M&A

Rejuvenated Aurelia buys Peak

A REMARKABLE turnaround in the affairs of Aurelia Metals is in train with the once moribund-looking miner set to buy the Peak Gold Mines operation near Cobar for US$58 million from North American miner New Gold.

Michael Quinn
Rejuvenated Aurelia buys Peak

The deal will see Aurelia become a 100,000-125,000 ounce per annum gold miner, or around 200,000ozpa on a gold equivalent basis given base metal output – at all-in sustaining costs of about A$1000/oz....

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