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Ramelius Resources and Spartan Resources Announce Transformational $4.2 Billion Merger Amidst Record Gold Prices - Kalkine
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Highlights
Strategic Merger: Ramelius Resources to acquire Spartan Resources, forming a leading mid-tier Australian gold producer valued at AU$4.2 billion.
Enhanced Resource Base: Combined mineral resources totaling 12.1 million ounces and ore reserves of 2.6 million ounces across Western Australia.
Operational Synergies: Anticipated production exceeding 500,000 ounces annually by fiscal year 2030, leveraging shared processing capacities and exploration expertise.
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