Reuters reported that Gold Fields (NYSE:GFI) has finalised its $270 million acquisition of mines belonging to Barrick Gold Corp (NYSE:ABX, TSX:ABX) in Australia.
Articles Tagged "australia"
Alacer Gold (TSX:ASR, ASX:AQG) is selling its Australian business unit for A$40 million in cash, Mining Weekly reported on Monday.
Australian Mining reports that Southern Gold (ASX:SAU) is moving forward with a potential new gold mine in Australia, having released its prefeasibility study results.
Here are five companies mining the precious metal Down Under.
Newcrest Mining (TSX:NM, ASX:NCM) announced a statutory loss of A$5,778 million for the year ending June 30, 2013.
China, Australia and the United States were the top bullion producers in 2012.
Troy Resources Limited (ASX:TRY,TSX:TRY) announced that they have removed all conditions from its takeover offer for the shares in Azimuth Resources Limited (ASX:AZH,TSX:AZH).
MoneyNews reported that Newcrest Mining's (ASX:NCM) decision to write down the value of its mines by as much as A$6 billion ($5.5 billion) will lead to the biggest one-time charge in gold mining history.
The gold price failed to catch fire this week even though the US Federal Reserve announced news that was bullion-supportive.
Bloomberg reported that increasing costs and falling ore quality at Alacer Gold Corp.'s (TSX:ASR,ASX:AQG) Australia-based mines, coupled with expansion potential at the company's gold mine in Turkey, make Alacer a good M&A target.