GOLD MINES AND MINING – WESTERN AUSTRALIA

Evolution mulls offers for Edna May gold mine

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Original article by Tess Ingram
The Australian Financial Review – Page: 17 : 13-Sep-17

Evolution Mining has advised that it has received several offers from prospective buyers of the Edna May gold mine in Western Australia. Minjar Gold, which bought Evolution’s Pajingo mine in 2016, is believed to be among the companies to have expressed interest in Edna May. The mine had significantly lower EBITDA than Evolution’s two major mines in 2016-17, while its output for the financial year was 70,188 ounces.

CORPORATES
EVOLUTION MINING LIMITED – ASX EVN, MINJAR GOLD PTY LTD, NORTHERN STAR RESOURCES LIMITED – ASX NST, WESTGOLD RESOURCES LIMITED, KIDMAN RESOURCES LIMITED – ASX KDR, SOCIEDAD QUIMICA Y MINERA SA, HANKING GOLD MINING PTY LTD, ARGONAUT SECURITIES PTY LTD, CITIGROUP PTY LTD, RBC CAPITAL MARKETS

WA Budget 2017: 50 gold producers hit with royalties double whammy

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Original article by Neale Prior
Herald Sun – Page: Online : 8-Sep-17

The Western Australian Government’s 2017 Budget includes an increase in the gold royalty rate from 2.5 per cent to 3.75 per cent when the spot gold price trades above $A1,200 ($US959) an ounce. In addition, gold miners whose annual output exceeds the 2,500oz threshold for a royalty exemption will no longer be entitled to it. The Association of Mining & Exploration Companies has described the measures as a "tax grab" that will result in job cuts in the sector. Large mining companies also face an 0.5 per cent increase in the payroll tax rate, although this will be temporary.

CORPORATES
ASSOCIATION OF MINING AND EXPLORATION COMPANIES, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, THE CHAMBER OF MINERALS AND ENERGY OF WESTERN AUSTRALIA INCORPORATED

Newmont to mull Barrick Super Pit deal

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

US-based Newmont Mining Corporation has indicated that it could seek to gain full ownership of the Super Pit gold mine in Western Australia. Barrick Gold recently flagged the possible sale of its 50 per cent stake in the massive mine. Newmont CEO Gary Goldberg has stressed that organic growth rather than acquisitions remains the big miner’s primary focus, but adds that its knowledge of the Super Pit could make it an exception. He notes that Newmont acquired the Cripple Creek & Victor mine in 2015 at a time when the gold price was lower.

CORPORATES
NEWMONT MINING CORPORATION, BARRICK GOLD CORPORATION, ANGLOGOLD ASHANTI LIMITED – ASX AGG, DIGGERS AND DEALERS FORUM, CREDIT SUISSE (AUSTRALIA) LIMITED

Upbeat outlook puts Dacian at record level

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Original article by Barry FitzGerald
The Australian – Page: 22 : 8-Jul-16

Dacian Gold’s executive chairman Rohan Williams is confident that the gold mining company’s exploration program at the Callisto project in Western Australia will bring the desired results. Williams’ presentation at the Sydney Mining Club prompted a revaluation of the stock, which rose $A0.19 to $A3.49 on 7 July 2016.

CORPORATES
DACIAN GOLD LIMITED – ASX DCN, SYDNEY MINING CLUB, DELTA GOLD LIMITED

Update Report on Haoma’s Test Work at Bamboo Creek

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Australian Stock Exchange Announcements – Page: Online : 26-Aug-15

Australian-listed minerals exploration company Haoma Mining has issued an update on progress on test work at its Bamboo Creek project in Western Australia. The company states in the announcement that, in its June 2015 Quarterly Activities Report, shareholders were informed that test work on Bamboo Creek Tailings and other ore samples had successfully produced concentrates which contained significant grades of precious metals – gold, silver and platinum group metals (PGM). Since the June Quarter Report test work has continued at both Bamboo Creek and the University of Melbourne on the two stages of recovering precious metals from Bamboo Creek Tailings and other ore samples. Samples of Bamboo Creek Tailings and various iron ore samples have been processed successfully using Haoma’s Elazac Process to produce concentrates which contain significant quantities of precious metals – without smelting and without acid digestion. Test work continues with a view to determining the best method of efficiently recovering the gold, silver and individual PGM from the concentrates produced; and the best partner for the commercial refining of those concentrates.

CORPORATES
HAOMA MINING NL – ASX HAO, THE ROY MORGAN RESEARCH CENTRE PTY LTD, UNIVERSITY OF MELBOURNE

Kalgoorlie’s golden secret sent offshore

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Original article by Andrew Burrell
The Australian – Page: 15 : 8-Sep-14

The owners of Super Pit operator Kalgoorlie Consolidated Gold Mines (KCGM), US-based Barrick Gold and Newmont Mining, have been criticised by residents of the Western Australian town. They note that no information on any expansion plans by KCGM for the mine has been released to them, while the parent companies have mentioned promising new drilling data to investors overseas. The main issue is potential underground work in the Central Corridor area, where high-grade ores are said to have been encountered

CORPORATES
KALGOORLIE CONSOLIDATED GOLD MINES PTY LTD, BARRICK GOLD CORPORATION, NEWMONT MINING CORPORATION

Blackham investors in bid to dump Gutnick

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Original article by Andrew Burrell
The Australian – Page: 20 : 22-Jul-14

Mining entrepreneur Joseph Gutnick in 2013 started building a stake of 27% in Western Australian gold producer Blackham Resources. However a dispute over his alleged failure to honour a funding deal that involved convertible notes worth $A6m in mid-July 2014 led to his removal as chair and a law suit. In response Gutnick requisitioned a stockholders’ vote to relieve MD Bryan Dixon and non-executive directors Greg Miles and Alan Thom of their duties, and to instead install Ian Daymond and Stuart Munroe on the board. In the latest step, 19% of investors have called for a meeting at which to oust Gutnick completely

CORPORATES
BLACKHAM RESOURCES LIMITED – ASX BLK, GREAT CENTRAL GOLD PTY LTD, POLO RESOURCES LIMITED, LIONGOLD CORPORATION LIMITED, ACADIAN MINING CORPORATION, SUPREME COURT OF WESTERN AUSTRALIA

Northern Star shares shine as Jundee kicks in

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Original article by Matt Chambers
The Australian – Page: 20 : 10-Jul-14

The stock of Northern Star Resources (NST) on 9 July 2014 closed $A0.185 higher at $A1.505. It is edging back to the all-time high of $A1.57 set in early 2013, as investors react to news of surprisingly good output data. The production of the gold mining group for the quarter ending 30 June 2014 was 115,819 ounces, compared with the forecast range of 80,000 to 90,000. The figure will soon be boosted further by the recent purchase of the Jundee mine in Western Australia. The rising gold price, up $US9 an ounce to $US1,325 for the day, also helped

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, EVOLUTION MINING LIMITED – ASX EVN, RESOLUTE MINING LIMITED – ASX RSG, OCEANA GOLD LIMITED, BARRICK GOLD OF AUSTRALIA LIMITED, NEWMONT MINING CORPORATION