PERTH (miningweekly.com) – The shares of gold miners Doray Minerals and Mutiny Gold went into a trading halt on Tuesday, pending announcements of a potential corporate combination.
Doray’s trading halt would lift on Friday, while Mutiny was expected to resume trading on Thursday.
Mutiny was currently working to advance its Deflector gold/copper/silver project, in Western Australia, after recently signing a memorandum of understanding for the engineering, procurement and construction of a new processing facility.
A new mine plan for the Deflector project would see the project produce at some 380 000 t/y, to deliver 63 000 oz of gold, 2 662 t of copper and 60 000 oz of silver.
A capital cost of A$67.6-million has been attached to the development of the Deflector project.
Doray, meanwhile, was actively producing from its Andy Well mine, in Western Australia, with the mine delivering 18 767 oz during the quarter ended September.