No Picture
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 […]

No Picture
2016

Hera could expand mine production

Aurelia Metals has welcomed the approval of plans to potentially increase production at the Hera Mine, near Nymagee. However the company is yet to commit to the proposed expansion saying a decision is yet to be made, but that the modification to its approval was sought “in anticipation of a […]

No Picture
Local News

Aurelia hits back at Glencore actions

Aurelia Metals has secured a Supreme Court injunction after attempts by Glencore to send the company into administration. Aurelia, which operates the Hera Mine near Nymagee, had an existing funding arrangement in place with Glencore which included regular loan repayments along with the option to convert debt repayments to shares. […]

No Picture
Local News

Hera project hits processing hurdle

Aurelia Metals will re-evaluate its funding options after processing plant issues at the Hera Mine saw it fail to reach full potential since declaring commercial production earlier this year. Aurelia’s managing director Rimas Kairaitis said the mine has continued to show improvements but is still not at expected performance levels. […]