Kerry Stokes-backed Saracen Mineral Holdings has flagged bringing forward its seven-year plan to achieve annual gold production of 400,000 ounces, after upgrading guidance for the 2019 financial year (reports The Australian Financial Review).
The economic expansion that began in mid-2009 and already ranks as the second-longest in American history most likely will end in 2020 as the Federal Reserve raises interest rates to cool off an overheating economy, according to forecasters surveyed by The Wall Street Journal.
Some 59% of private-sector economists surveyed in recent days said the expansion was most likely to end in 2020. An additional 22% selected 2021, and smaller camps predicted the next recession would arrive next year, in 2022 or at some unspecified later date.
The European Union is pressing China to open its economy to outsiders and help revamp an international trade system now under fire by the Trump administration (reports The Wall Street Journal).
The push follows an EU campaign to form free-trade agreements with other allies and counter the effects of rising protectionism. On Tuesday, the EU signed a deal with Japan, the bloc’s biggest-ever trade pact, and last month began free-trade talks with New Zealand and Australia.
Rohan Williams has signalled his intention for Dacian Gold to rapidly join the ranks of Australia’s mid-tier gold miners just three months after celebrating first production from its newly minted Mt Morgans project near Laverton (reports The West Australian).
Dacian Gold has cleared its first significant hurdle, delivering on its maiden quarterly production guidance at a time fraught for new entrants and effectively de-risking full-year output (reports The West Australian).
The planned merger of Spitfire Materials (ASX: SPI) and Excelsior Gold (ASX: EXG) will create a company with an extensive resource base capable of underpinning a 100,000 ounce-a-year operation, a new research report says.