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4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Gascoyne Resources Ltd    GCY   AU000000GCY6

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Gascoyne Resources : Acquires Remaining 20% Stake in Dalgaranga Gold Project

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01/16/2017 | 01:29pm CEST
Deal Type: Asset Transaction
Deal Status: Completed
Deal Value: 44.5623 Million USD

Deal in Brief

Gascoyne Resources Limited, an Australia-based gold exploration and development company, has acquired the remaining 20% stake in Dalgaranga gold project located in Western Australia, Australia from a joint venture partner. The Dalgaranga gold project contains a measured, indicated and inferred resource of 25.7 metric tonnes (Mt) @ 1.4 grams per tonne (g/t) gold for 1.12 million ounces of contained gold including Proved and Probable Ore Reserve of 552,000 ounces of gold. Under the terms of the consideration, Gascoyne will pay AUD4.5 million (USD3.28 million) in cash, issue 11 million shares of its common stock and a deferred payment of AUD1.5 million (USD1.09 million) after 30,000 ounces of gold have been produced from the project. Pursuant to the transaction, Gascoyne holds 100% stake in Dalgaranga gold project.

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Latest news on GASCOYNE RESOURCES LTD
10/05 GASCOYNE RESOURCES : Notification of 2017 Annual General Meeting
10/04 GASCOYNE RESOURCES : Notification of date of AGM
09/28 GASCOYNE RESOURCES : Appendix 4G - Corporate Governance Statement, 68 KB
09/28 GASCOYNE RESOURCES : Full Year Statutory Accounts , 2.5 MB
09/20 GASCOYNE RESOURCES : Financiers mandated for the dalgaranga gold project
09/18 GASCOYNE RESOURCES : Financiers Mandated For The Dalgaranga Gold Project, 1.1 MB
09/08 GASCOYNE RESOURCES : Dalgaranga gold project, construction update
09/07 GASCOYNE RESOURCES : Sydney Mining Club Presentation , 1.2 MB
09/07 GASCOYNE RESOURCES : Dalgaranga Gold Project Construction Update, 2.2 MB
08/09 GASCOYNE RESOURCES : Dalgaranga gold project development update
More news
Financials ( AUD)
Sales 2018 199 M
EBIT 2018 55,7 M
Net income 2018 50,4 M
Debt 2018 4,00 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 -
Capi. / Sales 2018 0,97x
Capi. / Sales 2019 -
Capitalization 189 M
Chart GASCOYNE RESOURCES LTD
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Gascoyne Resources Ltd Technical Analysis Chart | GCY | AU000000GCY6 | 4-Traders
Technical analysis trends GASCOYNE RESOURCES LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 0,90  AUD
Spread / Average Target 80%
Managers
NameTitle
Michael Dunbar Managing Director & Director
Rodney Michael Joyce Non-Executive Chairman
David J. Lim Chief Financial Officer & Joint Secretary
Graham Douglas Riley Non-Executive Director
Gordon John Dunbar Non-Executive Director
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