https://www.engineeringnews.co.za

Apex calls in help to sell Wiluna

27th May 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Apex Minerals has called in the help of independent corporate adviser PCF Capital Group to help sell off its Wiluna gold mine, in Western Australia.

Earlier this month, Apex terminated a memorandum of understanding with Ever Prosperity Investments for the sale of the Wiluna project. The company had agreed to a 60-day extension of the due diligence period, but Ever Prosperity had failed to pay the $250 000 fee by the agreed-upon deadline.

The sales price between Apex and Ever Prosperity had been set at A$50-million.

Apex noted that the Wiluna mine had recently begun improving on its operating performance, with production increasing to 4 000 oz a month, with total mine site cash costs decreasing to A$4.5-million a month, proving that the mine was a viable operation even at the current gold prices.

Apex said that with this in mind, the company would proceed with the sales process, measuring any opportunities against the improved performance of the mine.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.053 0.088s - 140pq - 2rq
Subscribe Now