Shares in Gold Road Resources have been sold off today after unexpected labour productivity issues at the Gruyere mine meant it just met the bottom end of its production guidance.
In this podcast, Simone Grogan and Jack McGinn discuss Woodside's big week; Qantas hearing; Mineral Resources; De Grey; South Perth's timber tower; and plans for an ex-premier's house.
De Grey has launched a $300 million capital raising to start making a mine out of its Hemi deposit, while the inevitable sting of inflation lifts build costs to $1.3 billion.
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.
Our board moves wrap includes Simon Dominy, Alastair Clayton, Ed Mead, Victor Rosenberg, John Downes, Jonathan Hart, Keely Woodward, Julie Jones, Hayden Bartrop, Lincoln Ho, Ronald Miller, and John Dorward.
Gold Road Resources has taken up nearly $26 million worth of new shares via De Grey Mining's latest placement to cement its place as the junior's biggest shareholder.
De Grey Mining estimates it will cost $1 billion to transform its famed Mallina discovery into a 540,000 ounce per annum gold operation and one of the largest by output in Australia.
Gold Road Resources has bumped up its stake in De Grey Mining to nearly 20 per cent via Credit Suisse but says a takeover attempt is not on the cards yet.
Gold Road Resources will proceed to a compulsory acquisition of DGO Gold after sweetening its all-scrip offer for the Melbourne-based explorer last month.
Gold Road Resources has lifted its all-scrip takeover offer for DGO Gold in what it says will be its best final offer to acquire the ASX-listed minerals explorer.
Goldminer Ramelius Resources is set to complete a compulsory acquisition of Apollo Consolidated, having acquired more than 90 per cent of the target's shares on issue.
Ramelius Resources is on track to complete a $180 million takeover of Apollo Consolidated, having acquired more than half of the explorer's issued capital.
Gold Road Resources says it won't increase its all-cash offer for explorer Apollo Consolidated after being outbid last week, but has left the door open with respect to its 19.9 per cent shareholding.
Ramelius Resources has lifted its offer for Apollo Consolidated to $181 million to trump that of takeover rival Gold Road after securing backing from the target's board and second largest shareholder.
Gold Road Resources has stepped in to counter Ramelius Resources' proposed takeover bid for Apollo Consolidated, tabling an all-cash unconditional offer.
Our board moves wrap includes Michelle Hinchliffe, Chris Hunt, Matthew Worner, Denise McComish, Dale Henderson, Mick McMahon, Ian Brannan, Harley Whitcombe, and David Welch.
Experienced director Sharon Warburton will join the board of Northern Star Resources in September, while Tony Kiernan has announced his plan to retire from the role.
Our board moves wrap includes Craig Sharp, Jenny Cutri, Justin Osborne, Stephen Mann, Patrick Hickey, Claude Demby, Susan Jones, Anastasios Arima, Levi Mochkin, and David Lim.
The sale of IGO's 30 per cent stake in the Tropicana gold mine appears close to being completed, with Regis Resources tipped as the successful bidder after Gold Road Resources said its offer had not been accepted.
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.
Nearly 50 drilling projects will be funded through the state government's Exploration Incentive Scheme, with winners including big businesses such as AngloGold Ashanti Australia and Rio Tinto.
Gold Road Resources remains on track to meet its full-year operating and cost guidance after reporting steady gold production for the March quarter and a healthy financial position.
In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.
The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.
Gold Road Resources shares rose by more than 11 per cent today after the company announced higher than expected cash generation from its Gruyere gold mine in Western Australia.
