News Articles for Chrysos Corporation

Chrysos Corporation upped its quarterly revenue as its gold assay units gain traction amid a record price environment for the precious metal locally.

A South Australian mining tech firm revolutionising the centuries-old method of assaying gold is working to bed down its foothold in the global gold industry.

As the days of easy equity draw to a close, companies are pivoting to different methods of raising capital.

Shares in gold technology company Chrysos Corporation have crashed on their first day of trade, down 36 per cent from their issue price.

An Australian company commercialising revolutionary gold testing technology has lodged a prospectus for what is shaping up to be the largest initial public offering of the year.

Perenti will sell its geochemical and precious metal analyses subsidiary to competitor ALS for $43.6 million as part of a reassessment of its operations.

Novo Resources has tabled several high-grade gold hits at its untested Genie lode-gold prospect, located within cooee of its operating Golden Eagle processing plant in the Pilbara. Best new intercepts include 8m at 4.6 g/t gold from just 26m. The new discovery may give Novo additional mill feed options at its nearby conglomerate gold mine as it awaits approval to mine the fresh rock from its Beatons Creek project.

Toronto-listed gold producer Novo Resources has churned out 18,144 ounces of gold in the third quarter at its newly minted Nullagine gold project in the Pilbara that produced 14,890 ounces in the previous quarter. Gold sales generated C$43 million revenue for the conglomerate gold miner who finished the quarter with a hefty C$44.1 million in the kitty and an impressive C$135 million worth of liquid investments.

WA's mining industry is renowned for its technical innovations, but key industry players believe far more could be achieved.

Global company Intertek has consolidated its Perth operations into one of the world's largest minerals testing laboratories, with 500 staff and a desire for more.

Novo Resources continues to churn out record production numbers at its Nullagine gold operations in Western Australia's Pilbara, posting a massive 46 per cent increase above the June result. Revenue also surged 50 per cent over the previous month with 8,589 ounces of gold pumped out from the mill generating $19.2 million revenue. During the month the company also appointed Michael Spreadborough as its new executive co-chairman.

TSX-listed WA gold producer, Novo Resources has moved to speed up the process for receiving its gold assay results. The company has now secured a deal with Intertek Testing Services (Australia) Pty Ltd that will see the latter provide on-site laboratory and sample preparation services and PhotonAssay services. Intertek will manage an on-site laboratory at Novo's Golden Eagle gold processing plant near Nullagine in the East Pilbara.