The Australian dollar gold price has moved above $2300 an ounce for the first time in history as fears surrounding the United States–China trade wars have again impacted global economic markets.
Australian mining companies are capitalising on the currency disparity with North America to drive operational growth.
Mining companies big and small are joining forces and digging into the underexplored regions of northern Australia.
St Barbara has met its revised 2019 production guidance, while remaining on track to acquire Canada’s Atlantic Gold.
Global events continue to push the gold price in the United States and Australian dollar to record levels as the precious metal strengthens its position as a safe haven for investors.
The Australian gold price has continued to surge this week, breaking the $2,000 an ounce mark for the first time amidst global uncertainty.
St Barbara’s $768 million acquisition of Canadian miner Atlantic Gold is moving towards completion, with the settlement date now set for July 20.
St Barbara has formed a joint venture (JV) with the subsidiary of gold explorer Alice Queen for the Horn Island project in the Torres Strait, far-north Queensland.
St Barbara is allowing investors who applied for new shares under the company’s acquisition of Atlantic Gold to withdraw their applications by the end of the week.
A list of the top five Australian cities for graduates has been published, with the country’s larger urban hubs nowhere to be found.
Gender diversity is not a corporate catchphrase when it comes to the mining sector’s forerunners. Women in leading positions at BHP, Fortescue and St Barbara lay out their achievements, but also point out that more needs to be done.
St Barbara is targeting Canada for growth through a takeover of gold producer Atlantic Gold for C$722 million ($768 million).
AngloGold Ashanti has awarded Kalgoorlie Power Systems with a contract expansion to increase power capacity for its Tropicana underground development in Western Australia.
St Barbara has reduced its gold production target at the Gwalia mine in Western Australia for the remaining first half of 2019.
Australian Potash has entered into an earn-in and a joint venture (JV) with mid-tier gold producer St Barbara over the Lake Wells gold tenements in Yilgarn Craton in Western Australia.
Gold-focused St Barbara has achieved several company records following the release of its 2018 financial year results.
Australian gold producer St Barbara has extended its air charter services contract to Alliance Aviation Services by a further three years.
St Barbara has awarded Swift Networks, as part of its relationship with Telstra, a contract to upgrade the digital entertainment and connectivity services at the gold miner’s Leonora camp in Western Australia.
Gold miner St Barbara has released its third quarter (Q3) results, posting an overall steady performance, with no debts and improved production guidance, but a slight dip in gold production when compared with previous quarters.
Australian gold exploration and production company St Barbara has paid $4 million for 14.5 million shares of Duketon Mining at a price of 27.5 cents per share, representing a 12.3 per cent investment in the company.