Westgold Resources’ takeover hopes of Gascoyne Resources have been dashed after the Supreme Court of Western Australia approved Gascoyne’s merger with Firefly Resources.
Worldwide demand for gold decreased in the September quarter as the industry felt the pinch of reduced exchange-traded funds (ETF) sales.
OceanaGold has recorded a 12 per cent revenue increase quarter-on-quarter, with the performances of its Didipio gold-copper mine in Philippines and Haile gold mine in the United States exceeding expectations.
Newcrest Mining has forecast improved gold and copper production in the December quarter following a decrease in shutdown activities and the completion of a SAG mill motor replacement at the Cadia gold operation in New South Wales.
Bellevue Gold is on track to produce 200,000 ounces of gold a year at industry leading costs for the first five years at its namesake project in Western Australia after making positive progress in the September quarter. Read more
West African Resources (WAF) is set to strengthen its gold portfolio in Burkina Faso with the acquisition of a 90 per cent stake in the Kiaka gold project from B2Gold and GAMS‐Mining F&I.
OZ Minerals has completed due diligence at the Wollongong copper farm-in and joint venture (JV) with Resolution Minerals in the Northern Territory, revealing it will spend $4.9 million on exploration at the project over five years.
De Grey Mining has secured a $125 million placement to deliver a pre-feasibility study for the Mallina gold project in Western Australia next year.
Gold Road Resources hopes to grow its development pipeline with the Lake Rebecca gold project in Western Australia after offering $166 million to acquire Apollo Consolidated.