Troubled nickel miner Panoramic Resources has been placed in the hands of administrators from FTI Consulting after an unsuccessful bid to obtain funding or attract buyers.
Northern Star Resources has sold a large portion of its Kalgoorlie operations to Evolution Mining on the same day it appointed Stuart Tonkin as the goldminer's new managing director.
Gold explorer OreCorp has secured funds from a share placement to progress the development of its Nyanzaga project while it considers the demerger of its WA assets.
Western Australian companies Dacian Gold and NTM Gold have agreed to merge their assets, with the combined group to have a market capitalisation of $285 million.
Dacian Gold has announced details of a partially underwritten capital raising priced at just 30 cents per share as it seeks to strengthen its balance sheet and rebuild its mining operations.
Perth-based Resolute Mining has finalised the sale of its Ravenswood gold project in Queensland to a private equity and mining consortium for up to $300 million.
Resolute Mining will undertake a strategic review of its Bibiani gold mine, engaging Cutfield Freeman and Treadstone Resource Partners as advisers in the process.
Ibaera Capital has made a hostile $27.4 million takeover bid for fellow West Perth-based company Azumah Resources, as the fund manager seeks to get both hands on its gold joint venture in West Africa.
Independence Group has announced plans to sell its Stockman copper-zinc project in Victoria for $47.2 million in cash and royalty payments, but will record a $20 million impairment on the project.
SPECIAL REPORT: There was a big rise in the number and value of completed capital raisings in WA last year, according to data compiled in the BNiQ Search Engine.
Aspiring miner Dacian Gold has launched a $150 million capital raising to fund a big portion of the development costs for its Mt Morgans gold project near Laverton, which is expected to begin operating by 2018.
Gold Road Resources has entered into a joint venture agreement with South African mining giant Gold Fields for its Gruyere project near Laverton, in a deal worth $350 million plus royalties.
Independence Group has put forward a $20.5 million bid for emerging nickel play Windward Resources, competing against a previous deal put forward by Michael Fotios's Eastern Goldfields.
