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Murray Ward

October 23, 2026 — 5:00pm

Argonaut secured roles in $225m of gold raisings as Wiluna shares plunged 22.3%. Brokers pocketed hefty fees and options, while eight of ten Cap Raise Crucible stocks traded below issue price.

The capital-raising circus has rolled through another busy fortnight, with gold companies chasing serious money, brokers collecting plum mandates and two small IPOs producing extraordinary rewards for the corporate hounds who got them away.

At the top of the broking tree, Argonaut Securities continued its particularly productive run.

The Perth broker joined Barrenjoey Markets on Wiluna Mining’s monster $180 million float before teaming up with Canaccord Genuity on Ballard Mining’s $45 million placement, leaving its fingerprints on $225 million of gold-sector fundraising.…