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Ramelius to buy Spectrum and Penny West

High-grade Penny West gold deposit to be processed at Mt Magnet

Michael Quinn
The gold beneath the historical Penny West pit in Western Australia is very attractive to Spectrum Metals suitor Ramelius Resources

The gold beneath the historical Penny West pit in Western Australia is very attractive to Spectrum Metals suitor Ramelius Resources

The Spectrum board-agreed deal includes a A$26 million cash component and at a notional 15c per share, represents a 52% premium to Spectrum's last closing price and a 70% premium to the 30-day volume-weighted-average-share...

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