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RED 5 managing director Mark Williams has a point: the consolidation of gold mining in the Leonora region of Western Australia stretches back further than this year’s burst of activity (writes Barry FitzGerald on MiningNews).

Spartan has been rated a ‘Speculative Buy’ by two leading brokers on the back of its +720,000oz high-grade Never Never gold resource and potential for “exponential high-grade resource growth” (reports Stockhead).

Bellevue Gold managing director Darren Stralow says lithium may have stolen the limelight of late, but gold is making a comeback (reports MiningNews).

By Barry FitzGerald | Spartan and Astral among those attracting attention; Plus, Boss chief says uranium price has to rise much further to encourage new supply.

By Barry FitzGerald  Plus, Beament’s Develop tables more cracking hits from its Woodlawn zinc-copper asset ahead of a resource update and Meteoric gets pulses racing with latest rare earths results. 

By Tim Treadgold   Andrew Forrest returned to centre-stage this week with a starring performance that rescued the share price of his Fortescue mining group, but it wasn’t the only big event as annual results poured in and prices moved higher, with a few notable exceptions.

Red 5 has made almost $423 million in revenue during the first full year of production at the King of the Hills gold mine near Leonora (reports The West Australian).

With first production set for later this year, Bellevue is increasingly seen as a target for bigger WA producers while Goyder and Giorgetta have been soaking up OreCorp; Plus, Patriot set for maiden lithium resource.

By Barry FitzGerald

Study reveals huge leverage for $30m junior, with 20% jump in copper price boosting NPV to $1b. Plus, gold equities lagging bullion price and will BHP or IGO join the battle for Mincor?

Stavely Minerals (ASX: SVY) is moving forward with a significant new phase of exploration activity at its wholly-owned Stavely copper-gold project in western Victoria following an extensive review of regional and near-resource discovery opportunities last year (reports Small Caps).

Garimpeiro sent out the wrong message last year when he suggested it was a smart idea to pick up gold developers on the cheap to cash in on the market re-rating that would occur on first production being achieved (reports Barry FitzGerald on Stockhead).

Gold came to the rescue of the stock market this week as a tax scare was added to the deadweight of rising interest rates hanging around the neck of investor confidence.

With its newly commercial King of the Hills operation in Western Australia humming along, gold miner Red 5 is studying an expansion plan (reports MiningNews).

Sunstone’s drilling has uncovered a porphyry gold-copper system at the Limon target that has the potential to substantially upgrade the scale of its Bramaderos project in southern Ecuador (reports Stockhead).

Shares in gold producer Calidus Resources rose this morning after the company reported a high-grade discovery at its Blue Spec project (reports MiningNews).

Gold will remain a mainstay for mining firms and investors until at least 2026 and counter expectations that the yellow metal is losing its appeal as an investment class, according to Bank of America (reports MiningNews).

Single-project gold companies are losing the support of investors, according to a Victorian-based company partly owned by Gina Rinehart that has stitched up a deal over one of WA’s richest gold belts (reports The West Australian).

Bank of America sees the gold price heading to more than US$2000 an ounce in the coming months on the back of developments in US interest rates and foreign exchange markets (reports Mining News).

Calidus Resources Managing Director Mr Dave Reeves provided an update on progress at its Warrawoona Gold Project and the nearby Blue Spec Project.

In a recent interview with Stockhead’s Oriel Morrison, stock speculator and massive gold bull Rick Rule said this: “There are so many factors weighing on things that I have no idea of the direction of the market in the near term (reports Stockhead).