News

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.

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Emerging base metals company Orion Minerals (ASX: ORN) is a “rare investment opportunity” whose share price “may at least double” on a one-year view

Emerging base metals company Orion Minerals (ASX: ORN) is a “rare investment opportunity” whose share price “may at least double” on a one-year view, according to a new research report issued by top South African broker Vunani Securities. In a comprehensive 25-page report, the Johannesburg-based broker has issued a BUY recommendation for Orion (which is also listed on the JSE), describing its 70%-owned Prieska copper-zinc project in the Northern Cape as “world-class” with the ability to generate “large amounts of free cash”.

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The gold price took a knock yesterday when the US central bank delivered half the interest rate cut investors wanted, with the sliding share prices that followed a warning shot for investors making the trek to next week’s Diggers and Dealers conference in Kalgoorlie.

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The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs

The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs while nearby juniors Sipa and Antipa are planning holes of their own. Plus, Sandfire-backed White Rock offers investors two projects for the price of one. Exploration in Western Australia’s remote Paterson province is heating up as was expected following Rio Tinto’s belated confirmation in February that its Winu copper-gold discovery was indeed something special.

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Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors

Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors, while two industry leaders, BHP and Rio Tinto, paid a heavy price for annoying their supporters. On a “follow-the-money” basis, it was hard to overlook the flow of funds into two emerging rare earth companies, Arafura and Northern Minerals, which attracted $30 million and $23.2 million respectively to advance their projects.

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Plus, Liontown morphing into lithium city as new research report says the hot stock is just warming up

It is wrong to think that it has been a case of total gloom and doom for lithium equities since January. The sector is down by 50%-plus on fears of over-supply well in to the 2020s and operational shortcomings at the newer operations. It has not mattered that one by one, the world’s biggest auto groups have been pinning their futures to the electric vehicle revolution. In a global market in which two million EV units were sold last year, VW reckons it will do five million units itself in 2025. Same with Toyota, and others have been chiming in.

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Gateway Mining (ASX:GML) is one step closer to a maiden resource at its Gidgee gold project in WA

Gateway Mining (ASX:GML) is one step closer to a maiden resource at its Gidgee gold project in WA and, insiders hope, one step closer to Jubilee 2.0 (reports Stockhead).

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The next key catalysts for base metals developer Orion Minerals (ASX: ORN) will be approvals and financing for its flagship Prieska Copper-Zinc Project in South Africa, according to Sydney-based institutional broker Petra Capital

The next key catalysts for base metals developer Orion Minerals (ASX: ORN) will be approvals and financing for its flagship Prieska Copper-Zinc Project in South Africa, according to Sydney-based institutional broker Petra Capital. Petra Capital analyst Craig Brown has reiterated his BUY recommendation for the stock, with a revised target price of 12c-a-share (compared with a current share price of 3c), following the recent release of a Bankable Feasibility Study which it says has confirmed a “robust, high-margin development” at Prieska.

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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. 

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