Panoramic considering IPO for Gum Creek

Western Australian mining company Panoramic Resources said on Monday that it had decided to run a dual initial public offering (IPO) and sales process for its Gum Creek gold project, near Wiluna, to unlock the project’s full value in the currently-buoyant gold sector. A March scoping study estimated that Gum Creek, previously known as the Gidgee project, could deliver 290 000 oz/y over nearly six years for a price tag of A$62-million.