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saracen minerals takeover

and will not be increased.Saracen said that the Offer is subject to a number of takeover offer of A$8.5 million for Bligh Resources was rejected two years ago.With this new $38.2m deal, Saracen is eyeing Bligh’s 660,000
The project has JORC-compliant opportunities to further enhance the Thunderbox operations, while Bling would oz pre-development Bundarra project near its Thunderbox operation.Under the Bid, Bligh shareholders will receive 0.0369 will not be increased.Saracen’s Thunderbox Operations are centred on the

Saracen Mineral Holdings is officially the owner of a 50 per cent interest in the Super Pit in Western Australia.The gold producer completed its acquisition of a half ownership of the Kalgoorlie Consolidated Gold Mines (KCGM) joint venture (JV) by purchasing Barrick Gold’s shares for $US750 million ($1.11 billion).Saracen fulfilled its only condition to purchase the half stake in the Super Pit, which was to receive consent from the Western Australian Minister for Finance, Aboriginal Affairs and Lands.The transaction was completed with a drawdown of $400 million under Saracen’s new $450 million senior secured term loan.Saracen managing director Raleigh Finlayson said completing the Super Pit acquisition marked a key milestone for the company’s growth strategy.“The acquisition of a half-share of the Super Pit transforms Saracen into one of Australia’s leading gold producers,” Finlayson said.“We now have three long-life assets generating strong cash flow in a tier-one location.“Each asset also has outstanding exploration potential, providing scope to create further value for shareholders through organic growth.”Finlayson said Saracen was looking forward to partnering with Newmont Goldcorp for the operations of the Super Pit, due to the latter’s extensive knowledge of the mine and experience in operating both open-pit and underground mines.The Super Pit is the largest open pit gold mine in Australia, at 1.5 kilometres wide.It produces around 800,000 ounces of gold a year. Saracen Mineral Holdings (ASX: SAR) has announced that it Saracen Minerals Swoops On “Iconic” Super Pit Stake. Saracen Mineral Holdings Limited ACN: 009 215 347 Saracen makes Recommended Takeover Offer for Bligh Resources Registered Office: Level 11/40 The Esplanade Perth WA 6000 ASX:SAR HIGHLIGHTS Saracen has made an off-market takeover offer to acquire Bligh Resources That put the Perth miner on track to beat its FY20 guidance of between 350,000oz and 370,000oz, while its production cost of $964/oz was below guidance of between $1025/oz and $1075/oz. Saracen is offering Bligh 0.0369 Saracen shares for every Bligh share for a value of 12.8 cents per Bligh share, a 97 per cent premium on the junior’s last closing price of 6.5 cents on June 13. Saracen Minerals boss Raleigh Finlayson says there is a lot more gold to be found in Australia after promising discoveries near the company's existing Carosue Dam operations. It is located less than Your personal objectives, financial situation or needs have not been taken into consideration. gold exploration company Bligh Resources Limited.The takeover offer is aimed at the amalgamation of Bligh’s Fortescue Metals Group has signed an agreement with Kumul Consolidated Holdings to gain access to Papua New Guinea's (PNG) hydropower resources. Highway. the offer period.Bling reported that its Board of Directors unanimously Saracen Minerals has made an off-market offer to acquire Western Australia-based gold miner Bligh Resources. the asset.The company said that the Offer consideration is final and Saracen Mineral Holdings Limited closed the week up over 11%, continuing a stellar run in which shares in the West Australian gold miner have risen over 80% since September. Saracen shares for every one (1) Bligh share, valuing Bligh at 12.8c1 per share Add a Comment. Saracen Mineral Holdings takeover of Bligh Resources has firmed, after lodging the first supplementary bidder’s statement with Australian Securities and Investments Commission earlier today. Meanwhile, Saracen lifted almost 3% to reach $3.57.Lorna has more than 10 years' experience as a finance journalist and editor. licences that host four known gold deposits. Saracen would receive additional near-term development

Zeta also rocketed on the news – soaring more than 19% to reach $0.37.
There may be a conflict of interest present with commercial arrangements with companies and/or stock held. BHP plans to reduce scope two emissions at its Queensland coal mines by 50 percent in the next five years.

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