Three Perth-based junior miners have tapped investors for more than $10 million, while gold explorer Crusader Resources will raise up to $US15 million ($19 million) as the company seeks a dual listing on London's AIM.
Focus Minerals has increased its stake in Crescent Gold to 62.1 per cent, after finalising acceptances from Deutsche Bank for its remaining holding in the takeover target, but a new shareholde
Western Australian gold miners Focus Minerals and Crescent Gold have announced a merger plan that will result in the formation of one of Australia's top five gold producers with a market capitalisation of around $323 million.
Crescent Gold says it has fast-tracked plans to begin mining operations at its Apollo deposit, near Laverton, after it announced a maiden gold reserve of 54,000 ounces.
Western Australia-based resources firms Crescent Gold, Latin Resources, and Hot Chili have each announced strong interest and oversubscriptions to capital raisings collectively worth around $16 million.
Investors' appetite for gold-related plays is on the up, with Crescent Gold the latest in a string of Western Australia-based gold explorers and miners to report an overabundance of interest in its latest capital raising.
Crescent Gold Ltd shares have sunk to a 12-month low after the gold producer suspended its Laverton operation in Western Australia following problems with the processing plant.
Subiaco-based exploration company Crescent Gold Ltd has avoided heading to court following a $1.9 million settlement with contractor Bemex Corporation Pty Ltd.
Relations between Perth-based Crescent Gold Ltd and its former contractor Bemex Corporation Pty Ltd have soured as the companies head to court to resolve a $3 million dispute.
Uranium West Pty Ltd, a wholly owned subsidiary of Perth-based Crescent Gold Ltd, has committed $16 million to a uranium exploration program in South Australia.
Perth-based gold explorer Crescent Gold Ltd has completed installation and commissioning of the second ball mill at its Laverton Gold mine, the company has announced.
Shareholders of Perth-based gold explorer Crescent Gold Ltd have approved a placement worth $122.2 million to Deutsche Bank AG, giving the giant a 55.4 per cent voting stake in the firm.
Perth-based gold producer Crescent Gold Ltd has raised $120 million through a placement with Deutsche Bank AG, which will give the investment bank a majority stake in the company.
Western Australia's next gold mine, Crescent Gold Ltd's upgraded Laverton operation, is scheduled to be in production before Christmas and crank up quickly to 90,000 ounces a year.
Emerging Australian gold producer Crescent Gold listed on the Toronto stock exchange last night as the company moves to production at Laverton in Western Australia.
