Horizon Minerals

Perth mining executive Michael Ruane is seeking a board spill at Empire Resources, less than two months after the gold miner was forced to restructure its board due to a push from a separate group of dissident shareholders.

Local gold explorers Intermin Resources and MacPhersons Resources have announced plans for a $62 million merger to form Horizon Minerals, which will hold significant assets in the Kalgoorlie region.

Intermin Resources has signed an exclusivity deed with Focus Minerals to potentially acquire its Coolgardie gold project for $40 million over a three-and-a-half year period.

Intermin Resources has reached an agreement to sell its Menzies and Goongarrie gold projects for a cash-and-scrip consideration of $8 million.

UPDATED: Focus Minerals has opted to continue negotiating with Horizon Minerals over the sale of its Coolgardie gold project, despite Hong Kong-listed Hanking Gold Mining submitting an alternative offer.

Horizon Minerals has executed a $4 million loan facility with a German investment group, while also announcing a share placement to raise $2 million to fund the development of its Boorara gold project in Western Australia.

Horizon Minerals has begun early stages of mining at its Boorara gold project, with first production expected in July, while explorer Bardoc Gold says a definitive feasibility study for its namesake project in Kalgoorlie is underway.

Gold producers and explorers are undertaking capital raisings and project expansions amid recent record prices.

Gold explorer Horizon Minerals is using $16 million raised from a share placement to fund its largest ever drilling program across its Western Australian portfolio.

Horizon Minerals has signed an agreement to buy a gold project in Western Australia for $2.8 million.

Focus has told shareholders to take no action in response to an unsolicited takeover from Theta Gold, which is looking to win over investors mulling funding options for the long-dormant Coolgardie mine.

A Perth-based vanadium aspirant chaired by former National Party of Western Australia leader Brendon Grylls is looking for $35 million to list on the ASX.

Two Perth-based gold explorers have reached a deal to have acquired mining projects in Kalgoorlie.

WA gold hopeful Horizon Minerals has reached a deal to acquire fellow explorer Greenstone Resources to consolidate the two companies’ assets in the Goldfields.

Junior miner Horizon Minerals posted a $1.40 million profit during the first half of the 2024 financial year, which was down 19.4 per cent from $1.74 million during the prior corresponding period.

Shares in Horizon Minerals rose by 26 per cent on Monday morning, after the junior announced it had entered into a binding ore sale agreement with Paddington Gold, a wholly-owned subsidiary of Norton Gold Fields.

Shares in Horizon Minerals rose to their highest price since May last year on Monday afternoon, following news that the company had signed a toll milling agreement with FRM Investments.

Gold aspirant Horizon Minerals has officially merged with Greenstone Resources, following all schemes of arrangement being implemented on Tuesday.

ASX-listed Firetail Resources has appointed Glenn Poole as its chief executive officer, effective from July 8.

Horizon Minerals has announced its ore sale agreement with Paddington Gold – a wholly owned subsidiary of Norton Gold Fields – will be extended.

Horizon Minerals is poised to begin mining at its Boorara gold project, after its board approved a final investment decision to develop the site.

Ashok Parekh-chaired Horizon Minerals has announced the departure of Jon Price from its board.

Our weekly appointments wrap includes Gary Nurick, Colleen Hayward, Jo Lanagan, Mark Webb, Matthew Tonts, Rod Clark, Angela Kelly, Craig Holland, Warren Hallam and John Ball.

Copper-focused junior Firetail Resources has promoted chief executive officer Glenn Poole to the role of managing director, effective immediately.

Horizon Minerals expects a booming gold price to help it generate $30 million over the next year and a half, after entering production at its Boorara goldmine near Kalgoorlie.

Horizon Minerals’ push to become a sustainable mid-cap gold producer in the Goldfields is gaining momentum, following news it had filed documents to merge with Poseidon Nickel.

Gold aspirant Horizon Minerals has announced the first ore from its Boorara gold project in the Goldfields is being hauled to nearby Paddington Mill for first gold production.

Gold-focused Horizon Minerals has announced plans to raise around $9.6 million, in order to further development at its Boorara gold project in the Goldfields.