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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 […]

Union calls for a halt to Peak’s contractor plan
The Australian Workers Union (AWU) has called on Aurelia Metals, the owner of Peak Gold Mines, to put the transfer of the mining workforce to contractor Pybar Mining Services on hold while a number of urgent issues are resolved. AWU NSW Branch vice president Ron Cowdrey said on Monday the […]

Peak flags a tough year ahead at community meeting
In July 2015 Peak Gold Mines’ general manager Greg Bowkett announced that Peak “would go ahead in leaps and bounds” over the next few years. Almost one year later and after a fall in ore prices and an increase in production costs, Mr Bowkett has had to revise his forecast. […]