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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 […]

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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 […]

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Bull ride returns

The Cobar Show has added a new event to its program this year with the New Gold Bull Ride to be held. Cobar Show Society secretary Heather Christie said the plans not only add to the show but help keep a major local event going. Ms Christie said when the […]