Gold Road Resources has put the onus back on its Gruyere joint venture partner Gold Fields to re-engage in merger and acquisition talk, following a rejected move last month.
Gold Road Resources has given its blessing for Northern Star Resources' $5 billion deal for De Grey Mining after months of remaining mum on its voting intentions.
Gold Road says results from an underground scoping study prove Gruyere could transform into a multi-decade mine, as it defends an “aggressive” takeover attempt from its JV partner.
A few days after pouring cold water on a $3.3 billion bid from Gruyere joint venture partner Gold Fields, Gold Road Resources has announced its 2024 full-year result.
Stocks in Western Australian gold producers are rallying as the price for the precious metal holds strong above $US3,000 per ounce amid a flurry of M&A activity.
Aggressive and hostile is how the chief executive of Gold Road Resources has described the $3.3 billion bid lobbed by its Gruyere joint venture partner Gold Fields.
Gold Fields boss Mike Fraser is disappointed the board of Gold Road Resources has poured cold water over his $3.3 billion offer for the Gruyere mine joint venture partner.
Gold Road Resources management has held its cards close to its chest on its intentions around De Grey Mining, as Northern Star Resources closes in on an acquisition of the gold developer.
Gold Road Resources has taken a step toward the development of its 100 per cent owned, high-grade Gilmour project, outlining a $36 million bill to establish the mine.
Gold Road’s previously revised 2024 annual guidance of 290,000-305,000 ounces of gold has been maintained, due to improved production during the September quarter.
GOLD WRAP: Ramelius Resources has increased its profit 250 per cent year-on-year, bringing in almost $220 million last financial year as it rode a wave of record gold prices and low costs.
Shares in Gold Road Resources were sold off on Monday following an announcement that annual production at its flagship Gruyere mine hit the lower tier of its 2023 production guidance.
Mining and civil services firm MACA has secured a $850 million contract extension for open pit mining activities at the Gruyere gold mine in the Goldfields.
Gold Road Resources has stepped in to counter Ramelius Resources' proposed takeover bid for Apollo Consolidated, tabling an all-cash unconditional offer.
Gold Road Resources expects production at its Gruyere joint venture in WA to rise by as much as 16 per cent this year while projecting a positive three-year outlook for the business.
Gold Road Resources and Gold Fields' $621 million Gruyere mine officially opened today, with Mines and Petroleum Minister Bill Johnston saying the project would create around 250 jobs over the next 12 years.
Gruyere 50/50 joint venture partners Gold Fields and Gold Road Resources have poured first gold at the $621 million project located 200 kilometres east of Laverton.
Gold Road Resources has increased the forecast annual output for its half-owned $621 million Gruyere gold project, while confirming first production remains on track for mid-2019.
