant dealmaker talks to Business News about the transaction that's kept him, and the market, on the hook for more than a year.
Our weekly appointments wrap includes Matt Nixon, Andrew Lindsay, Claire Vinnicombe, Greg Harvey, Tim Marney, Warren McHardie, Stephen Perkins, Michael Erikson and Rachel Emer.
