https://www.miningweekly.com

WPG appoints receivers

9th August 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – South Australian gold miner WPG Resources has gone into receivership.

The company told shareholders this week that receivers were appointed following a default of the group on a A$20-million debt facility with services provider Byrnecut Group.

WPG’s assets has been used as security for the deal struck in December last year.

The receivers have now taken immediate possession of all WPG assets, and was in charge of all day-to-day operations, with WPG telling shareholders that the receivers were undertaking an immediate assessment of the company’s affairs while business continues.

WPG set record quarterly productions of 17 818 oz for the June quarter, despite its Challenger gold mine continuing to disappoint.

Edited by Creamer Media Reporter

Comments

Projects

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.167 0.205s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: