Gold stormed back to the top of the Australian investors’ hit parade this week as the rolling chaos caused by the US President, Donald Trump, infected bond markets with a shock fall in interest rates – driving investors to an overlooked safe haven.
A combination of the improving outlook for the gold price and the recent sell-off in Dacian Gold shares presented a compelling opportunity for investors, Blue Ocean Equities senior analyst Steuart McIntyre says.
Emerging gold company EganStreet Resources (ASX: EGA) has delivered a 13% increase in its high-grade Resource base from 401,000oz to 454,000oz, demonstrating the high-grade nature of its flagship Rothsay gold project in WA and its potential to deliver a low-cost, high-margin operation, says Sydney analyst Gavin Wendt.
A meeting with EganStreet Managing Director Marc Ducler has provided him with confidence that the company is “well on track” to successfully bring the Rothsay project into production, says Wendt.
Having talked tough at the banking royal commission, the corporate regulator may not look much further than Anton Billis if it is looking to exercise its new-found muscle (writes columnist Sean Smith in The West Australian).
Saracen Minerals boss Raleigh Finlayson is more convinced than ever that there is a lot more gold to be found in Australia after promising discoveries on the doorstep of the company's existing Carosue Dam operations (reports The Australian Financial Review).
Brazilian resource group Centaurus Metals (ASX: CTM) has struck a joint venture with one of the world’s leading nickel-cobalt mineral development groups which “completely de-risks” the exploration and evaluation phases of its Itapitanga discovery in Brazil, according to prominent Sydney resource analyst Gavin Wendt.
Writing in his Minelife newsletter, Wendt says the deal, with Simulus Group, also underlines the quality of the Itapitanga asset.