Red 5 and Westgold Resources defined their June 2024 quarter by finalising key mergers, while Gold Road Resources’ operations bounced back following heavy rainfall impacts earlier this year.
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Gold Road Resources chairman Tim Netscher has praised the company’s safe and profitable year, celebrating over 1000 days without a lost-time injury at its Gruyere gold mine in Western Australia.
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De Grey Mining has successfully raised $514.3 million under the $600 million fully underwritten institutional placement and the institutional entitlement offer it announced last week.
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Gold Road Resources has ended discussions with Orion Resource Partners, a global alternative investment firm, to acquire its 40 per cent stake in the Greenstone Gold Mines.
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Following a period of heavy rainfall, Gold Road Resources has resumed mining and processing operations at the Gruyere joint venture it shares with Gold Fields.
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Gold Road Resources continues to process stockpiles at its Gruyere gold project in Western Australia despite incurring six months’ worth of rain in less than two weeks.
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Northern Star Resources, Regis Resources and Red 5 have all recorded an increase in gold sales for the first half of the 2023–24 financial year (H1 FY24), as did Gold Road Resources in its 223 full-year results.
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Gold Road has returned to 19.9 per cent shareholding in De Grey Mining after subscribing in the two tranche institutional placement by De Grey at $1.05 per share.
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Regis Resources has inked an agreement with IGO to purchase the latter’s 30 per cent interest in the Tropicana gold mine in Western Australia. Read More