Local gold miners Resolute Mining, Saracen Mineral Holdings and Ramelius Resources have hit their production targets for FY16 at lower-than-expected costs.
Graphite players have had a soft 18 months, although some WA companies are developing new production techniques that might give them a leg up in the industry.
Mincor Resources founder and managing director David Moore has announced plans to step down from his role from early next year, but will remain with the company as deputy chairman.
Former Resolute Mining chairman and highly regarded Australian-African resources executive, Robert Pett has been appointed as non-executive chairman of Kibaran Resources.
Newcrest Mining is looking to increase its exploration acreage in West Africa through a proposed joint venture agreement with Perth-based company Taruga Gold, while AngloGold Ashanti has advanced plans to redevelop its Obuasi mine in Ghana.
Resolute Mining has outperformed its own expectations in both production costs and volume, which has more than doubled the company's cash on hand in the final quarter of the financial year.
Former Wallaby player and experienced minerals executive John Welborn will take the helm of Perth-based gold company Resolute Mining when outgoing CEO Peter Sullivan steps down in late June.
The Australian Securities and Investments Commission disclosed today it had raised concerns about Resolute Mining's project valuations, prior to the Perth-based miner's decision to impair its Syama gold mine in Mali by $310 million.
Western Australian companies are on the outer in the quarterly reshuffle of the S&P ASX indices, with local players including Iluka Resources and Medusa Mining dropping out.
Perth gold company Resolute Mining says the combination of lower gold prices and higher costs were behind a 60 per cent drop in full-year profit, to $33 million..
Gold producers Resolute Mining and Troy Resources have released their quarterly activities reports for the June quarter, with Troy's share price falling more than 22 per cent on the results.
Perth gold company Resolute Mining has announced a new 1.28 million ounce gold resource for its Buck Reef West deposit near the Ravenswood processing facility in Queensland.
Troy Resources has become the latest Perth-based miner to take a financial hit on the back of a softer gold price, reporting a half-year net loss of $6.8 million.
Evolution Mining, Resolute Mining and Ramelius Resources have all reported weaker interim earnings after being hit by the impact of a lower gold price.
Parent company Resolute Mining intends to officially purchase Noble Mineral Resources' Bibiani project and sell off its remaining assets with a proposed deed of company arrangement.
Resolute Mining says it remains on track to achieve its production guidance despite recording softer quarterly production figures and an increase in cash costs.
Resolute Mining says it will not go ahead with the third stage of expansion at its Syama gold mine in West Africa, as the gold producer seeks to cut more costs in the wake of falling full-year prof
Resolute Mining has frozen the pay of its senior management and taken a $70 million hit as weakness in international gold markets continues to hurt miners of the precious metal.
GR Engineering Services has promoted chief operating officer Geoff Jones to managing director, to succeed Joe Ricciardo who moves to an executive chairman position.
Gold producer Resolute Mining is the latest miner to feel the crunch of the falling gold price, deferring $US113 million of spending at its Syama gold mine in west Africa and reviewing its operatio
Resolute Mining has broken the ranks of its fellow gold producers, reaffirming its yearly production guidance after a strong performance in the March quarter and claiming the falling gold price is
Noble Mineral Resources has been forced to accept an $85 million financing offer from Resolute Mining after its preferred proposal from Chinese group Zhongrun Mining Investment fell short of gainin
Resolute Mining has sweetened its $85 million financing proposal for Noble Mineral Resources for a second time, after Noble said it continued to prefer to enter a similar funding deal with Chinese
Resolute Mining has sweetened its $85 million financing offer to Noble Mineral Resources, adding on an unsecured $US15 million debt facility to cater for Noble's short-term requirements.
