Westgold Resources and Karora Resources have merged to create a leading mid-tier gold producer operating exclusively in Western Australia with a pro forma market capitalization of A$2.5 billion. “Today marks the next phase of Westgold’s evolution into a larger, unhedged and well-funded Australian gold producer,” said Westgold Managing Director and CEO Wayne Bramwell. “Our value proposition is significantly enhanced with…
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Australian gold miner Ramelius Resources has ended discussions to buyout Canadian-based, Western Australia-focused Karora Resources, reported Reuters. “Following its usual disciplined due diligence process, Ramelius advises that no final agreement, including on value, was reached,” the company said. The news agency said a local report estimated the transaction value to be between A$700 million and $1 billion. Karora Resources, which…
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Australian gold group Karora Resources has appointed Bevan Jones as its chief operating officer for Australia. Jones, who will oversee day-to-day operations country-wide, is replacing a retiring Graeme Sloan. The company said it will continue to benefit from Graeme’s input as he will remain a member of senior management as an advisor. Jones is a 27-year industry veteran, with positions…
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