Ramelius Resources

Ramelius Resources has inched closer to taking over Musgrave Minerals after receiving acceptances of more than 91 per cent to move on a compulsory acquisition.

Gold producer Ramelius Resources has increased its annual guidance for 2024 financial year following increased production during its first half.

Ramelius Resources' revenue jumped 14 per cent during the first half of the 2024 financial year, ensuring the gold miner generated a record $348.5 million.

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.

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 will enter a strategic alliance with Ora Mining to advance the development of its Crown Prince deposit in the Murchison region, as activity in the region heats up.

Ramelius Resources managing director Mark Zeptner is hopeful the gold miner’s Cue project will deliver significant returns long-term.

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.

Ramelius Resources has emerged with a strategic 8.9 per cent stake in fellow Murchison gold play Spartan Resources but says it does not currently plan to take over the company.

Mid-tier gold player Ramelius Resources has secured a revolving debt facility worth $175 million from a syndicate of banks, in a move to free up its financial flexibility.

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.

Red 5, Ramelius Resources and Regis Resources have each unveiled major milestones ahead of company reporting season, as bumper gold prices drive records.

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.

Spartan Resources shares soared 20 per cent off a new mineral resource at its Dalgaranga gold project, weeks after Ramelius Resources unveiled a 17.9 per cent stake in the company.

Ramelius Resources hopes to continue the momentum of a record year for gold production but has opted against a $300 million investment to prolong the life of its Edna May goldmine.

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.

The combined value of Western Australia’s listed companies fell to $349.7 billion last financial year, propped up by the resurgent performance of the state’s gold sector.

Ramelius Resources boss Mark Zeptner says he has moved on from the Westgold-Karora takeover saga but remains unhappy with the way the Takeovers Panel handled the situation.

Remarks by Wayne Bramwell to Business News this time last year have proved somewhat prophetic, considering recent events in the Western Australian gold sector.

Renewable energy developer PWR Hybrid has been contracted by Ramelius Resources to build and operate a hybrid power station at its Mt Magnet mine.

GOLD WRAP: Ramelius Resources has increased its profit 250 per cent year-on-year, bringing in almost $220 million last financial year as it rode a wave of record gold prices and low costs.

Ramelius Resources made three unsuccessful attempts to acquire Westgold Resources between October 2023 and April 2024, the Takeovers Panel has revealed.

The number of women running ASX300 companies has stagnated in the past year with a survey also showing multiple WA companies have no women in their executive leadership group.

Spartan Resources will tap the market for as much as $220 million, fresh off an upgrade to the mineral resource at its Dalgaranga project in the Murchison region.

Gold miner Ramelius Resources has made a series of additions to its management team, as it strives for further growth.

Spartan Resources interim executive chair Simon Lawson says the company’s $220 million capital raise will ensure it remains on course for a potential positive FID at Dalgaranga next year.

Goldminer Catalyst Metals has cleared $36 million worth of inherited debt, riding the wave of gold price momentum which has led to a flurry of activity in the sector this week.

Gold Road Resources has reported a 27 per cent quarter-on-quarter hike in the value of its listed investments but remains tight-lipped on whether it will make a move for De Grey Mining.

A new record Australian dollar gold price greeted local producers this morning, as companies including Vault Minerals and Ramelius Resources outlined their growth ambitions.

High grades delivered Ramelius Resources a profit record in the first half of the financial year, with the company delivering 19 per cent more gold despite mining significantly less ore.

Ramelius Resources unveiled a vision to keep the mill at its Mt Magnet production hub full for 17 years, but its share price plummeted in response to the news this morning.

The price of gold saw out the work week above US$3,000 per ounce, driven to all-time highs amid a bull run fueled by global economic and geopolitical uncertainty.

Goldminer Ramelius Resources has made a long-rumoured $2.4 billion move for developer Spartan Resources, with a vision to create a 500,000-ounce gold producer by 2030.