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Ramelius Resources to Acquire Spartan Resources in Transformational Deal

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Ramelius Resources to Acquire Spartan Resources in Transformational Deal

Ramelius Resources Limited ( (AU:RMS) ) just unveiled an announcement.

Ramelius Resources Limited has announced a binding agreement to acquire all remaining shares of Spartan Resources Limited, aiming to create a leading Australian gold producer. This strategic move is expected to enhance Ramelius’ market position, with a combined mineral resource estimate of 12.1Moz Au and a vision to increase production to over 500koz by FY30. The transaction offers Spartan shareholders a premium on their shares and is supported by Spartan’s board, highlighting the potential for significant synergies and accelerated development of key projects.

More about Ramelius Resources Limited

Ramelius Resources Limited is an Australian gold producer focused on the exploration, development, and mining of gold resources. The company is known for its operational expertise and has a strong presence in the Australian gold mining sector.

YTD Price Performance: 14.81%

Average Trading Volume: 29,837

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $1.61B

See more data about RMS stock on TipRanks’ Stock Analysis page.

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