Mining software provider K2fly has tabled some healthy numbers from the September quarter with the company achieving record highs in its core metrics thanks to continued major tier 1 contract wins. The company operates in the global resources space under a ‘Software as a Service' business model – meaning its product is delivered on a subscription basis.
Our board moves wrap includes David Paull, Neil Lithgow, Steve Voorma, Dean Taylor, Peng Zhang, Max Ji, Paul Burton, David Kelly, Phillip Wilding, Lisa Smith, John Featherby, Imants Kins, Carlos Arecco, Richard Henning, Juan Manuel Santos, and Carolina Arecco.
ASX-listed mining software provider K2fly has strengthened its ties with Imerys Group after inking a three year contract for use of its Land Access solution. The three year deal has a total contract value of $860,000 and an annual recurring revenue of $123,000 in exchange for a system that manages land access, studies, approvals, stakeholder engagement, operations and land use.
Westgold Resources has braced investors for a hefty write-down across several assets ahead of its full-year results this week, mirroring a similar update by fellow mid-tier Ramelius Resources.
ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.
Shares in Subiaco-based gold producer Regis Resources closed the day up 10 per cent after reporting solid gold production for the month and financial year, despite costs ringing in at the higher end.
K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service' business model – meaning it delivers its software on a subscription basis.
After successfully shaking the tin for $6.2m, K2fly now has the largest privately owned mining software provider in the world on its register. Australian based Maptek has emerged from K2fly's latest capital raise with a 13.2 per cent holding in the ASX-listed mining software player. The deal also includes Maptek Chairman Peter Johnson taking a seat on the K2fly board as a non-executive director.
Global Lithium secured new investment from Mineral Resources, Pantoro is set to bank $45 million ahead of planned first gold production, while Westgold raised $100 million to step up output.
Westgold Resources has proposed to develop a third mine in WA following its failed attempt to acquire Gascoyne Resources' Dalgaranga operation in the Mid West.
Westgold Resources has sought to withdraw its $120 million takeover proposal for Gascoyne Resources after a conflicting merger was approved by the Supreme Court of WA.
Westgold Resources' proposed takeover of fellow goldminer Gascoyne Resources cannot proceed after the Supreme Court of WA approved a conflicting merger deal with Firefly Resources.
A bidder's statement has been sent to the shareholders of Gascoyne Resources, who will consider a $120 million takeover proposal while a conflicting merger deal heads to court next week.
Westgold Resources has improved its all-scrip offer for fellow Western Australian goldminer Gascoyne Resources, following a rejected application to the Takeovers Panel.
The Takeovers Panel has rejected an application submitted by Westgold Resources in relation to its hostile takeover offer for fellow Western Australian goldminer Gascoyne Resources.
Westgold Resources has submitted its bidder's statement for Gascoyne Resources following a week of contention related to the multi-million-dollar takeover.
Westgold Resources has thrown new shade over its takeover target, calling Gascoyne Resources' recently announced business plan "speculative" and "high risk".
The bidder for goldminer Gascoyne Resources has sought orders from the Takeovers Panel to address matters related to a conflicting merger with Firefly Resources.
The Gascoyne Resources board has urged shareholders to reject a $110 million takeover offer from Westgold Resources, labelling the deal as “inadequate”.
Westgold Resources is preparing to lodge its takeover bid for fellow goldminer Gascoyne Resources, following “positive engagement” with the target's shareholders.
Westgold Resources subsidiary Minterra has been slapped with a $102,000 fine after an employee sustained serious injuries in a fall at its Starlight underground mine in 2018.
Our board moves wrap includes Trevor Harris, Antony Beckmand, David Lim, Mel Ashton, Dean Hely, Wayne McGrath, Gary Davison, Peter Cook, and Wayne Bramwell.
Gold has stood the test of time proving it to be a stand-out performer in 2020 following the onset of COVID-19. March saw the price of the yellow metal fall to US$1,486 per ounce before rising by a stunning 40 per cent to hit an all-time US$2,067 per ounce high in August. What does 2021 hold for gold?
Westgold Resources will resume operations at its Big Bell mine, following preliminary investigations into the fatal incident that claimed the life of worker Paige Counsell.
The Department of Mines, Industry, Regulation and Safety has launched an investigation into a fatal incident involving a worker at Westgold Resources' Big Bell gold mine.
Renowned geologist and company director Terry Grammer has passed away after a short-term illness, with former colleagues and industry figures highlighting his role in some of Western Australia's biggest mineral discoveries.
Our board moves wrap includes Robin Longley, Michelle Li, David Brown, Brenda Berlin, Tim Allison, Evan Cross, Andrew Steers, Michael Hendriks, Wayne Bramwell, and Patrick Corr.
