Karora Resources

A massive gold nugget worth at least $110,000 has been uncovered by a prospector in the northern Goldfields, weeks after Canadian gold miner RNC Minerals made an even bigger discovery near Kambalda.

Gold Corporation chairman Don Mackay-Coghill has launched a broadside against the loose monetary policy of central banks in the past decade, warning it has inflated a big bubble.

Perth-based Westgold Resources has agreed to sell its Higginsville gold operation to RNC Minerals, in a cash and scrip deal worth $50 million.

The state’s gold miners are positioning themselves to take advantage of the commodity’s surging value.

RNC Minerals has recovered an estimated $3.9 million worth of gold within 274 kilograms of rock at its Beta Hunt mine in the Kambalda district of the Goldfields.

Shares in Kalamazoo and Karora spin-out Kali Metals almost doubled soon after the newly listed company started trading.

Ramelius Resources has announced it is in exclusive discussions with Toronto Stock Exchange-listed Karora Resources, regarding the possibility of a merger between both companies.

Gold producer Ramelius Resources has confirmed it will not pursue a merger with Toronto-listed Karora Resources.

Less than a week after confirming it would not pursue a merger with Toronto-listed Karora Resources, gold producer Ramelius Resources has recorded its highest ever quarterly production.

Westgold Resources has announced it will merge with Toronto-listed Karora Resources, resulting in a market capitalisation value of approximately $2.2 billion.

Mark Zeptner-led Ramelius Resources is eying an annual company production record for the 2024 financial year, following a bumper March 2024 quarter.

Lithium aspirant Kali Metals has appointed seasoned mining executive Paul Adams as its managing director, effective from July 1.

Gold miner Ramelius Resources has requested Takeovers Panel intervention in Westgold Resources’s move for Karora Resources, revealing an earlier agreement between itself and the acquirer.

Westgold Resources has backed its move for Karora Resources, with the pair working towards finalising the deal by the end of July despite a rival’s request for Takeovers Panel intervention.

The value of gold rose 15 per cent in local dollar terms over the first six months of 2024, hitting record levels driven by geopolitical tensions and wavering economic growth indicators.

WA gold merger aspirants Westgold and Karora will amend their $1.2 billion agreement at the direction of the Takeovers Panel, but a standstill clause on rival Ramelius Resources will remain.

Westgold has moved a step closer to its merger with Canadian-listed gold play Karora Resources, after its $1.2 billion deal was ticked off by the Foreign Investment Review Board.

Westgold Resources has moved another step closer to its deal for Karora Resources, with the Canada-listed company’s shareholders voting in favour of the transaction over the weekend.

Newly merged Westgold Resources and Karora Resources have lauded the timing of their deal to create a consolidated gold miner, after tying a ribbon on their transaction today.