The latest announcement is out from Gascoyne Resources Limited ( (AU:SPR) ).
Ramelius Resources Limited and Spartan Resources Limited have announced a merger, with Ramelius acquiring all outstanding Spartan shares. This transaction aims to create a leading Australian gold producer, with a combined mineral resource estimate of 12.1 million ounces of gold and a vision to increase production to over 500,000 ounces annually by fiscal year 2030. The merger is expected to enhance market position, improve production capabilities, and generate cost savings through synergies.
More about Gascoyne Resources Limited
YTD Price Performance: -40.67%
Average Trading Volume: 566
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.3B
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