SPECIAL REPORT: Blackham Resources has overcome a number of hurdles following its transition from explorer to producer, while the state's emerging miners wrapped-up a busy 12 months.
Gold miner Doray Minerals says it expects to report a $40 million-$45 million impairment charge against its Andy Well and Deflector gold mines, with the former operation also expected to deliver an operational loss for the financial year.
Doray Minerals chairman Peter Lester has told the company he will retire on Monday to focus on his other business interests, less than two months after founding managing director Allan Kelly resigned.
The board of gold miner Doray Minerals has given the nod to proceed with developing its recently acquired Deflector project in the Murchison region as soon as it has received enough funding.
Doray Minerals will seek to raise a smaller-than-expected amount of capital for its second gold project following yesterday's announcement the state would leave royalty payments unchanged.
Doray Minerals has appointed PCF Capital Group as adviser as the company plans to secure funding for the construction and development of its Deflector gold-copper project near Geraldton.
Doray Minerals has refinanced a $55 million debt facility with Westpac to help fund development of its Andy Well stage 2 gold project in the Murchison region of Western Australia.
Perth-based Doray Minerals has confirmed solid growth in gold production and disclosed lower costs in the December quarter, as it moves toward completing its takeover of Mutiny Gold.
GR Engineering Services executive chairman Joe Ricciardo will step into a non-executive chairmanship role from the beginning of next year, after completing the handover of managerial control to managing director Geoff Jones.
Belmont-based contractor GR Engineering Services has won a $10.3 million contract to provide engineering, procurement and construction management work at Finders Resources' Wetar Copper project expansion in Indonesia.
Gold miner Doray Minerals is hoping for a market re-rating after announcing a scrip takeover of Mutiny Gold today, but its goal of becoming a two-mine mid-tier producer failed to impress the market.
Mutiny Gold has signed a memorandum of understanding with GR Engineering Services for the construction of a processing facility at its Deflector copper-gold project in the Mid West.
Mutiny Gold has promoted non-executive director Alan Brown to non-executive chairman, following the resignation of Frank Lawson from the board of the WA gold explorer.
Perth-based junior Mutiny Gold has launched plans to raise $4.1 million towards drilling at its Deflector copper-gold project in the Midwest, including a $1.5 million share placement to preferred mining contractor Ausdrill.
Munity Gold non-executive director Rowan Johnston has assumed the role of acting chief executive following John Greeve's resignation as managing director.
GR Engineering has joined the share register of one of its major clients, Mutiny Gold, receiving more than $748,000 worth of stock as consideration for engineering works.
Mutiny Gold has cut 32 per cent off the capital cost of its Deflector project as it seeks to revive interest in the development two weeks after its major funding partner walked away.
SOUTH Africa's RMB Resources is not a new player in the Australian market, but it's the kind of financier that is likely to become more prominent as local companies seek alternative funding solutio
Mutiny Gold shares have soared after it announced that successful exploration programs at its flagship Deflector gold project in the Murchison had resulted in it doubling its initial production estimates.
South Perth-based Mutiny Gold says final drilling results at its Deflector deposit near Geraldton have returned significant copper-gold mineralisation.
South Perth-based gold explorer Mutiny Gold Ltd will earn a 70 per cent stake in the Secret Creek copper-gold project in the Ashburton region by spending $1.5 million on exploration and completion of a bankable feasibility study, the company has announced
South Perth-based gold explorer Mutiny Gold Ltd will raise $3 million through a placement with Hong Kong based Jinshu Investment Group in the first part of a $6 million capital raising, the company announced today.
South Perth-based gold explorer Mutiny Gold Ltd has issued a prospectus for options to existing shareholders, to be distributed on a basis of one for every two shares held.
South Perth gold explorer Mutiny Gold Ltd has acquired two prospective gold leases from West Perth's Agincourt Resources Ltd and its wholly owned subsidiary Reliance Minerals Ltd for $5000 and 250,000 Mutiny shares.
South Perth based mining company Mutiny Gold Ltd has lowered the minimum subscription rate for its Initial Public Offer to $1.5 million after announcing it had reached its minimum subscription level of $2 million earlier this month.
