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Company News
Brightstar Resources Targeting 50% Production Surge at Laverton Hub
Brightstar Resources (ASX: BTR) has reported significant production growth at its Second Fortune and Fish Mines on the back of equipment and manpower upgrades within the company’s Laverton Hub area in Western Australia. The company is forecasting quarterly production growth of more than 50% from its WA projects in the September period. Brightstar achieved a […]
Genesis Minerals strengthens WA gold footprint with Laverton acquisition from Focus Minerals
Genesis Minerals (ASX: GMD) has made a strategic move to boost its WA goldfields portfolio, acquiring the historical Laverton gold project from Focus Minerals (ASX: FML). The $250 million cash deal will consolidate the Laverton assets of Focus and Genesis, which include the recently restarted 3 million tonnes per annum Laverton mill. Genesis, which sees […]
KIN Mining shareholders land a bonus on back of Genesis’ bid for full ownership of Dacian
Shareholders in KIN Mining (ASX: KIN) scored a nice bonus when the company’s shares leapt up 31% on the news that Genesis Minerals (ASX: GMD) has bid to acquire the remaining shares in Dacian Gold (ASX: DCN) it does not already hold. The increase was so large that KIN, which holds a 7.34% interest in […]
An investors guide to the 2023 Diggers & Dealers mining forum
Investors looking for small-cap mining companies with a bright future discover every year that the best place to find them is also the most difficult. Australia’s remote gold, nickel and rare earth capital, Kalgoorlie in Western Australia, is where there will next week be a concentration of mining company managers at the annual Diggers and […]
Genesis bags St Barbara operations while fund managers plunge into Australian gold stocks
The battle for control of the $600 million worth of Leonora gold assets struggling miner St Barbara (ASX: SBM) seems to be over with Genesis Minerals (ASX: GMD) upping its offer and the other contender, Silver Lake Resources (ASX: SLR) having the door slammed in its face. This development followed just hours after the largest […]
Gold, rare earth capital raises dominate September quarter, exploration spend hits new record
Capital raisings by Australian exploration companies totalled $1.29 billion in the three months to 30 September, with gold stocks taking more than a quarter of that sum, followed by rare earths and oil and gas hopefuls. Financial services firm BDO Australia also reported that exploration spending came to $1.07 billion, the highest amount recorded since […]
Consolidation does not always lead to a gold mine
Consolidation is the name of the game underway in Australian gold mining today, and while it can be a stockbroker’s picnic it can also create more losers than winners. The current focus of speculation about a rush of gold sector merger and acquisition (M&A) activity is the historic Western Australian mining centre of Leonora – […]
Genesis Minerals posts 55% increase to gold resources at Ulysses
Genesis Minerals (ASX: GMD) has achieved a 55% increase to its contained gold resource at its wholly-owned Ulysses gold project in Western Australia. In the updated estimate, Ulysses now has a measured, indicated and inferred resource of 3.3 million tonnes grading 3 grams per tonne gold for 321,000 ounces of the precious metal. According to […]