News

Not content with a 35-fold increase in the value of its shares, Saracen Mineral Holdings has announced plans to start paying dividends (reports The Australian Financial Review).

Not content with a 35-fold increase in the value of its shares, Saracen Mineral Holdings has announced plans to start paying dividends (reports The Australian Financial Review). The new dividend policy was announced on Monday as Saracen reported a 22 per cent rise in profits to $92.5 million. The result was slightly lower than the $101 million analyst consensus published by Bloomberg, but marks the sixth consecutive year that Saracen has grown its earnings.

read more

Gold aficionado, central bank critic and best-selling author Jim Rickards reckons Federal Reserve chairman Jerome Powell faces an "impossible situation", arguing gold may rise to $US10,000 an ounce over the next five years amid strains in the financial system and as US rivals accumulate the precious metal (reports The Australian Financial Review).

read more

Global financial wobbles reinforced the case for gold this week

Global financial wobbles reinforced the case for gold this week but the uncertainty factor caused by the US sharemarket shake-out put a dampener on most sectors of the market and only a handful of gold miners managed to post gains while just about everything else fell. Surprise star of the week was Dacian Gold, a stock that some investors had written off weeks ago after operational problems at its Mt Morgans mine. It added 14c to $1.26, taking its gain since early June to 87c and putting it within sight of its pre-sell off price of $1.59.

read more
16th August 2019

Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year

Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year (reports MiningNews). The operation, near Laverton in Western Australia, produced 16,188 ounces of gold in July. The month's production puts Mt Morgans at an annualised run-rate of 194,256 ounces of gold, well above its guidance of 150,000-170,000oz.

read more

Calidus Resources has raised A$9 million to complete the feasibility study for its Warrawoona gold project in Western Australia’s Pilbara region

Calidus Resources has raised A$9 million to complete the feasibility study for its Warrawoona gold project in Western Australia’s Pilbara region, with undisclosed institutions involved in the funding and miner Alkane Resources maintaining its circa 13% stake by putting in $1.2 million (reports MiningNews). The new shares have been priced at 3.2c each, with the stock recently reaching a recent 52-week high of 4c after having been about half that price earlier this year.

read more

WA gold company Bardoc Gold (ASX: BDC) has risen by 48% in the past month and is up 138% since its low in April as the market develops a “better understanding” of the resource potential of its key project

WA gold company Bardoc Gold (ASX: BDC) has risen by 48% in the past month and is up 138% since its low in April as the market develops a “better understanding” of the resource potential of its key project, according to veteran Sydney-based analyst Gavin Wendt. “The catalyst has been the release of a series of outstanding assay results from the recently expanded +40,000m exploration drilling program at its 100%-owned 2.6Moz Bardoc Gold Project, situated 55km north of Kalgoorlie,” Wendt wrote in his widely circulated Minelife newsletter this week.

read more

Plus, run-away gold price should fuel the urge to merge in junior land

After some PC issues were sorted out, Kalgoorlie’s Palace pub got back to its bustling self in the final days of the Diggers & Dealers bash. And as yesterday became today for the eclectic mix of well-watered miners and money-types, the rumour mill went in to over drive. Sorting out the factual from the nonsense, and then trying to remember which was which as the sun dawned  on another day under Kalgoorlie’s big blue sky, required some effort.

read more

Gold dominated financial markets and news flow this week as the world stumbled towards a significant economic slowdown

Gold dominated financial markets and news flow this week as the world stumbled towards a significant economic slowdown, but in the background were early signs of another metal on the move. Nickel, which has been edging towards a price break-out for much of the year rallied strongly early yesterday, moving above $US7 a pound, and briefly trading at $US7.50/lb, its highest in more than four years, before settling around $US7.06/lb. In early July, nickel was selling for $US5.30/lb which means that at its high point yesterday the metal had risen by more than 40% in two months.

read more

Upcoming Events

View All

4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference was held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

© 2019 Resources Rising Stars All Rights Reserved