Ramelius Resources is trading at A$3.64, up 8.66%, after reports that it engaged Barrenjoey to pursue Northern Star’s Carosue Dam mine.
- The reported deal value is about A$800 million, though no acquisition is confirmed.
- Gold’s broad rise after the U.S. midterm results may also be supportive.
- Ramelius began the Eridanus stage 3 cutback on November 4, extending future ore supply for Mt Magnet; available coverage does not establish it as the direct trigger.