AUSTRALIA STORIES

Westgold to cut costs with ACM deal

ASX-listed Westgold Resources is to become an owner-operator after deciding to acquire contractor Australian Contract Mining for nearly A$30 million (US$22.65 million) in a mainly scrip transaction.

Mid-size Australian gold miner Westgold has swallowed up contractor ACM in a A$30 million transaction

Mid-size Australian gold miner Westgold has swallowed up contractor ACM in a A$30 million transaction

Westgold will pay A$2.5 million cash and issue 14 million shares to the owners of ACM, with the mining contractor’s “founder and driving force” Brian Rodan to join the executive management of the ASX-listed...

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