Latest Deals

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Australia’s Westgold Resources and Canada-based Karora Resources have completed their merger, establishing a new mid-tier gold production company. The newly combined company, which has a market capitalisation of around A$2.2bn ($1.43bn), has a dual listing on the Australian Securities Exchange and Toronto Stock Exchange. Karora shareholders received 2.524 Westgold shares, C$0.608 in cash and a 0.30 share in Culico Metals, a spin-off from Karora. Westgold is now positioned as a top-five gold producer in Australia, with an annual production of over 400,000oz.

Aruma Resources has closed its acquisition of copper and uranium exploration assets in South Australia and Queensland. Under the share acquisition agreement with NHM Holdings (Australia), Aruma secured the Wilan IOCG uranium project near Olympic Dam, as well as the Fiery Creek and Bortala copper projects in the Mt Isa region.  Aruma now plans to commence targeted, systematic fieldwork programmes across the new projects to define drill targets.

Polymetals Resources has acquired the Endeavor silver, lead and zinc mine, situated 40km north of Cobar, New South Wales. The acquisition was finalised with the transfer of 100% shares to Polymetals' wholly owned subsidiary, Cobar Metals, from CBH Resources and its subsidiary companies, Endeavor Operations and Cobar Operations. The sale covered the underground mine, a 1.2mt per year processing plant, 1,100km² of tenements and supporting infrastructure. Polymetals plans first production in H1 2025.

Cyprium Metals has partnered with Glencore to accelerate the restart of copper production at its Nifty copper complex near Port Hedland in WA. Glencore will buy copper products from Nifty's two processing plants, including off-spec materials that are often produced during the start-up phase. Cyprium’s contract for the sale of copper concentrate is expected to commence in 2026, the earliest anticipated start date for Nifty's production.