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Ramelius adds horsepower with Penny West deal

Western Australia gold miner Ramelius Resources’ pursuit of the leading pack in a rejuvenated Australian gold space is going to get a turbocharge boost from Penny West, via the company’s A$230 million acquisition of Spectrum Metals, with CEO Mark Zeptner not likely to waste any time getting high-grade ore from a new mine 160km up the road to its Mount Magnet mill.

Richard Roberts
A roadtrain leaves the Vivien gold mine, near Leinster in Western Australia, for the 300km journey west to Mount Magnet.

A roadtrain leaves the Vivien gold mine, near Leinster in Western Australia, for the 300km journey west to Mount Magnet.

Acquisitions and Ramelius' exploration success within range of its two big processing plants in WA's Murchison and Southern Cross gold districts have the company on a path to 250,000ozpa production, with...

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