CAPITAL MARKETS

Gascoyne's major shareholder says 'nein' to proposed Westgold bid

GASCOYNE Resources' 22% shareholder Deutsche Balaton AG has reportedly stated its intention to not accept Westgold Resources' current proposed scrip offer for the company, with Gascoyne's board recommending other shareholders follow suit.

 Dalgaranga, WA

Dalgaranga, WA

The Westgold rejection comes as Gascoyne's production results for the September quarter featured about 17,000 ounces at all-in sustaining costs of A$1976 per ounce, and revised guidance for the current...

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