CMM
Director Trades
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Company News
Capricorn Metals and Warriedar Resources Propose Strategic Merger to Develop WA Gold Assets
Capricorn Metals (ASX: CMM) has won board and major shareholder backing from takeover target Warriedar Resources (ASX: WA8) for its proposal to combine the two companies’ significant Western Australian gold assets. Capricorn will acquire 100% of the securities in Warriedar, with the latter’s shareholders to receive one new Capricorn share for every 62 Warriedar shares, […]
Capricorn Metals Secures Claw Gold Project from BPM Minerals in Strategic Acquisition
Capricorn Metals (ASX: CMM) has struck a deal with BPM Minerals (ASX: BPM) to acquire the large Claw gold project tenement package in the Murchison region of Western Australia. Capricorn has already identified seven target zones for exploration within the project tenure at Claw which it considers highly prospective for gold mineralisation. The highest priority […]
Capricorn Metals to acquire prospective Ninghan gold project in WA from Sabre Resources
Capricorn Metals (ASX: CMM) will pay $1.6 million to acquire the prospective Ninghan gold project tenement package in Western Australia’s Murchison district from Sabre Resources (ASX: SBR). The company has made an upfront deposit of $100,000 and will pay the balance of the consideration in Capricorn shares valued at the 20-day volume-weighted average price prior […]
Coronado ends merger discussions with Peabody, Suncorp flooded with claims and Medibank remains calm despite threat
Queensland-based Coronado Global Resources (ASX: CRN) has ceased merger discussions with global coal giant Peabody Energy Corporation (NYSE: BTU). Both parties jointly agreed to end talks over a deal that was estimated to be worth more than $9 billion. Following the collapse in negotiations, Coronado’s share price tumbled around 5% at the start of the […]
Calidus Resources vs Capricorn Metals: a tale of two miners
Gold’s 10% fall over the past three months has rubbed some of the gloss off the metal, but not the investment case of an emerging producer as this tale of two miners demonstrates. In Capricorn Metals (ASX: CMM) versus Calidus Resources (ASX: CAI) a number of interesting parallels (and one disconnection) can be seen with […]
Gold’s divided market, sliding majors and rising juniors
Most of the big names in Australian gold mining have had a rough ride recently as the gold price has struggled to reclaim last year’s all-time high, but it’s a different story at the small end of the game where exploration success is the key to share price movement. The difference between producers and explorers […]
DiscovEx Resources picks up Pilbara gold-base metals project, adds Capricorn Metals to register
Western Australia-focused explorer DiscovEx Resources (ASX: DCX) is forming an alliance with gold project developer Capricorn Metals (ASX:CMM), buying an adjacent project and getting Capricorn as a 12% shareholder. DiscovEx is acquiring the 2,247 sq km Sylvania project in the Pilbara, which it describes as “highly prospective” for gold and base metals and a “transformational” deal for the […]
Capricorn Metals rejects takeover bid from Emerald Resources-led consortium
Gold developer Capricorn Metals (ASX: CMM) has rejected an unsolicited takeover offer from a consortium comprising Emerald Resources (ASX: EMR) and Capricorn major shareholder Hawke’s Point Holdings LP. The Perth-based company – which operates the Karlawinda gold project in Western Australia’s Pilbara region – received a non-binding and incomplete letter of intent from the bidding […]