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Articles by Base Resources
WA miners enter $60m takeover
Share Price Closing price for the last 90 trading days Powered by Morningstar ® Total Shareholder Return as at 29/05/20 1 year TSR5 year TSR 47th Perseus Mining 185% 24% 113th Ramelius Resources 88% 69% 136th Tribune Resources 75% 27% 585th Base Resources -31% 3% 653rd Mount Gibson Iron -41% 30% 671 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue Powered by Morningstar ® Share Transactions Total value as at the date of the...
Spectrum shares surge on Ramelius offer
Mark Zeptner says the acquisition will bring benefits to both Ramelius and Spectrum shareholders. Photo: Gabriel Oliveira facebook twitter linkedin print Gold miner Ramelius Resources has lodged a $208 million takeover offer for Spectrum Metals, after Spectrum settled its disputes with Venus Metals Corporation in relation to the acquisition of the Penny West gold project in Western Australia. To read more, please Login below or Subscribe.
Silver Lake hikes EganStreet bid
Silver Lake says it will offer 0.431 of its own shares for each EganStreet share. facebook twitter linkedin print Silver Lake Resources has substantially improved the terms of its scrip takeover bid for EganStreet Resources, which disclosed today it had been approached by Adaman Resources with a competing cash offer. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Silver Lake shares surge on quarterly update
Silver Lake reported exploration success near its Deflector mine during the quarter. facebook twitter linkedin print Silver Lake Resources was the best performer among the ASX200 today, after it released strong September quarterly results and told investors it anticipates more good news for the financial year ahead. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Silver Lake to acquire EganStreet for $52m
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Western Areas signs offtake deal
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Mt Gibson resumes shipments
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Westgold scraps purchase of Doray projects
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Silver Lake cops fine for worker injury
Silver Lake Resources has been fined $58,000 in Perth Magistrates Court following an incident in 2014 that seriously injured a worker at its Murchison gold operation, located 25 kilometres southeast of Cue.
Ramelius adds cash to Explaurum offer
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Westgold secures $38m
Westgold Resources has tapped investors for $23.4 million, while also announcing the sale of its lithium royalties at Mt Marion and Buldania for $15 million.
Silver Lake and Doray in $421m gold merger
Local gold producers Silver Lake Resources and Doray Minerals have announced a merger to create a combined mid-tier company, led by Silver Lake managing director Luke Tonkin. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Ramelius lifts Explaurum offer to $73m
Ramelius Resources has increased its takeover bid for gold-focused Explaurum, with the miner making an indicative $73.4 million offer after its first proposal was rejected. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Western Areas approves $299m Odysseus
Nickel producer Western Areas has given the green light to develop its Odysseus project following completion of a definitive feasibility study, which detailed a capital cost of $299 million. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Ramelius to head underground
Gold producer Ramelius Resources has announced plans to commence underground mining at its Edna May operation near Southern Cross early next year. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Kerr to lead Mt Gibson
Mount Gibson Iron will have a leadership change at the end of the month, which chief financial officer Peter Kerr to succeed Jim Beyer as chief executive as Mr Beyer pursues other opportunities. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Ramelius lobs $59m Explaurum bid
Ramelius Resources has launched a $59.2 million hostile takeover bid for gold-focused Explaurum, which holds assets near the gold producer’s Edna May mine in the Goldfields region. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Western Areas flags cost rise in FY19
Shares in Western Areas have fallen more than 7 per cent in early trading, after the nickel producer posted an $11.8 million net profit for the year to June but forecast a rise in costs in 2019. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Murray set to resign from Gold Road
Gold Road Resources has announced the retirement of long standing chief executive Ian Murray, with former AngloGold Ashanti general manager Duncan Gibbs set to take the reins. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Western Areas in JV with Iluka
Nickel-focused Western Areas has signed a farm-in deal with Iluka Resources for a series of tenements in South Australia worth up to $5.8 million over the next seven years. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Gruyere set to cost $621m
Gold Road Resources has flagged further cost increases at its half-owned Gruyere gold project, while also extending an earthworks contract with MACA at the site. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Western Areas kicks off Odysseus
Nickel miner Western Areas has begun early works at its Odysseus project, signing on local contractor MACA, while the company also said it had reached its production guidance for the year to June. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Cost increase at Gruyere project
Gold Road Resources has announced cost increases and schedule delays due to recent heavy rainfall at the company's Gruyere gold project near Laverton.
Western Areas spends $32m on Odysseus
The board of nickel miner Western Areas has approved a $32 million capital works program at the company’s Odysseus project, with the definitive feasibility study set to be released in the September quarter. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Beadell to merge with Canadian firm
West Perth-based Beadell Resources has announced plans to merge with a Canadian mining exploration firm to create a dual-listed company on the ASX and the TSX venture exchange.
Doray in $25m raising
Gold miner Doray Minerals has raised $25 million to reduce debt and increase exploration at its Deflector project, which is located 160 kilometres east of Geraldton.
Base in $US75m African purchase
Base Resources has announced that it will purchase a mineral sands project in Madagascar for $US75 million ($100 million) and tap investors for $100 million to fund the acquisition. Under the agreement, the mineral sands miner will initially take an 85 per cent stake in the Toliara sands project, with the remaining 15 per cent to be acquired from World Titane Holdings for $US17 million pending the achievement of key milestones.
Millennium to spend $46m on plant upgrades
Junior miner Millennium Minerals plans to spend up to $46 million to upgrade the processing infrastructure at its Nullagine gold operation to achieve a higher quality of output. Perth-based Millennium has estimated it would cost between $40 million and $46 million to establish an integrated carbon-in-leach and floatation plant at Nullagine.
Paladin, Avira deal falls over at final hurdle
Paladin Energy’s planned $US10 million sale of a 30 per cent stake in the Manyingee uranium project to Avira Energy has been thwarted with the latter company unable to secure financing in time. The Manyingee deal was subject to a termination date of March 31, prior to which Avira would need to clear all hoops for the transaction. The Sydney-based company secured Foreign Investment Review Board approval but failed to complete a capital raising by that deadline.
Tiger flags cash flow issues
Africa-focused Tiger Resources is in talks with its shareholders and lenders concerning its depleting cash balance, as repairs to infrastructure at its Kipoi copper project will hinder production for the month. Tiger told the market today that the tank leach circuit at Kipoi had been shut down to repair failures in two pump mixers. The repairs are expected to be completed within 7 days; however, as a result of the complications Tiger’s March production will be short by about 100 tonnes of copper.
BC Iron up on Iron Valley results
Shares in BC Iron closed 20 per cent higher today after the Perth-based iron ore junior announced record quarterly earnings from its Iron Valley mine. BCI told the market today it had shipped a record 2.1 million wet metric tonnes of iron ore from the Mineral Resources-operated mine in the December quarter, generating a record quarterly earnings before interest, tax, depreciation and amortisation of $8.1 million.
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