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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 CET
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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Financials ( AUD)
Sales 2017 -
EBIT 2017 -7,00 M
Net income 2017 -10,0 M
Finance 2017 4,00 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0
EV / Sales 2018 2,13x
Capitalization 166 M
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Consensus
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Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 1,00  AUD
Spread / Average Target 61%
Consensus details
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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