GOLD MINES AND MINING

Fortescue pair strike gold with Greatland

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Original article by Brad Thompson
The Australian – Page: 13 & 15 : 2-Jul-25

Greatland Resources’ recent Australian sharemarket float has been a financial boon for chairman Mark Barnaba and deputy chair Elizabeth Gaines. Their stakes in Greatland are estimated to be worth about $10.3m and $5.4m respectively. Barnaba and Gaines are also directors of pure-play iron ore miner Fortescue; Wyloo, the private company of Fortescue’s founder Andrew Forrest, has an 8.2 per cent stake in Greatland, which is now dual-listed on the ASX and London’s AIM sub-market. A third Greatland director, Yasmin Broughton, was appointed to Fortescue’s board yesterday.

CORPORATES
GREATLAND RESOURCES LIMITED – ASX GGP, FORTESCUE LIMITED – ASX FMG, WYLOO METALS PTY LTD

Not so foolish after all: ‘fool’s gold’ contains a newly discovered type of real gold

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Original article by Denis Fougerouse
theconversation.com – Page: Online : 29-Jun-21

Pyrite has long been known as ‘fool’s gold’ because of its resemblance to the precious metal, but pyrite crystals do actually contain small amounts of real gold. Gold hidden within pyrite is sometimes referred to as ‘invisible gold’, and researchers have recently discovered a third, previously unrecognised way that gold can "lurk" inside pyrite. Their discovery may help gold miners to more efficiently extract gold from pyrite, thereby reducing emissions, as well as providing interesting insights into how mineral deposits form.

CORPORATES

No bargains from gold mergers: PwC

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Original article by Nick Evans
The Australian – Page: 17 & 20 : 5-Jun-19

The Super Pit gold mine in Western Australia is among the assets that could potentially be offered for sale in the wake of the latest round of mergers in the gold sector. Northern Star Resources and Evolution Mining are among the Australian gold producers that acquired assets at a discount during the previous spate of mergers in the sector. However, Chris Dodd of PwC says potential buyers cannot expect a significant discount this time around.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, EVOLUTION MINING LIMITED – ASX EVN, PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, NEWMONT MINING CORPORATION, GOLDCORP INCORPORATED, BARRICK GOLD CORPORATION, RANDGOLD RESOURCES LIMITED, ST BARBARA LIMITED – ASX SBM, ATLANTIC GOLD CORPORATION

We will go hard on Winu copper, gold discovery: Rio Tinto

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Original article by Stuart McKinnon
The West Australian – Page: Online : 3-May-19

Rio executive Stephen McIntosh says the company plans to increase the level of exploration activity at its Winu copper-gold discovery in Western Australia so as to quickly ascertain its potential. McIntosh was speaking at a Macquarie Bank conference on 2 May, while he noted that Rio could move to divest Winu if it did not prove to be a "Tier 1 asset". Rio released initial drilling results for Winu in March, following a year or more of speculation concerning its potential to be a major discovery.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Gold sector told to consolidate

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Original article by Peter Ker
The Australian Financial Review – Page: 22 : 25-Oct-18

GoldCorp CEO David Garofalo expects an increase in mergers and acquisitions activity among gold producers, arguing that the large number of players in the sector means it is becoming harder to attract capital. He says further consolidation may be necessary in order to gain the support of generalist investors. Garofalo has downplayed speculation about a potential merger between GoldCorp and Newcrest Mining, which produced 548,351 ounces of gold during the first quarter of 2018-19. This is below the rate required to meet its full-year production forecast.

CORPORATES
GOLDCORP INCORPORATED, NEWCREST MINING LIMITED – ASX NCM, BARRICK GOLD CORPORATION, RANDGOLD RESOURCES LIMITED, REGIS RESOURCES LIMITED – ASX RRL, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR

Gold producers say growth on the agenda

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Original article by Tess Ingram
The Australian Financial Review – Page: 27 : 6-Aug-15

OceanaGold Corporation and Metals X have announced new acquisitions. OceanaGold is buying Canadian-listed Romarco Metals through a $C856 million ($A884.86 million) takeover offer. Metals X is acquiring RNI’s Grosvenor gold project and Panoramic Resources’ Mount Henry project. Metals X is also trying to buy Tanami Gold’s Central Tanami project, even though Tanami Gold has signed an agreement to sell the asset to Northern Star Resources.

CORPORATES
OCEANAGOLD CORPORATION – ASX OGC, METALS X LIMITED – ASX MLX, RNI NL – ASX RNI, EVOLUTION MINING LIMITED – ASX EVN, ROMARCO MINERALS INCORPORATED, PANORAMIC RESOURCES LIMITED – ASX PAN, BHP BILLITON LIMITED – ASX BHP, NORTHERN STAR RESOURCES LIMITED – ASX NST, TANAMI GOLD NL – ASX TAM, GOLD FIELDS LIMITED, DIGGERS AND DEALERS FORUM