Australian gold producer Ramelius Resources will acquire its smaller rival Spartan Resources in a deal valuing the latter at approximately A$2.4bn ($1.5bn). The acquisition, proposed under a ...

Deal to create A$4.2 billion gold producer Ramelius shares fall at open Spartan stock gains over 9% Under the terms of the agreement, Ramelius, which already owns a 19.9% stake in Spartan ...

Gift 5 articles to anyone you choose each month when you subscribe. Gold’s record-breaking march has prompted another merger of Australian miners, with Spartan Resources and Ramelius Resources ...

(Bloomberg) -- Ramelius Resources Ltd. will buy gold developer Spartan Resources Ltd. in a transaction valuing the smaller Australian producer at A$2.4 billion ($1.5 billion), as miners seek more ...

Under the terms of the agreement, Ramelius, which already owns a 19.9% stake in Spartan, will acquire the remaining shares which would result in a A$4.2 billion gold-producing entity, the companies ...