Saracen Mineral Holdings has taken advantage of a strong share price rally to launch a capital raising to fund its Thunderbox project acquisition and strengthen its balance sheet.
Northern Star Resources has confirmed it will enter into a hedging program for almost a third of its forecast gold production over the next 12 months as concerns over price volatility continue to linger across the sector.
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.
Saracen Mineral Holdings has exceeded its production guidance for the third consecutive quarter and says it is on track to produce more gold for the financial year than initially forecast.
Pay cuts, some up to 50 per cent, were the order of the day in the Business News quarterly CEO salary survey, but not all companies have been on trend.
Saracen Mineral Holdings has bolstered its board with the appointment of Samantha Tough and Geoffrey Clifford as non-executive directors, four months after launching a major cost-cutting drive on t
Saracen Mineral Holdings has joined the long list of gold miners taking significant financial knocks, announcing today it expects to take a one-off hit of between $75 million and $80 million due to
The falling gold price is continuing to hit Western Australia's resources sector, with Saracen Minerals today joining a string of companies to cancel projects, slash costs and launch strategic revi
Fresh from announcing plans to develop the Iron Valley mine in the Pilbara, Mineral Resources has become the eleventh Western Australian company in the S&P/ASX 100 Index.
