Established 1835
RESOURCE STOCKS
✕
PRECIOUS METALS

Ramelius to buy Spectrum and Penny West

Successful Australian gold miner Ramelius Resources is acquiring the high-grade Penny West gold deposit via a A$228 million (US$153 million) mainly scrip takeover of Spectrum Metals.

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...

Start a free trial to continue reading this article

Already have an account?

Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

FROM OUR PARTNERS

View more
PARTNER CONTENT

WSP: A New 'Can-do' Attitude to Tailings Management

PARTNER CONTENT

A Breakthrough in Dewatered Tailings Solutions

MOST POPULAR
1
MJ COMMENT

What the market is getting wrong about nickel

2
MJ COMMENT

What to expect from LME Week

3
LATIN AMERICA

Filo shareholders say 'yes' to BHP-Lundin deal

4
MINERS

FT Mining Summit: BHP-Anglo merger looking less likely

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

Content
about
SOLUTIONS
legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.

Login