In its next step of selling off non-core gold assets, Westgold Resources will divest its Mt Henry-Selene gold project to Alicanto Minerals for $64.4 million.
Newly merged Westgold Resources and Karora Resources have lauded the timing of their deal to create a consolidated gold miner, after tying a ribbon on their transaction today.
Westgold Resources has moved another step closer to its deal for Karora Resources, with the Canada-listed company's shareholders voting in favour of the transaction over the weekend.
Westgold has moved a step closer to its merger with Canadian-listed gold play Karora Resources, after its $1.2 billion deal was ticked off by the Foreign Investment Review Board.
WA gold merger aspirants Westgold and Karora will amend their $1.2 billion agreement at the direction of the Takeovers Panel, but a standstill clause on rival Ramelius Resources will remain.
The value of gold rose 15 per cent in local dollar terms over the first six months of 2024, hitting record levels driven by geopolitical tensions and wavering economic growth indicators.
Westgold Resources has backed its move for Karora Resources, with the pair working towards finalising the deal by the end of July despite a rival's request for Takeovers Panel intervention.
Gold miner Ramelius Resources has requested Takeovers Panel intervention in Westgold Resources's move for Karora Resources, revealing an earlier agreement between itself and the acquirer.
Shaw and Partners WA State Manager Davide Bosio waxes lyrical about the stubbornness of junior gold exploration stocks that many thought would run hard or be taken over amid the highest of gold price highs. Is this a perfect setting for M&A activity? Will junior gold stocks finally be dragged skywards by the inevitable M&A activity that should flow from times like this?
Westgold Resources has announced it will merge with Toronto-listed Karora Resources, resulting in a market capitalisation value of approximately $2.2 billion.
Less than a week after confirming it would not pursue a merger with Toronto-listed Karora Resources, gold producer Ramelius Resources has recorded its highest ever quarterly production.
Ramelius Resources has announced it is in exclusive discussions with Toronto Stock Exchange-listed Karora Resources, regarding the possibility of a merger between both companies.
RNC Minerals has recovered an estimated $3.9 million worth of gold within 274 kilograms of rock at its Beta Hunt mine in the Kambalda district of the Goldfields.
Gold Corporation chairman Don Mackay-Coghill has launched a broadside against the loose monetary policy of central banks in the past decade, warning it has inflated a big bubble.
A massive gold nugget worth at least $110,000 has been uncovered by a prospector in the northern Goldfields, weeks after Canadian gold miner RNC Minerals made an even bigger discovery near Kambalda.
Cape Lambert Resources Limited has sold its royalty on the Mayoko iron ore project for $1 million cash subject to the formality of the new owners signing off on the transaction.
Metals X spin-off Westgold Resources has entered into a toll processing agreement with Canadian company RNC Minerals that comes with an option to sell its South Kalgoorlie operations for $80 million in cash and shares.
