Related Articles
Cobar tops the district’s rainfall after heavy falls
Cobar has recorded the best rainfall in the district with 42mm officially recorded for the week by the Cobar Meteorological Office. A late afternoon storm on Friday brought 100km/h wind gusts before heavy rain. Further heavy rain in the early hours of Saturday morning saw 38.6mm in the gauge, with […]
Massive cost reductions key to Peak’s long term future
Approximately 40 staff lost their jobs at Peak Gold Mines last week as part of the mine’s new owner Aurelia Metals Ltd’s plan to cut costs to extend the life of the mine. Aurelia’s managing director and CEO Jim Simpson told The Cobar Weekly that while redundancies are never good, […]
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 […]