All tagged Tribune Resources ASX:TBR

Higher grades boost Tribune gold production

A 46% increase in head grade to 11.21g/t Au at Raleigh underground was behind a solid production quarter for Tribune from the EKJV. Attributable gold production of 25,590oz for the quarter at a very healthy $449/oz operating cost. In The Philippines, prep work continued ahead of diamond drilling at Diwalwal in October.

Tribune releases quarterly report for three months to March

Tribune Resources (ASX: TBR) has provided its quarterly EKJV Exploration Report. The EKJV is located 25km west north west of Kalgoorlie and 47km north east of Coolgardie. The EKJV is between Rand (12.25%), Tribune (36.75%) and Northern Star Resources Ltd (51%). Exploration activity in the March 2019 quarter across the East Kundana Joint Venture consisted of in-mine exploration with underground drilling. Project work was completed on near-mine resource development targets, mostly Drake.

Tribune releases EKJV quarterly update

Tribune Resources (ASX: TBR) has provided a December quarter report for the East Kundana Joint Venture (EKJV), of which it holds a 36.7 per cent stake. During the reporting period, the EKJV progressed a raft of exploration activities across its portfolio of prospects, with varying degrees of success found to-date.

Tribune Resources rejects Northern Star offer for East Kundana Joint Venture stake

Tribune Resources has rejected Northern Star's unsolicited $112.5 million offer for Tribune's 36.75% interest in the East Kundana Joint Venture. Northern Star has also made an associated unsolicited offer for Rand Mining Ltd's 12.25% interest in the EKJV, which has been rejected by Rand. Tribune's board of directors has concluded that the offer significantly undervalues Tribune's interest in the EKJV.

Tribune in $25m acquisition

Tribune Resources (ASX: TBR) has wholly acquired Singapore-based Prometheus Developments by way of an all-scrip deal worth $24.7 million. Tribune will issue 5.5 million shares to the Prometheus vendors at $4.50 a share under the agreement. Prometheus has the right to acquire an 80% stake and a 40% legal interest in three mining tenements covering the Diwalwal gold project in the Philippines.

Tribune Resources - Special Dividend of $3.50 per share delivers value to all shareholders

Gold miner Tribune Resources (ASX: TBR) has responded to investor feedback by declaring a $3.50 a share special dividend, fully franked. The dividend is being funded by Tribune's sale of its accummulated gold bullion holdings. The special dividend follows the payment of two smaller dividends since July last year by the company, which owns 36.75% of the East Kundana Joint Venture gold mining operation in the Goldfields.