Evolution meets guidance, McFadzean steps down

ASX-listed Evolution Mining has reported gold production of 89 812 oz during the three months to December, following the successful merger between Catalpa Resources and Conquest Mining. In its first quarterly results report, the merged entity...

Newly formed Evolution looks to capital raising

The newly-formed Evolution Mining on Wednesday launched a A$152.5-million capital raising to strengthen its balance sheet and increase the company’s financial flexibility. Evolution Mining, which is the resulting entity of the merger between...

Catalpa reports slight declines in production

Gold miner Catalpa Resources has reported a slight decline in production during the quarter ended September, when compared with the three months to June. Group gold production reached 25 035 oz during the quarter, at a cash cost of A$1 002/oz,...

Shareholder thumbs up for Catalpa, Conquest merger

The shareholders of ASX-listed miners Catalpa Resources and Conquest Mining on Friday approved the creation of Evolution Mining through a merger of equals. Shareholders of both companies also approved the concurrent purchase of the Cracow and...

Merged Catalpa and Conquest entity to be named Evolution Mining

The merger between gold miners Catalpa Resources and Conquest Mining was moving ahead, with Catalpa on Tuesday announcing that the merged entity would be known as Evolution Mining. The name Evolution Mining had been selected to embody the...

Blackrock, Baker Steel invest A$50m in Catalpa-Conquest entity

Merging gold miners Catalpa Resources and Conquest Mining on Tuesday reported that they had already secured A$50-million in equity from investors. The companies announced a merger of equals to create one of Australia’s five largest gold miners...

Newcrest likely to sell Bonikro mine – RBS

Gold miner Newcrest Mining is likely to sell its Bonikro mine, in Côte d’Ivoire, as it divests of its Mount Rawdon operation, and its 70% interest in the Cracow mine, said the Royal Bank of Scotland (RBS). Newcrest is selling the Mount Rawdon...

St Barbara mulling options after Catalpa merger

Gold miner St Barbara on Thursday said that it was still weighing its options after takeover target Catalpa Resources abandoned its discussions regarding an unsolicited takeover, in favour of a merger with fellow listed Conquest Mining. Catalpa...

Merged Catalpa and Conquest to rank as a top-five Australian gold miner

Gold miners Catalpa Resources and Conquest Mining on Wednesday came out of a trading halt to announce that the two companies had signed a binding transaction to merge. In a joint statement, the miners said that the merger would create a leading...

St Barbara starts production at new WA gold mine

Gold miner St Barbara has started production at the King of the Hills underground gold mine, in Western Australia, ahead of schedule. The ore from the project would be processed at the Gwalia mill, where previously processed stockpiled...

Catalpa sees lower output for March quarter

Gold miner Catalpa Resources has reported a slight decline in gold production for the quarter ended March. During the three months, Catalpa produced some 21 959 oz of gold from its Edna May and Cracow operations, in Western Australia and...

Edna May underground mining to start early next year – Catalpa

Western Australian gold-miner Catalpa Resources on Wednesday said that its underground operation at the Edna May gold mine would likely be in production by early next year. MD Bruce McFadzean told the Paydirt Gold conference, in Perth that the...