Friday, 7 June, 2013 - 15:08
Nexus to restructure board in wake of falling gold
Nexus Minerals has become the latest in a long line of gold players to announce cost cutting initiatives as uncertainty prevails in the gold market.
Nexus Mineral Limited engages in the exploration of mineral deposits in Australia and east Africa. It primarily explores for iron ore, gold, rare-earth elements, and base metals. The company holds interests in the Yandicoogina South project, the Mt Goldsworthy tenements, the Hancock Range tenements, and the Mount Tinstone project located in the Pilbara region of Western Australia.
The company was formerly known as Hemisphere Resources Limited and changed its name to Nexus Mineral Limited in November 2012.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
500th | MA Financial Group | 24.55% | 9.44% |
501st | West Wits Mining | 24.5% | 25.04% |
502nd | Nexus Minerals | 24.5% | 6.53% |
503rd | Propel Funeral Partners | 24.47% | 16.75% |
504th | NGE Capital | 24.41% | 11.76% |
Rank | Company | # | |
---|---|---|---|
144th | ![]() |
Nexus Minerals | $1.36m |
166th | - | James Bay Minerals | $888.28k |
167th | ![]() |
Cazaly Resources | $870.87k |
168th | ![]() |
Caravel Minerals | $841.16k |
169th | ![]() |
Tungsten Mining | $815.99k |
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Nexus Minerals has become the latest in a long line of gold players to announce cost cutting initiatives as uncertainty prevails in the gold market.
Nexus Minerals has appointed current general manager Andy Tudor as chief executive officer, whilst refocusing operations to Australian projects.
Saracen Mineral Holdings says it is on track for its 2018 financial year production target after announcing solid gold output for the December quarter, while also signing a deal to sell its Wallbrook project near Kalgoorlie.
Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares. The new shares were priced at 5¢, a modest 8% discount to NTM’s pre-trading halt close of 5.4¢ on January 11.
Westgold Resources Limited is pleased to advise that completion of the sale of the South Kalgoorlie Operations (SKO) to Northern Star Resources Limited as announced on 8 March 2018 occurred on 29 March 2018.
Calidus Resources is pleased to advise that it has successfully completed the 100% acquisition of the strategic tenement EL45/4555 with Epminex WA Pty Ltd covering an area of 19.2 square kilometres in the Pilbara region of Western Australia.
Gibb River Diamonds is set to acquire its first gold asset after securing the option to buy Nexus Minerals’ high-grade Edjudina gold project in the Eastern Goldfields.
Nexus Minerals has launched a $6.6 million share placement to fund a feasibility study on the company’s gold joint venture with Saracen Mineral Holdings.
Multi-billion-dollar lithium play Liontown Resources has sought to quell media speculation surrounding a potential equity raising for its tier-one Kathleen Valley project.
Our board moves wrap includes Ken Kluksdahl, Andre Douchane, Paul Rennie, Mark Elliott, Tim Wall, and Xavier Braud.
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