Ramelius to buy Australian rival Spartan Resources for $1.5B
https://www.mining.com/web/ramelius-to-buy-rival-spartan-resources/..............The agreement will give Ramelius ownership of Spartan’s flagship Dalgaranga gold project in Western Australia. The combined group is set to become a leading Australian producer with overall output rising to more than 500,000 ounces a year by 2030, Ramelius said.
The offer comes as prices for bullion last week topped $3,000 an ounce for the first time, with strong central bank buying and haven demand driving the metal’s 38% rally over the last 12 months.
Soaring prices have sparked a flurry of takeover activity among companies that mine the metal in recent months — including Australian producer Northern Star Resources Ltd.’s A$5 billion purchase of De Grey Mining Ltd. and Equinox Gold Corp. Ltd.’s C$2.6 billion ($1.8 billion) acquisition of Calibre Mining Corp. in Canada...............
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Last
5.2¢ |
Change
0.001(1.96%) |
Mkt cap ! $130.7M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.3¢ | 5.0¢ | $134.9K | 2.615M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2338524 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 737202 | 3 |
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| Last trade - 12.29pm 27/06/2025 (20 minute delay) ? |
| HRZ (ASX) Chart |