Discussions regarding a potential deal between Genesis Minerals and St Barbara are back on the table, though fellow gold play Dacian Gold is also reportedly in the Raleigh Finalyson-led company's sights.
Shares in St Barbara have taken a dive as the gold producer weighs up the future of two of its operations, while announcing the closure of its Melbourne office.
Raleigh Finlayson-led Genesis Minerals has addressed media speculation regarding potential merger and acquisition activity with fellow ASX-listed gold play St Barbara.
Shares in Fremantle-based junior Bardoc Gold enjoyed a 13 per cent rise after revealing a takeover proposal from gold producer St Barbara valuing the company at $157 million.
Osborne Park-based Kin Mining has rejected a takeover offer from goldminer and major shareholder St Barbara, while announcing a $13 million capital raising.
Labour shortages resulting in a slower-than-expected change in mining contractor has forced St Barbara to lower full-year production forecast for its Gwalia operation near Leonora.
Australian-based gold producer St Barbara (SBM) has acquired a 70 per cent interest in Perth-based resources company Australian Potash's Lake Wells Gold Project east of Laverton.
Torian Resources has extended the interpreted strike length of the gold-bearing zone at its Mt Stirling gold project near Leonora in WA to more than 1.1km. It comes in the midst of the company's ongoing drilling push aimed at building on an existing resource for Mt Stirling of 727,021 tonnes of ore at an average grade of 1.45 g/t for 33,893 ounces of contained gold.
Victoria's St Barbara has appointed Macmahon Holdings as the new mining contractor for its Gwalia operations near Leonora under a $500 million agreement.
Perth-based Swick Mining Services has been contracted by BHP to continue underground drilling services at the Olympic Dam copper mine in South Australia.
The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.
Shares in St Barbara eased today after the company downgraded production forecasts at two of its goldmines, while fellow miner Regis Resources reported a strong quarterly result.
Gold explorer Catalyst Metals has entered a farm-in and joint venture agreement with major shareholder St Barbara to explore its Drummartin project in Victoria.
The gold price touched an all-time high today in Australian dollar terms, sending the shares of many of the country's gold miners surging, led by Resolute Mining and Northern Star Resources.
The Australian dollar gold price has passed $2,000 an ounce for the first time, according to The Perth Mint, with five WA-linked goldminers putting on a combined $1.3 billion of value in today's trading.
Shares in St Barbara have fallen 30 per cent after the company said it would have to keep using trucking to extract gold from its flagship Gwalia project, due to ventilation issues it discovered at the underground mine.
Gold miners with Western Australian operations are providing a strong return to investors, making up 35 per cent of the top 20 performing stocks in the S&P/ASX 200 for the past three months.
ANNIVERSARY SPECIAL: WA's mining industry has undergone a dramatic transformation over the past quarter of a century, with iron ore replacing gold as the state's most valuable commodity.
A host of WA gold miners including Evolution Mining, Saracen Mineral Holdings and Regis Resources registered strong gains today, as the broader market suffered its second worst day of the year.
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.
Local gold producers Saracen Mineral Holdings and Silver Lake Resources have announced solid growth in profits for the 2018 financial year, while Western Australia-focused St Barbara also registered a positive result.
Westgold Resources Limited is pleased to advise that completion of the sale of the South Kalgoorlie Operations (SKO) to Northern Star Resources Limited as announced on 8 March 2018 occurred on 29 M
Goldminer St Barbara has invested $4 million in local explorer Duketon Mining, while Resolute Mining has announced it will take a $5.1 million stake in a Canadian gold-focused company.
Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue
Junior explorer Peel Mining has announced plans to spin-off its Apollo Hill gold project near Leonora into a new company and list it on the ASX by way of an initial public offering.
SPECIAL REPORT: Backdoor-listed technology businesses and mining hopefuls have joined the state's top performers in financial year 2016 in Business News's annual analysis of total shareholder returns.
