News

Continued consolidation of the gold sector could be a theme for the rest of 2020...

Continued consolidation of the gold sector could be a theme for the rest of 2020, according to the investment arm of Bank of America, which believes there is a wave of mid-tier mergers on the way thanks largely what’s happened at the top end of gold. The bank’s argument revolves around last year’s big North American deals which saw Newmont merge with Goldcorp and Barrick acquire Randgold a double-barrelled process which has also seen a large number of non-core assets sold, including the Kalgoorlie Superpit.

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It’s not quite Groundhog Day for shareholders in Orion Minerals (ASX:ORN), but as the mining world’s A-list gathers in Cape Town next month for the annual Mining Indaba conference

It’s not quite Groundhog Day for shareholders in Orion Minerals (ASX:ORN), but as the mining world’s A-list gathers in Cape Town next month for the annual Mining Indaba conference, investors will be hoping for meaningful news about Orion’s flagship, the Prieska copper project (reports Tim Treadgold on Stockhead).

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Plus, Legend’s latest assays fuel hopes of a new nickel-copper find in the Fraser Range and Sprott eyes a golden girl in Kalamazoo

The cooling US-China trade war is a positive for metals and bulk commodities, none more so than for zircon. The trade war was seen as a key factor in the price weakness for the key mineral sand in the back half of 2019. Tied as it is to building and housing activity along with some other sectors, zircon, like copper, is something of a bellwether of global economic activity.

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Welcome back to Prospector’s Diary after a Christmas break that saw a number of significant developments...

Welcome back to Prospector’s Diary after a Christmas break that saw a number of significant developments, and while a trade-war truce might seem to be most important, there are other contenders, including a fall in the value of the US dollar and the overdue return of inflation. Taken collectively, it’s hard to not see 2020 being a good year for resources with a glimpse of what’s to come to be found in a stronger-than-expected price for iron ore, a rising copper price, heavy-duty support for gold and a record high for leading indices which track the Australian stock market.

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Analysts at Morgan Stanley have named Whitehaven Coal, Sandfire Resources and Mineral Resources as their top three mining picks

Analysts at Morgan Stanley have named Whitehaven Coal, Sandfire Resources and Mineral Resources as their top three mining picks (reports The Australian Financial Review). "Whitehaven coal is generating strong free cash flow on both our base case and spot commodity price scenarios," the broker wrote. It has an overweight rating on the coal miner and reckons it has some 43 per cent upside based on a $3.65 valuation.

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Based on work-to-date, Perth-headquartered capital markets firm Hartleys has estimated a potential initial resource for Stavely Minerals’ Thursday Gossan discovery in Victoria

Based on work-to-date, Perth-headquartered capital markets firm Hartleys has estimated a potential initial resource for Stavely Minerals’ Thursday Gossan discovery in Victoria, a prospect it believes has hallmarks of being world-class (reports MiningNews). Hartleys believes early stage copper mining inventory of plus-12-15 million tonnes at a "good grade" of 2.5-3% copper equivalent is possible, "however the true ‘size of the prize' may take some time to crystallise".

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More evidence that Rio is on to something special puts spotlight back on Winu nearology juniors Antipa and Sipa. Plus, Euroz barracks hard for Legend’s WA nickel-copper discovery

Rio Tinto hasn’t been messing around at its remote Winu copper-gold discovery in Western Australia’s Paterson province. Its latest exploration licence expenditure report, filed under the WA Mining Act, shows Rio spent a massive $79.6 million on the project in the 12 months to October 12, not including the cost of a gravel airstrip.

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Chalice Gold Mines says it has the balance sheet to think big on the discovery front (reports MiningNews).

Chalice Gold Mines says it has the balance sheet to think big on the discovery front (reports MiningNews). The company has A$30 million in working capital and investments due to savvy project sales, and has not raised capital since 2011. Chalice's flagship project is the Pyramid Hill project in Victoria, comprising 5190sq.km in the Bendigo region, where 60 million ounces of high-grade gold has been discovered.

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26th - 27th May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held on the 26th & 27th May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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