Leigh Junk

Newly appointed chief executives in WA are on substantially lower salary packages compared with recent years, a Business News survey has found. 

The share prices of Orinoco Gold and Doray Minerals have risen today after the companies announced positive drilling results at their respective projects.

Gold miner Doray Minerals has raised $25 million to reduce debt and increase exploration at its Deflector project, which is located 160 kilometres east of Geraldton.

Gold producer Northern Star Resources has hit its gold production rate target for 2018, while Doray Minerals has announced an increased production guidance for the 2019 financial year.

Gold miner Doray Minerals has announced the sale of its mothballed Andy Well project near Meekatharra to Canadian company Galane Gold in a deal worth $10 million.

Local gold producers Silver Lake Resources and Doray Minerals have announced a merger to create a mid-tier company to be led by Silver Lake managing director Luke Tonkin.

Gold and copper producer Doray Minerals has announced the sale of its Andy Well and Gnaweeda gold projects to Westgold Resources, in a cash and scrip deal worth $15 million.

Over 99 per cent of Doray Minerals' shareholders have voted in favour of the company’s proposed $615 million merger with fellow locally-based gold miner Silver Lake Resources.

Dacian Gold founder Rohan Williams is stepping down from his role as chief executive and executive chairman, to be replaced by 25-year mining veteran Leigh Junk and non-executive director Ian Cochrane.

Dacian Gold has announced details of a partially underwritten capital raising priced at just 30 cents per share as it seeks to strengthen its balance sheet and rebuild its mining operations.

Western Australian companies Dacian Gold and NTM Gold have agreed to merge their assets, with the combined group to have a market capitalisation of $285 million.

Como-based Dacian Gold has completed a share placement to accelerate a significant drilling program across the company’s Mt Morgans and Redcliffe operations in WA.

Dacian Gold has secured funds to continue with expanding its Mt Morgans operations in WA and fast-track exploration.

Dacian Gold will suspend mining at its flagship Mt Morgans operation in Laverton citing “significant” cost pressures, while ushering in a new chief executive to oversee a leaner operating model.

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.