Articles On Ramelius Resources (ASX:RMS)

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

In a recent chat with Stockhead’s Oriel Morrison, famous resources investor Rick Rule said Australian stocks were ripe targets for mounting merger and acquisition activity, especially in the gold space. Most have enjoyed strong margins and...

Mining stocks have defied a bearish market, seemingly riding debt-ridden Chinese property giant Evergrande’s near death experience into a sea of bright green. The company appeared to have entered a default overnight before miraculously find...

The ASX 200 finished lower by 0.37% today, extending its loss for the week to over 1%. Local stocks fell following broad-based selloff on Wall Street overnight triggered by the US inflation data, which rose at a pace not seen since the earl...

Highlights Chalice Mining extended its rally for the second day and hit a fresh 52-week high. Gold Road Resources and Apollo Consolidated ended lower following an update on takeover deal. National Australia Bank rebounded nearly 5% to...

The Ramelius Resources Limited (ASX: RMS) share price has seen better days than today. Shares in the gold mining company finished 3.2% in the red on Wednesday. As a result, the company’s share price is now at a 22% discount to its 52-week...

Highlights The ASX 200 was trading 0.15% higher by mid-session on Wednesday. Six of 11 sectors traded in the red, while financial and utilities gained the most. Top gainers on the ASX were Chalice Mining, Kogan, and National Australia...

The S&P/ASX 200 Index (ASX: XJO) is having a decent, if not inspiring day of trading so far on the ASX this Wednesday. The ASX 200 is currently up by 0.08% to 7,428 points at the time of writing. But one ASX 200 sector that is not havi...

Highlights The ASX 200 traded a mere 0.1 point up to 7,434.3 in early trade. US stocks also slid on Tuesday, bringing a multi-day streak of new record-high closing to an end. Chalice Mining again became the top gainer for the second d...

This one has legs. Boom explorer Chalice Mining (ASX:CHN) is off and running after announcing the largest platinum group elements discovery ever in Australia yesterday. Its Gonneville deposit also came in as the largest nickel sulphide dis...

Ramelius Resources has tightened its grip on takeover target Apollo Consolidated after erstwhile rival bidder Gold Road Resources folded its shares into the mid-tier miner’s offer.

Highlights The ASX 200 extended loss for the second day and ended 0.24% lower on Tuesday. Seven of the eleven sectors closed lower, led by energy and financials. CSR, Inghams, Suncorp Group, Boral, and Bendigo and Adelaide Bank were a...

While Wall Street has been on a tear, local large caps have struggled for traction to start the week. The ASX 200 traded flat today to finish 0.1%, as gains in resources were offset by falls in banking and energy stocks. The big end of town...

The S&P/ASX 200 Index (ASX: XJO) is having a rather volatile day of trading so far this Tuesday. At the time of writing, the ASX 200 is still down 0.1% at 7,445 points after swinging positive and negative at various points today. But r...

Westar Resources (WSR) has entered a trading halt as it prepares to raise fresh capital In a recent investor presentation, the gold and base metals explorer revealed some exploration and drilling plans for its projects in WA WSR finished t...

Highlights Gold Road has withdrawn its bid to acquire gold explorer, Apollo Consolidated Limited. Ramelius Resources has revised its bid to AU$0.34 cash per share and 0.1778 shares of RRL for each share of Apollo. Gold Resources is ho...

Gold Road Resources (GOR) won’t be adjusting its offer price for Apollo Consolidated (AOP) following an improved offer from Ramelius Resources (RMS) Originally GOR put forward a bid to take over all the shares in Apollo for 56 cents each w...

Apollo Consolidated (ASX:AOP) shareholders hoping for a takeover battle between suitors Gold Road Resources (ASX:GOR) and Ramelius Resources (ASX:RMS) are set to be disappointed. The game of oneupmanship lasted just a couple rounds as Gold...

Gold Road Resources says it won’t lift its 56c-a-share offer for Apollo Consolidated despite the target’s board recommending in favour of a rival bid from Ramelius Resources.

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

The Gold Industry Group is calling for final registrations for its annual Great Diversity Debate on November 12, exploring the topic of working from home. In conjunction with Women in Mining and Resources WA (WIMWA), the Gold Industry Group...

‘Drill hard’ has been the approach of busy WA gold explorer Yandal Resources (ASX:YRL) since it listed on the ASX about three years ago. With a backing of a very tightly held and supportive register, YRL is drilling 100,000m for 2021 in the...

Highlights Shares of Charter Hall Social Infrastructure REIT ended 1.6% lower. Seven West Media surged as much as 21% on deal with Prime Media Group. Westpac shares tumbled over 7% after its annual cash profit failed to meet estimate...

Ramelius Resources (RMS) is offering to buy up Apollo Consolidated (AOP) for an increased price of 62 cents per share The offer is higher than Gold Road Resources’ bid of 56 cents per share and gives Apollo an estimated value of $181 milli...

Highlights The ASX 200 opened higher and rose 0.6% by the mid-session on Monday. Nine of the 11 sectors traded in red, barring financial and materials. Orocobre, Janus Henderson, and Blackmores were among top gainers on the ASX. Gold...

Ramelius Resources has won the support of Apollo Consolidated’s board in its battle with Gold Road Resources for control of the gold explorer.

Two of the gold sector’s most absorbing takeover battles are hitting a crescendo today, with Westgold Resources’ (ASX:WGX) bid to upend Gascoyne Resources’ (ASX:GCY) merger with Firefly (ASX:FFR) hanging over a key court hearing and Rameliu...

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Westgold Resources (ASX:WGX) appears to have secured the support of Gascoyne Resources’ (ASX:GCY) biggest shareholder despite losing a last minute bid with the Takeovers Panel to delay a meeting key to its offer. Gascoyne, which plans to me...

ShareCafeResource Nuggets: GOR, MIN, PLS, OSH Plenty of news from the mining and resources sector on Tuesday, here are the details. ………… More cheese, sorry gold ore, at the Gruyere mine in WA of Gold Road Resources? The $1.2 billion miner G...

Highlights  The ASX 200 closed 0.3% higher at 7441 with the tech and industrials the only sectors in the red. Asian stocks and U.S. futures were steady. Bitcoin prices today surged while other digital tokens were mixed. The ASX 20...

Australian shares looked set to build on a five-week high following fresh records in the US and a seven-year peak in oil. ASX futures rallied 14 points or 0.19 per cent. The S&P/ASX 200 has risen for seven of the last eight sessions,...

Highlights The ASX 200 closed 0.3% higher at 7441 with the tech and industrials the only sectors in the red. Asian stocks and U.S. futures were steady. Bitcoin prices today surged while other digital tokens were mixed. The ASX 200...

Growing concerns of runaway inflation and a sooner-than-expected rate hiked spooked tech stocks globally. After the tech-heavy NASDAQ fell almost 1% on Friday, the ASX Tech sector was today’s worst performer on the local bourse, down by 0.7...

The share market looked ready to add to three weeks of gains at this morning’s open following a record close on the Dow and a rebound in mining stocks. Futures action suggested the S&P/ASX 200 would open 30 points or 0.4 per cent ahe...

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

Ramelius Resources (RMS) increases gold production from 61,840 ounces in the June quarter to 65,686 ounces of gold over the September quarter The gold came from the WA-based Mt Magnet and Edna May projects which produced 33,958 and 31,728...

The Apollo Consolidated Ltd (ASX: AOP) share price has rocketed into the green today, currently trading more than 10% higher at 58.5 cents apiece. That’s an all-time high for the West Australian gold and minerals explorer, which has been...

The Gold Road Resources Ltd (ASX: GOR) share price has struggled this week, coming off a previous high of $1.405 last week. However, Gold Road shares have moved into the green today, and are now changing hands at $1.34 each. That’s a 0.37...

Gold Road Resources has emerged with a strategic 19.9 per cent stake in Apollo Consolidated and trumped an agreed tie-up with Ramelius Resources.

Auric’s drilling has discovered a new zone of gold mineralisation at the promising Guest Prospect within its Widgiemooltha Project in Western Australia. Notable results from the new find in the southeastern part of the prospect include 2m a...

Highlights The ASX 200 traded 0.2% higher by the mid-session, led by tech stocks. Barring material, all sectoral indices were trading in the green zone. Blue-chip mining stocks BHP, Rio Tino and Fortescue traded lower. Uniti Group, Z...

Highlights  Senex Energy jumped nearly 16% on receiving a takeover bid. Aristocrat Leisure shares entered trading halt following an acquisition announcement. Ramelius Resources shares dipped 5.5% on acquisition news. GPT Group shares...

The ASX saw a frenzy of M&A deals today and it sent the market higher. Companies completing deals included Ramelius Resources (ASX:RMS) buying Apollo Consolidated (ASX:AOP) and Class (ASX:CL1) being acquired by Hub24 (ASX:HUB) along wit...

The Ramelius Resources Ltd [ASX:RMS] shares are down today after making a takeover offer to buy Apollo Consolidated Ltd [ASX:AOP]. Ramelius is an ASX-listed gold producer that owns and operates several assets in Western Australia including...

Highlights The ASX 200 was up 0.4% by lunchtime, boosted by mergers and acquisitions news. Seven of the 11 sectors traded in green, led by energy, financial and materials. Metal and mining companies, OZ Minerals, Orocobre and Nickel M...

What a time it is to be in base metals, with depleting stocks in metals warehouses and smelter shutdowns in energy starved Europe and China propelling prices to record levels. Is it a short-term phenomenon or a harbinger of what’s to come?...

Ramelius Resources (RMS) makes an offer to purchase WA gold and copper explorer Apollo Consolidated (AOP) The company is looking at purchasing all Apollo’s shares in a deal that will put Apollo’s enterprise value at $128 million Under the...

Highlights The benchmark ASX 200 index was up 23.3 points or 0.3% to 7,385.3. The Dow Jones marked its biggest weekly percentage gain on Friday since June 2021, rising 1.09% to 35,294.76. A heavy fall in gold prices led gold miners to...

There is no shortage of gold-loving analysts, fund managers, miners and investment bankers ready to tell you the gold mining sector is undervalued. While miners are reporting the same profits they were a year ago, the retreat of gold prices...