News Articles for La Mancha

Contractor Resource Mining has inked an agreement to co-fund Intermin Resources' Teal gold project to production, with the mine to cost an estimated $4.5 million.

Gold miner Evolution Mining has lifted its full-year production guidance after strong output from recently acquired mines took production to record levels.

Three fast-growing gold miners have undertaken further expansion moves in Western Australia, with Evolution Mining announcing its intention to make a takeover offer for Phoenix Gold.

Gold is a rare bright light in the mining industry, with major changes during the past two years to be followed by the opening of multiple new mines and more M&A deals. Click through to find the special report, which ranks WA producers, and looks at Gold Corp, executive pay, and new gold projects.

The tussle for control of Phoenix Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one of the miner's largest shareholders, boosting its interest to 17.9 per cent ahead of announcing a cash takeover bid that values the business at $47 million.

Evolution Mining has bought a large stake in a local gold mining company with tenements near La Mancha's mines and processing plant near Kalgoorlie, which Evolution is also buying.

Gold company Evolution Mining has finalised its purchase of La Mancha Resources' Australian assets and secured $100 million in financial firepower to continue its growth opportunities.

La Mancha Resources has signed an agreement to acquire up to 70 per cent of Perth-based explorer Intermin Resources' Binduli gold project near Kalgoorlie.

The value of mergers and acquisitions in the Western Australian gold sector over the past 12 months has reached close to $650 million, analysis by Business News has found.

Saracen Mineral Holdings has purchased the Thunderbox gold project from Norilsk Nickel for $23 million, in a deal which could double the company's production to up to 270,000 ounces per year.

Electrical contracting firm GCo Electrical has won a $6.8 million contract at La Mancha Resources' Mungari gold project near Kalgoorlie-Boulder.

HOW does the managing director of an aspiring nickel miner remain positive amid weakening commodities prices and an equities market in decline?

Engineering company Sedgman has signed a $90 million contract to design and build a new gold processing plant near Kalgoorlie for La Mancha Resources.

Shares in one of Australia's largest gold companies, Alacer Gold, have shot up after it announced its sale of interests in the Frog's Leg gold mine near Kalgoorlie for US$171 million ( million).