GBZ.ASX
GBM Resources launches $13m raising and overhauls board in strategic exploration push
Queensland-based GBM Resources (ASX: GBZ) is set to ramp up its exploration activities with a $13 million capital raising. The company has received firm commitments to bring in new funds via a two-tranche placement at $0.006 per share. At the same time, GBM has announced a substantial board restructure to help put its future strategy […]
Weekly wrap: shares take a breather as Wall Street finds caution
Australia’s share market took a breather on Friday as Wall Street turned cautious about whether the Federal Reserve will continue to cut interest rates this month. By the close of trade the ASX 200 had dropped 0.6% or 54 points to 8420.9 points with only one of the 11 sectors closing up. The fall meant […]
GBM Resources increases White Dam gold output as sale process continues
GBM Resources (ASX: GBZ) continues to ramp up production at the White Dam gold project in South Australia as it waits for the completion of the mine’s sale. Still under GBM’s control, production at White Dam has been boosted by the introduction of new heap leach material into the circuit. The company has sold approximately […]