Acquisitive private equity firm EMR Capital believes its plan to raise production rates at Queensland's Ravenswood mine will allow it to be profitable even if gold prices retreat below $US1300 per ounce.
An EMR-led consortium was officially announced as the new owner of Ravenswood on Wednesday, under a deal that will see existing owner Resolute Mining paid $50 million of cash upfront.
Loading...
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
