Business and Finance
Australia’s largest ASX-listed gold miner, Northern Star Resources, has rejected an unsolicited AU$38.7 billion takeover proposal from South Africa’s Gold Fields, saying the proposal opportunistic and undervalues the company. The non-binding indicative offer proposed acquiring 100 per cent of Northern Star shares via a scheme of arrangement. Under the default…
Unity Metals raises $4.5M to advance Cambodian gold drilling
Unity Metals Ltd. is raising AU$3.5 million through an oversubscribed placement, positioning the company to expand its gold drilling programmes across key discoveries in Cambodia. The placement involves issuing 23.33 million new ordinary shares at an offer price of 15 cents per share, representing an 11.8 per cent discount to…
Meeka Metals raises $40M to accelerate WA operations
Meeka Metals Ltd. has received commitments for a AU$40 million share placement to fund major growth initiatives across its Western Australian operations. The two-tranche placement, priced at 10 cents per share, garnered strong backing from existing institutional shareholders. The fresh capital will support key corporate objectives, including the deferred consideration…
HyTerra lowers cost base and simplifies capital structure for growth priorities
HyTerra Ltd. has implemented a sweeping cost-reduction program while moving to simplify its capital structure and enhance trading access for United States investors. The company has reduced recurring corporate overheads by 30 per cent on a cash basis, or 21 per cent after accounting for new strategic initiatives. The savings…
Peako completes acquisition of Saudi Arabia gold portfolio
Peako Ltd. has completed the acquisition of six highly prospective gold projects in Saudi Arabia, paving the way for a maiden drill campaign set to kick off in late October. Following shareholder approval, the company has secured an 862-square-kilometre footprint in Saudi Arabia’s Tier-1 Central Arabian Gold Region. The portfolio…
AIC Mines to acquire Mt Cuthbert copper project in $120M deal
AIC Mines Ltd. has agreed to acquire a 100 per cent interest in Materra Metals, owner of the Mt Cuthbert copper project in northwest Queensland, for AU$120 million. The transaction consideration comprises AU$100 million in new fully paid ordinary shares in AIC Mines and AU$20 million in cash, payable to…
Broken Hill Gold and Manda Resources complete North Queensland gold portfolio deal
Broken Hill Gold Ltd. and Manda Resources Ltd. have completed the demerger and consolidation of a premier North Queensland gold and antimony portfolio. Under the completed demerger, Broken Hill Gold has spun out its 100 per cent-owned Alice River gold project and the St George gold-antimony joint venture project into…
Capstone Copper sells Mexican Cozamin mine for up to $385M
Capstone Copper has agreed to sell its Cozamin copper-silver-zinc-lead mine in Zacatecas, Mexico, to Canadian operator Luca Mining for a total consideration of up to US$385 million (AU$541.8 million). The transaction structure includes US$275 million in upfront cash, US$15 million in Luca equity issued at closing, US$35 million in deferred…















