Junior gold miners Ramelius Resources and Saracen Mineral Holdings have posted solid quarters, with Ramelius achieving its production targets for a 12th consecutive quarter.
The United States Associated Press has called the presidential election for Republican candidate Donald Trump, after he won swing states Ohio and Florida and pulled bricks out of Hillary Clinton's rust belt blue wall, pushing WA gold stocks well up and causing volatility across financial markets.
Perth gold miner Saracen Mineral Holdings has locked in a financing facility of up to $150 million with a banking syndicate, replacing a previous loan deal that expired in September.
Saracen Mineral Holdings managing director Raleigh Finlayson has told today's WA Mining Club lunch that local mid-tier gold miners had squandered a share price premium during the boom years, but had since built up a strong case to trade at above underlying value.
Saracen Mineral Holdings has attracted AngloGold Ashanti for a farm-in agreement for its Carosue Dam North gold project near Kalgoorlie, valued at $25 million.
SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.
SPECIAL REPORT: Some of Western Australia's biggest gold miners plan to boost their exploration spend in the coming year, with Saracen Mineral Holdings and Northern Star Resources among those committed to putting increasing amounts ‘into the ground'.
Gold miner Saracen has more than doubled financial year net profit to $26 million on the back of higher gold production and a continuing strong local dollar gold price.
Local gold miners Resolute Mining, Saracen Mineral Holdings and Ramelius Resources have hit their production targets for FY16 at lower-than-expected costs.
The Australian dollar gold price hit an all-time record of $1,826 an ounce today after Britain elected to leave the European Union, with shares in local gold miners rallying strongly even though the broader stock market tumbled more than 3 per cent.
London's FTSE100 index crashed more than 7 per cent in the first few minutes after markets opened around 4pm AEST, as voters in the UK elected to leave the European Union by a 52-48 margin, prompting Prime Minister David Cameron to flag his resignation.
SPECIAL REPORT: The number of women serving on company boards is slowly one the rise, but it's still rare to see a female take the chair, judging by Business News's analysis of Western Australian company directors.
Blackham Resources will proceed with a $22.9 million refurbishment of the Wiluna gold plant at its Matilda project, with Interquip/Mintrex and Practon Engineering selected as key contractors today.
Local gold miners Saracen Mineral Holdings, Silver Lake Resources and St Barbara reported a profitable six months, however shareholders won't be seeing any returns in the form of dividends.
Local gold miners continue to prove there is still money to be made in Western Australia's resources playground, with Northern Star Resources, Metals X, Ramelius Resources and Saracen Mineral Holdings all closing higher on the ASX.
Gold companies Doray Minerals, Ramelius Resources and Saracen Mineral Holdings have posted better-than-expected production results for the December quarter, with the precious metal miners bullish on the next six months.
SPECIAL REPORT: One of the few positives in a tough year for business was the gold sector, and at the forefront was Northern Star Resources, under the leadership of Bill Beament.
SPECIAL REPORT: With a mere handful of projects under construction, it's what is in store for the future that has everyone guessing. Click through to also see our list of WA mining projects.
Saracen Mineral Holdings has announced development of the Thunderbox mine is ahead of schedule, while Kidman Resources achieved its first gold pour at the Burbanks mine.
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.
New gold mining projects under way or in advanced planning will collectively deliver more than 1 million ounces to production each year when operational.
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.
Evolution Mining has recorded record quarterly and annual production on the back of an “outstanding” result at its Edna May mine, adding to the ranks of gold miners to post impressive results this month.
Pacific Energy has won a contract to build, own and maintain a 14 megawatt power station at Saracen Mineral Holding's Thunderbox gold project near Leinster for an undisclosed sum.
One year after buying the Thunderbox operations from Norilsk Nickel, Saracen Mineral Holdings has announced plans to develop an open pit gold mine that will double its production to about 300,000 ounces per annum by the 2017 financial year.
Shares in gold producer Saracen Mineral Holdings were up 14 per cent today after the company's December quarterly report revealed strong production, lower costs and improved cash flow generation.
Molopo Energy's new board, led by Perth-based chair Samantha Tough, has announced the sale of its major asset and commenced a cost-cutting review, following a board shake-up last week.
The latest numbers from Western Australia's listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state's royalty system might erode margins beyond break-even.
Pacific Energy managing director Adam Boyd has announced plans to leave the role at the end of March next year, after more than eight years at the company.
PYBAR Mining Services is positioning itself to take on the two dominant contractors in underground mining, after making two acquisitions in Western Australia and being named as preferred contractor for a new mine.
A subsidiary of Wesfarmers, liquefied natural gas supplier EVOL LNG, has won a deal with Saracen Mineral Holdings to supply 7,000 tonnes of the resource per year to its Carosue Dam operations north of Kalgoorlie for an undisclosed amount.
Saracen Mineral Holdings announced this afternoon that an employee of an unnamed contractor passed away overnight in his room at the accommodation village of the company's Red October mine.
Western Australian based stocks rose 18.9 per cent in the twelve months to Hune 30, but most of the gains were in the first six months of that period, according to the Deloitte WA Index released today.
SPECIAL REPORT: The gold and technology sectors have experienced a boost in investment activity for the March quarter, but doubts remain over whether it will last.
