Bellevue Gold boss Steve Parsons has played down speculation his company's namesake gold project is in the crosshairs of some of WA's most prominent gold miners.
Ramelius Resources has exceeded its gold production guidance for the September quarter, after producing 71,344 ounces from its two Western Australian mines.
Our board moves wrap includes Stuart Grimshaw, Jason Kulas, Matthew Madden, John Duffin, Len Troncone, Peter McUtchen, Kevin Lines, Michael Bohm, Jason Bahnsen, Peter Bird, and Mike Joyce.
Gold producer Ramelius Resources is anticipating record output in the next financial year from its Mt Magnet and Edna May operations in Western Australia.
Perth CBD office vacancies increased during the second quarter of 2020 according to JLL, however the state is tipped to fare better than the east coast in the coming months.
Ramelius Resources' friendly takeover bid for ASX-listed Spectrum Metals is gathering momentum with Ramelius' relevant interest in Spectrum now hitting 77.48%. Ramelius has extended its offer to remaining shareholders until the 29th of May whilst at the same time declaring the offer to be fixed and final. Ramelius also said that Spectrum shareholders who choose not to sell may be disadvantaged by a lack of liquidity.
In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.
Spectrum Metals has followed up the highest grade drill results seen to date outside of its Penny North deposit in WA and made some further encouraging hits including 3 metres grading 9.62 grams per tonne and 2m grading 13.0g/t gold from its Magenta prospect. It looks as if the company may also be onto a new discovery with a “stratigraphic” hole at the Golden Hinde prospect returning 1m grading 54.9g/t gold from 77m downhole.
In a Target Statement made to the ASX, Spectrum Metals' Board has unanimously urged its shareholders to accept the friendly take-over bid by Ramelius Resources. The ASX300 listed company's implied offer of 15 cents per Spectrum share is a serious 70% increase to its 30-day volume weighted average share price of just over 8 cents. Ramelius' offer represents an implied value of about $231m for Spectrum's Penny West gold project.
Goldminer Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia.
Our daily board moves wrap includes Bayanjargal Byambasaikhan, Dan Thomas, Nicholas Day, Geoff James, Natalia Streltsova, Katherine Ostin, and Paul Doropoulos.
ASX-listed Maximus Resources has reached a sale agreement for its Burbanks gold processing plant in the Coolgardie region to privately owned, Perth-based Adaman Resources.
Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.
A revised feasibility study released by Explaurum has detailed a reduced capital cost of $111 million for its Tampia project in the Wheatbelt, as Ramelius Resources increased its stake in the gold explorer to 20 per cent.
Explaurum has asked shareholders to accept an $8 million placement from Alkane Resources on the same day a report from independent expert BDO said a hostile takeover bid from Ramelius Resources undervalued the gold explorer.
Ramelius Resources has increased its takeover bid for gold-focused Explaurum, with the miner making an indicative $73.4 million offer after its first proposal was rejected.
Alkane Resources is set to take an $8 million stake in takeover target Explaurum via a share placement that breaches the conditions of Ramelius Resources' hostile bid.
The board of Explaurum has rejected a $59.2 million hostile takeover bid from gold miner Ramelius Resources, saying the offer is opportunistic and undervalues the target.
SPECIAL REPORT: The state's gold industry is planning to invest more than $1 billion in exploration and development to sustain continued modest growth in production.
SPECIAL REPORT: WA's 30 gold miners achieved a small increase in aggregate output last year with the state's biggest producer, Newmont Mining, making up about a sixth of this at 1.1m ounces, research by Business News has found.
Ramelius Resources has launched a $59.2 million hostile takeover bid for exploration company Explaurum, which is aiming to develop its Tampia Hill gold project in the Wheatbelt.
Diversification helped Murray Engineering boost its revenue during the resources downturn, and the business is now hoping its technology focus will create future growth.
Regis Resources, Independence Group and Ramelius Resources have all provided production updates for their respective mining operations, while Millennium Minerals says it is on track to ramp-up its gold output by the end of 2018.
Gold miners Perseus Mining, Ramelius Resources and Evolution Mining have all released positive quarterly reports today, with Ramelius upgrading its full-year guidance and Evolution confident of reaching its target comfortably.
Gold-focused Evolution Mining has lifted production and cut costs in the September quarter, helped by a strong performance at its Cowal mine in NSW and Ernest Henry and Mt Carlton mines in Queensland, coupled with the sale of its Edna May mine in Western Australia.
Ramelius Resources is set to become a 200,000 ounces per annum gold producer after acquiring Evolution Mining's Edna May operation near Merredin for up to $90 million in cash and shares.
Junior gold miners Ramelius Resources and Saracen Mineral Holdings have posted solid quarters, with Ramelius achieving its production targets for a 12th consecutive quarter.
SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.
