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Westgold-Karora merger creates top five Australian gold miner

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Merger makes the combined group a mid-tier gold miner producing around 400,000 ounces of gold a year in Western Australia. . agreed to buy an 80% stake in the Northparkes copper-gold mine in New South Wales from Chinese miner CMOC Group. That followed the high profile Pambili produces first gold from Zimbabwe mine

The project has been underexplored in the modern era and has the potential to host a bulk mineable gold deposit, the company says.The last significant strike at Escondida, in 2017, lasted 44 days, hurt BHP's production and drove global copper prices up.

 

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