Struggling gold miners Dacian Gold and Gascoyne Resources have both taken a small step in the right direction, after they announced positive production results today.
Pantoro has announced it missed production targets for the June quarter, just a month after fellow local gold producers Dacian Gold and Gascoyne Resources announced adverse news to investors.
Shares in NRW Holdings have fallen by as much as 13.5 per cent today, following a revision in its forecast for the second half of this financial year after Gascoyne Resources entered administration on Sunday.
Our daily board moves wrap includes Michael Pivac, Aidan Flynn, Simon Amos, Sally-Anne Layman, Mark Le Messurier, Michael Ball, Tanugula Rao, Geoffrey Clifford, Joe Graziano, and Mauro Balzarini.
Struggling gold miner Gascoyne Resources has announced a share placement and rights issue at a 50 per cent discount to its previous closing price, as it seeks to pay down some of its mounting debts.
Gascoyne Resources has written down the value of its flagship Dalgaranga gold project by $33.5 million, as the company's half-year results revealed its liabilities are greater than its assets.
Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.
Shares in Gascoyne Resources have fallen more than 12 per cent today, after the gold producer downgraded its production guidance for the second time in less than a month.
Gascoyne Resources' share price plunged 55 per cent lower today after the gold miner disclosed managing director Mike Dunbar and chair Ian Murray both resigned last week, and it also downgraded its production forecast.
Ian Murray has been appointed non-executive chairman of gold producer Gascoyne Resources, two months after announcing his retirement from Gold Road Resources.
Lepidico is pleased to advise that the Renounceable Entitlements Offer announced on 3 September 2018 has been well supported by the Company's shareholders and new investors and closed significantly
SPECIAL REPORT: The state's gold industry is planning to invest more than $1 billion in exploration and development to sustain continued modest growth in production.
SPECIAL REPORT: WA's 30 gold miners achieved a small increase in aggregate output last year with the state's biggest producer, Newmont Mining, making up about a sixth of this at 1.1m ounces, research by Business News has found.
Perth-based GR Engineering Services has recorded a slight decline in net profit for the 2018 financial year due to two settlement claims, despite an uptick in the group's revenue.
Pilbara Minerals founder John Young has stepped down from the company's board, with Sally-Anne Layman set to become a non-executive director as the company closes in on first lithium production.
Shares in remote power provider Zenith Energy were up 7 per cent today as the company announced an unaudited before tax profit of up to $11 million for the first half of the financial year.
Wesfarmers subsidiary EVOL has won a long-term contract to supply LNG to the power station and the process plant at Gascoyne Resources' Dalgaranga gold project in the Murchison region.
West Perth-based Gascoyne Resources has secured a $60 million debt facility with two major Australian banks as it aims for its Dalgaranga gold project to be in production in mid-2018.
Gascoyne Resources has raised $21 million through a heavily oversubscribed share placement to fund further exploration and development at two of its Western Australian gold projects.
NRW Holdings has announced it has recently won $57 million worth of contracts through its Action Drill & Blast subsidiary, for work on five coal mines on the east coast.
Aspiring gold miner Gascoyne Resources has tapped NRW Holdings for a $300 million mining services contract at its Dalgaranga project in Western Australia, while NRW's managing director has received a boost to his salary.
Perth's top 20 ASX companies hit a big milestone this month, albeit only for one day – for the first time ever, they all had at least one female director. Click through to read about some of the talented women who made this happen.
Gascoyne Resources has mandated two of Australia's largest banks to arrange a $60 million debt facility for the development of its Dalgaranga gold project in the Murchison region.
GR Engineering Services has finalised a $66.5 million package of work for the construction of processing facilities at Gascoyne Resources' Dalgaranga gold project in the Murchison region.
SPECIAL REPORT: The value of investment into WA gold projects is about four times as much as this time last year, while growth in spending on lithium has been even more substantial.
SPECIAL REPORT: Western Australian stockbrokers and companies raised nearly $1.1 billion in 104 transactions in the March quarter, with gold deals being a major driver of activity, according to new data compiled for the BNiQ Search Engine.
Perth-based gold juniors Gascoyne Resources and Intermin Resources have both reached milestones, with Gascoyne earmarking GR Engineering Services for construction of processing infrastructure while Intermin has achieved first production.
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.
Perth-based explorer Gascoyne Resources has confirmed a $55 million capital raising to fund development of its Dalgaranga gold project in the Murchison region.
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.
A new report has found listed exploration companies are focused increasingly on preserving their cash, as the sector grapples with regulatory rulings by the ASX and ASIC.
