All in Business

Doray Minerals strikes $15m deal to sell Andy Well, Gnaweeda gold projects to Westgold Resources

Doray Minerals (ASX: DRM) has delivered shareholders an early Christmas present with the signing of a binding term sheet to divest the non-core Andy Well and Gnaweeda gold projects to Westgold Resources (ASX: WGX) for $15 million in cash and shares. The deal replaces an earlier announcement arrangement with Canadian group Galane, which has been terminated. Doray expects completion of the deal with Westgold to be completed in February. The proposed deal has no impact on Doray’s agreed merger with Silver Lake Resources (ASX: SLR).

Norwest lists on ASX, begins drilling at Warriedar

Australian Mines spin-out Norwest Minerals has hit the ground running after listing on the ASX last week, with the commencement of a drilling program at its Warriedar gold project south of Mt Magnet in Western Australia. Norwest raised $6.6 million under its initial public offering, and understanding that one of the best ways to create wealth for shareholders is through exploration success, it immediately commenced an RC program at Warriedar.

Doray, Silver Lake bounce back as market takes a closer look at gold merger

The gold sector focused on Doray Minerals and Silver Lake Resources this week after the two WA-based gold producers announced a nil-premium merger to create a $400 million mid-tier ASX-listed company with pro-forma production this year of 240,000 ounces of gold and gold equivalents. After some initial selling by investors, Doray and Silver Lake returned to the winner’s list on Friday to end the week on a high.

Ventnor shares hit 5-year high on maiden silica mineral resource news

Ventnor Resources (ASX: VRX) has come from nowhere to become a market darling, with its share price more than doubling over the past month as investors warm to the Perth company’s silica story. The news was rounded out by the announcement of a maiden resource for its Arrowsmith North prospect north of Perth. Ventnor shares, at 6.6c a month ago, last traded at 13c after reaching 17.5c last week - levels not seen since late 2013.

Goldfields Money - FY18 Results

Goldfields Money (ASX: GMY) has provided its full year FY18 results, which marked a return to underlying profitability for the company. A record of $46 million of new loans were settled during FY18 with total loans under management increasing to $214 million, reflective of the company's investment in developing and expanding distributing capabilities.

Gruyere mine site visit sets scene for big Diggers & Dealers

It’s almost upon us - Diggers & Dealers 2018. About 2300 miners, explorers, investors, advisers and media are expected to descend on Kalgoorlie-Boulder from tomorrow ahead of the first of three days of presentations on August 6. Tomorrow morning, a group of miners, investors and media will board their flight to Kalgoorlie-Boulder, stopping off at world-class gold mine development Gruyere along the way.