GOLD MINES AND MINING – AUSTRALIA

Creasy still ‘very happy’ with Independence bid for Sirius

roymorgansocial Leave a comment

Original article by Tess Ingram
The Australian Financial Review – Page: 20 : 5-Aug-15

Sirius Resources’ shareholders will vote on the proposed takeover offer from Independence Group in September 2015. The sharp fall in the suitor’s share price since the bid was revealed in May has significantly reduced the implied value of the bid. Mark Creasy, who holds a 35 per cent stake in Sirius, says he continues to support the bid and adds that there is no indication that a rival bid for Sirius will emerge.

CORPORATES
SIRIUS RESOURCES NL – ASX SIR, INDEPENDENCE GROUP NL – ASX IGO, DIGGERS AND DEALERS FORUM

Creasy still ‘very happy’ with Independence bid for Sirius

roymorgansocial Leave a comment

Original article by Tess Ingram
The Australian Financial Review – Page: 20 : 5-Aug-15

Sirius Resources’ shareholders will vote on the proposed takeover offer from Independence Group in September 2015. The sharp fall in the suitor’s share price since the bid was revealed in May has significantly reduced the implied value of the bid. Mark Creasy, who holds a 35 per cent stake in Sirius, says he continues to support the bid and adds that there is no indication that a rival bid for Sirius will emerge.

CORPORATES
SIRIUS RESOURCES NL – ASX SIR, INDEPENDENCE GROUP NL – ASX IGO, DIGGERS AND DEALERS FORUM

Miners pin hopes on gold-led resurgence

roymorgansocial Leave a comment

Original article by Tess Ingram
The Australian Financial Review – Page: 11 & 16 : 3-Aug-15

Mergers and acquisitions activity in the global mining sector topped $A4.2trn in 2014, according to data from Dealogic. In contrast, there were just $A77.6bn worth of deals involving Australian mining companies and assets. However, a number of recent deals in the local gold mining sector has boosted optimism about the outlook for M&A activity, particularly in the gold industry. Hayden Bairstow of Macquarie Group expects M&A to be a hot topic during the upcoming Diggers & Dealers conference.

CORPORATES
DEALOGIC (AUSTRALIA) PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, DIGGERS AND DEALERS FORUM, NORTHERN STAR RESOURCES LIMITED – ASX NST, EVOLUTION MINING LIMITED – ASX EVN, OCEANAGOLD CORPORATION – ASX OGC, NEWMONT MINING CORPORATION, BARRICK GOLD CORPORATION, ROMARCO MINERALS INCORPORATED, ANTOFAGASTA PLC, METALS X LIMITED – ASX MLX, RNI NL – ASX RNI, PANORAMIC RESOURCES LIMITED – ASX PAN, TANAMI GOLD NL – ASX TAM, ARGONAUT SECURITIES PTY LTD, PCF CAPITAL GROUP PTY LTD, LION SELECTION GROUP LIMITED – ASX LSX, DORAY MINERALS LIMITED – ASX DRM, MUTINY GOLD LIMITED, ERNST AND YOUNG

UBS slaps a buy on gold stocks – except for two

roymorgansocial Leave a comment

Original article by Stephen Cauchi
The Australian Financial Review – Page: 27 : 28-May-15

The gold price is trading at around $US1,188 per ounce, compared with $US1,150 in March 2015. UBS is bullish about most Australian-listed gold producers, and its top picks include Evolution Mining and Alacer Gold. However, UBS has a "neutral" recommendation on Independence Group and a "sell" rating on Newcrest Mining. Meanwhile, Reuters notes that there has been an upturn in mergers and acquisitions in the gold sector in 2015.

CORPORATES
UBS HOLDINGS PTY LTD, EVOLUTION MINING LIMITED – ASX EVN, ALACER GOLD CORPORATION – ASX AQG, INDEPENDENCE GROUP NL – ASX IGO, NEWCREST MINING LIMITED – ASX NCM, OCEANAGOLD CORPORATION – ASX OGC, ENDEAVOUR MINING CORPORATION – ASX EVR, PERSEUS MINING LIMITED – ASX PRU, SILVER LAKE RESOURCES LIMITED – ASX SLR, REGIS RESOURCES LIMITED – ASX RRL, BEADELL RESOURCES LIMITED – ASX BDR, LA MANCHA RESOURCES INCORPORATED, BARRICK GOLD CORPORATION, NORTHERN STAR RESOURCES LIMITED – ASX NST, MINE LIFE PTY LTD, REUTERS HOLDINGS PLC

ASIC: Newcrest fine a warning

roymorgansocial Leave a comment

Original article by Nassim Khadem
The Australian Financial Review – Page: 24 : 7-Aug-14

The Australian Securities & Investments Commission will undertake a review of analysts’ research reports in the wake of the scandal over Newcrest Mining’s selective briefings. ASIC commissioner John Price says the gold miner’s record $A1.2m fine demonstrates the need for companies to ensure that they comply with continuous disclosure requirements and make market-sensitive information available to all financial market participants

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALASIAN INVESTOR RELATIONS ASSOCIATION LIMITED, SLATER AND GORDON LIMITED – ASX SGH

Newcrest ‘slow to lower its forecasts’

roymorgansocial Leave a comment

Original article by Matt Chambers
The Australian – Page: 18 : 23-Jul-14

The Federal Court of Australia is hearing a class action suit against Newcrest Mining, brought by law firm Slater & Gordon on behalf of investors who bought shares in the gold producer between 13 August 2012 and 6 June 2013. It is being claimed that the company was aware close to 12 months before it disclosed this officially to the stock market that its output estimates were flawed. Newcrest has now noted that the case’s scope is wider than its selective briefing of analysts, which recently prompted a settlement worth $A1.2bn with the Australian Securities & Investments Commission

CORPORATES
NEWCREST MINING LIMITED – ASX NCM|SLATER AND GORDON LIMITED – ASX SGH|AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION|FEDERAL COURT OF AUSTRALIA|LIHIR GOLD LIMITED