Peako (ASX:PKO) acquires a 862km² Saudi Arabian gold exploration portfolio with drill-ready targets and a A$5.17 million placement at a 40.8% discount.
Gold Stocks
Northern Star Resources (ASX:NST) responded to Elliott Investment Management’s allegations but pushed back on a potential sale.
Investors who thought Pan African Resources’ acquisition of Emmerson Resources would mean the latter company disappearing completely are wrong. The mid‑tier African gold producer will keep Emmerson's ASX listing in a move that will see its shares trade on three exchanges simultaneously (the LSE, JSE, and now the ASX) giving Australian investors direct access to…
Forrestania Resources (ASX:FRS) has launched a recommended scrip takeover of Zenith Minerals at a 46.7% premium, adding 675koz of gold to the Lake Johnston hub.
KEY POINTS
Elliott, one of the world's most aggressive activist investors, has built a stake worth more than A$1 billion (about 4%) in Northern Star (ASX: NST) and is pushing for a strategic review that could include a sale, plus an external CEO and a board refresh.
Northern Star is already replacing its…
Resolute Mining (ASX:RSG) flags Q2 Syama production of 30koz as Mali security disrupts logistics, but full-year guidance and Doropo build remain on track.
Lac Gold (ASX:LAC) reports a 1,580 g/t gold hit at Astoria as Phase 2 drilling at the Rouyn Project targets a materially larger resource.
Pacgold (ASX:PGO) is demerging its North Queensland gold assets into Emerald-backed Manda Resources, with a 1.33Moz resource and planned 2026 IPO.
49 Metals (ASX:49M) has drilled 9.1m at 21.9g/t gold at Gold Mountain in Nevada, with management flagging a potential feeder zone in the epithermal system.
Paterson Resources (ASX:PSL) lifted its Grace Gold Project resource to 200,000oz at 1.79 g/t, with 96.7% indicative recoveries and proximity to Telfer.
