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Mawson to acquire Southern Cross Gold in merger
Published: 12 Jun 24
Exploration and development company Mawson Gold has announced a nonbinding term sheet with Southern Cross Gold (SXG), outlining its intent to acquire all the ordinary shares of the Australian company that it does not own. Following the acquisition, which will be implemented through an Australian scheme of arrangement, Mawson will rebrand as Southern Cross Gold Ltd (New Southern Cross).
GMIN’s TZ mine on the brink of gold production GMIN’s TZ mine on the brink of gold production
Published: 12 Jun 24
TSX-listed G Mining Ventures (GMIN) has announced progress in the commissioning of its Tocantinzinho (TZ) gold project, in Brazil. With the project engineered to produce about 175 000 oz/y of gold over a 10.5-year mine life, the company says it is on schedule and within budget to begin commercial production in the second half of 2024.
Telkom expects improved FY24 results
Published: 12 Jun 24
JSE-listed Telkom on Wednesday said it expects a triple-digit increase in its basic earnings per share (BEPS) and headline earnings per share (HEPS) for the year ended March 31, 2024. This is attributed to a stronger operational performance driven by continued demand for next-generation technologies, the revenues of which increased 7% to comprise almost 80% of total group revenue, along with cost-optimisation initiatives.
Resources Watch Resources Watch Has Video
Published: 12 Jun 24
This week: Richards Bay Minerals signs agreement for additional 140 MW of renewable energy; Platinum group metal poised to help protect world from growing water pollution threat and, Diamond transparency from mine to finger is on way from Petra
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