Karora’s portfolio, located 60 kilometres from Kalgoorlie, includes 100 per cent ownership of the Beta Hunt mine, Higginsville gold operations and the Spargos gold mine. Ramelius boss Mark Zeptner will spend between $700 million and $1 billion for the acquisition. It is expected to produce 170,000 to 195,000 ounces of gold in 2024. By contrast, Ramelius has told shareholders it would hit 272,500 ounces this financial year. |