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Aurelia raises the funds for Peak mine purchase

Aurelia Metals Limited has received an “overwhelmingly positive response” to its capital raising activities to fund the purchase of Peak Gold Mines. The company, which owns Nymagee’s Hera Mine, announced the acquisition of New Gold’s Peak Gold Mines in November last year. Since then Aurelia’s institutional and major shareholder placements […]

Local News

Cobar’s air service grounded again

Mine workers and medical staff are expected to be the most affected by an announcement last week that Cobar’s passenger air service is set to cease at the end of the month. Jessica Makarewitsch from the Regional Express (Rex) Corporate Communications Team confirmed on Thursday that Air Link, a wholly-owned subsidiary […]

Local News

Aurelia to buy Peak for $58M

Aurelia Metals Limited has announced it has entered into a binding agreement to purchase Cobar’s Peak Gold Mines. The company, which already owns and operates the Hera Mine near Nymagee, will acquire a 100 per cent interest in the Peak operation as part of a USD $58million transaction. Peak employees […]

Local News

Peak clarifies dewatering process after resident concerns

Local resident John Stingemore has raised concerns that Peak Gold Mines (PGM) has been discharging mine water from their workings onto neighbouring Crown Land. PGM’s environment and social responsibility officer Sophie Bereyne has responded to assure Cobar residents the mine’s Spain’s Tank Dewatering Operation was operating within approved Development Consent […]

Front Page

New Gold looks to sell Peak

Peak Gold Mines is officially “on the market” after parent company New Gold announced last Thursday the mine was for sale. Staff were asked to attend a whole site meeting last Thursday morning where they were informed of the news, and New Gold included the news of the proposed sale […]

Local News

Old mine workings could pose a danger to trespassers

Peak Gold Mines staff report they have recently seen an increase in individuals trespassing at the Great Cobar Mine. “This area has been fenced off to ensure the safety of the community and should not be used as a recreational area,” Peak’s environment and social responsibility supervisor Sophie Bereyne said. […]