Shares in mid-tier gold miner Saracen Mineral Holdings (ASX: SAR) surged after chief executive Raleigh Finlayson labelled the company’s March quarter results as the best in its eight-year history, (reports Stuart McKinnon in The West Australian).
Perth broker Euroz Securities says Mineral Resources’ (ASX: MIN) scrip offer of 3c-a-share equivalent represents a good premium on the recent trading price of Atlas Iron (ASX: AGO), which has been sold off in line with the falling iron ore price and widening low-grade discount.
The directors of Venturex Resources (ASX: VXR) have collectively splashed out more than $140,000 to buy shares on market in the Pilbara copper-zinc developer, hot on the heels of new MD Ajanth (“AJ”) Saverimutto joining the company.
The economic outlook in Germany is deteriorating with alarming speed and any mistake by policy-makers could push the country into a full-blown slump, a leading economic institute has warned (reports Ambrose Evans-Pritchard in London’s Daily Telegraph).
“The danger of recession has increased markedly. It is a notably more critical picture than a month ago,” said the Macroeconomic Policy Institute (IMK) in Düsseldorf.
Veteran mining executive and Pilbara Minerals (ASX: PLS) founder Neil Biddle has continued to back his new gold play, Spitfire Materials (ASX: SPI) with some further on-market purchases earlier this month.
An update to the feasibility study on a planned stage 1 development of Nzuri Copper’s (ASX: NZC) Kalongwe copper-cobalt has produced a massive uplift in value and highlighted the benefits of operating in the world’s premier cobalt region (reports The West Australian).
Mineral sands miner Strandline Resources has been buoyed by recent conversations with the Tanzanian government regarding the development of its Fungoni project, reports Stockhead’s Resources Editor, Angela East.
The company (ASX: STA) is waiting to receive its mining licence.
Investors were equally as hopeful, driving shares up 26 per cent to 14.5c by 12pm AEST Wednesday.
Several regulatory moves by the Tanzanian government in the past couple of years has created uncertainty for ASX-listed miners active in the east African country.