Perseus Mining boss says the company has a great opportunity to reach or potentially surpass its annual production guidance of 491,000-517,000 ounces of gold for the 2024 financial year.
Resources company OreCorp has announced several changes to its board, a day after Canada-based Silvercorp Metals gave its blessing to Perseus Mining's off-market takeover bid for the company.
OreCorp's Board has unanimously recommended that its shareholders accept an amended takeover proposal from Perseus Mining, in the absence of a superior offer.
Perseus Mining has increased its offer consideration for takeover target OreCorp, upping its all-cash bid from 55 cents per share to 57.5 cents per share.
OreCorp's board has backed Canadian miner Silvercorp Metals' takeover offer, sticking to its recommendation for approval over rival bidder Perseus Mining.
Perseus Mining will launch an off-market takeover bid for OreCorp, initiating a battle with Canadian company Silvercorp Metals for control of the Subiaco-based gold developer.
The proposed timeline for Silvercorp Metals' takeover bid for Subiaco-based OreCorp has been pushed back after two major legal and regulatory setbacks.
Perseus Mining has inserted itself in the middle of Silvercorp's proposed acquisition of OreCorp, acquiring a major stake and declaring its intention to vote against the takeover.
Takeover target OreCorp has received a bolstered bid from Canadian miner Silvercorp Metals, in a move that's been backed by mining billionaire Tim Goyder.
Our board moves wrap includes Peter Bird, Nicholas Ong, Jonathan Shellabear, Steve Brockhurst, Matthew Yates, Craig Williams, Henk Diederichs, Rodney Baxter, Clayton Dodd, and Ed Mead.
Our board moves wrap includes Alison Terry, David Boshoff, Kerryl Bradsaw, James Champion de Crespigny, James Smith, Bob Adam, Simon Wandke, Phil Hoskins, Michael Davis, Robert Rigo, and Peter Brecht.
Geologist and mining executive Craig Williams, who led the rise of Equinox Minerals to a $US7 billion success story, has announced he is retiring from all boards of ASX companies.
OreCorp has talked up the prospects for its Nyanzaga gold project in Tanzania despite revealing a big increase in expected pre-production capital costs.
Tony Grist, Gavin Rezos and Stephen Langsford are prolific dealmakers - they share the lessons they've learned over three decades and explain what they look for in new investments.
Shenghe Resources is set to become a major shareholder in Tanzania-focused Peak Rare Earths after buying a 19.9 per cent stake in the company for well above market price.
Our board moves wrap includes Robert Hersov, Jardee Kininmonth, Brian Talbot, Justin Tremain, Greg Bandy, George Bauk, Rowan Johnston, Geoffrey Pigott, Kevin Gallagher, Dion Loney, Tim Slate, and Jason Peterson.
Strandline Resources' shares rose 7 per cent this afternoon, as the company and two other WA-based junior miners finalise agreements with the Tanzanian government.
Western Australian companies OreCorp, Black Rock Mining and Peak Rare Earths will finalise agreements with the Tanzanian government this month to develop their projects.
Our weekly appointments wrap includes Tania Cheng, Byron Watson, Michele Villa, Stephen Edwell, Stephen Unerkov, Debra Osborn, Pierce McMahon, Reece McMahon, Adam Rompotis, Marcus Solomon and Kerry McCurdy.
Gold explorer OreCorp has secured funds from a share placement to progress the development of its Nyanzaga project while it considers the demerger of its WA assets.
Gold explorer Orecorp has launched a $13.56 million share placement, with majority of the proceeds to fund development of the company's recently acquired Nyanzaga gold project in Tanzania.
Barrick Gold has resolved a three-year tax dispute with the Tanzanian government, which has lifted a ban on minerals exports, potentially providing a pathway to production for a contingent of Western Australia-headquartered miners and exploration firms.
Gold explorer Orecorp is raising $13.3 million from an institutional share placement to fund its move to full ownership of the Nyanzaga gold project in Tanzania.
Global miner Barrick Gold has announced a deal with the Tanzanian government that involves a 50:50 sharing of benefits from its operations in the country, prompting sharp price movements in local stocks exposed to the region.
Kibaran Resources and Black Rock Mining are the latest Perth-based explorers with operations in Tanzania to come out of a trading halt since legislative changes in the African country were announced.
Exploration companies Orecorp, Cradle Resources and Graphex Mining have been pummelled on the ASX as the market continues to react to changes to mining and exporting laws in Tanzania.
Africa-focused Cradle Resources has pulled the plug on a $55 million takeover by joint venture partner Tremont Investments, on the back of proposed changes to certain Tanzanian laws.
SPECIAL REPORT: Western Australian stockbrokers and companies raised nearly $1.1 billion in 104 transactions in the March quarter, with gold deals being a major driver of activity, according to new data compiled for the BNiQ Search Engine.
Six listed companies based in Perth have announced funding deals worth a combined $36.9 million, with the largest being a $20.6 million capital raising by gold explorer Orecorp.
The resignation of Talisman Mining's managing director and the appointment of a new chief executive at Tiger Resources are among the recent board changes at four local junior miners.
WITH a sharp slump last year in the number and value of stock market floats, and little sign of a recovery, more emerging companies will likely pursue a backdoor listing.
