Yesterday
Allied Gold $181m deal shopped to local investors
The deal comes after gold futures rose to a record high of more than $3350 an ounce on Wednesday.
This Month
Evolution Mining pockets gold windfall as NSW mine life extended
The ASX-listed company’s margins are bulging after producing bullion for $1600 an ounce and then selling at more than three times that cost.
ASIC hunts gold mining executives over Russia scandal
A Russian investor was issued millions of dollars of shares in an Australian gold miner without paying for them. Now ASIC is pursuing the executives responsible.
Bellevue Gold flags takeover talk after bad hedges force $156m raise
The struggling West Australian gold miner has been forced into a dilutive fundraising to close out lowball forward hedging contracts.
Gold could hit $US4500 as confidence in US havens crumbles
An exodus from American investments has swiftly pushed bullion back to a record level as the precious metal solidifies itself as the “premier” safe asset.
Northern Star set to seal $6b De Grey buyout in mega gold deal
The price tag is the highest ever for an undeveloped Australian project, and the buyer hopes to take control of the promising Hemi development.
Greatland Gold taps broking trio for Aussie cross-listing
The Western Australia miner has appointed Bank of America, Barrenjoey Capital Partners and Canaccord Genuity to its broking lineup
AustralianSuper-backed Federation Mining gears up for second half IPO
The New Zealand gold player, which is 90 per cent owned by AustralianSuper, has been talking to mid-tier brokers about a potential listing.
Gold Road pushes for higher bid as mine study suggests vast riches
WA miner says scoping study suggests Gold Fields’ $3.3 billion bid undervalues prospects for the Gruyere joint venture.
Advice for commodities investors? Sell, sell, then keep selling
Major Wall Street brokers are telling clients to resist the temptation to buy into metals and oil as prices fall, warning economic disruption is not over.
Bellevue misses gold boom as share uncertainty continues
A West Australian gold miner has failed to capitalise on record prices after low-quality ore prompts looming downgrade.
Gold soars to $5000 in ‘once in 40-year gift’ for investors, fundies
The relentless rally has pushed the gold price almost 20 per cent higher this year, its best quarter since 1986. Money managers can see opportunities.
March
Rumourtrage aplenty at Bellevue Gold
Gold prices are booming, but one outlier can’t seem to manage its own message.
Gold fever brings open-pit M&A warfare. Beware investors
In case a $2.2 billion bid for a twice-broke gold hopeful wasn’t enough, a new David vs Goliath battle has broken out in WA gold. Pity the shareholders.
‘Gone ballistic’: Soaring gold price revives mothballed mines
Towns like Coolgardie, population 850, are in the midst of a modern gold rush as investors and entrepreneurs scramble for a piece of the action.
Gold Road chief executive lashes ‘aggressive’ $3.3b takeover bid
Duncan Gibbs said the proposal from South Africa’s Gold Fields, its partner in a West Australian mine, was priced too low.
Gold Road rejects $3.3b bid from South African rival Gold Fields
Unsolicited bid “part of the corporate dance” to pile pressure on Gold Road board, in a deal that would result in full control over the Gruyere joint venture gold mine in WA
$1b-capped Catalyst Metals sells Tasmanian mine to listed junior
The gold miner is back from its roadshow and ready to press play on a divestment, just as record-high bullion prices spike M&A activity in the resources sector.
Gold rush hits fever pitch as fundies spruik 100pc gains
Australian investment managers are scrambling to advertise their new funds after the precious metal topped $US3000, creating a windfall for mining stocks.
Record gold price drives $4.2b Ramelius-Spartan merger
The precious metal’s record-breaking march beyond $US3000 an ounce has prompted another deal between two West Australian miners.