News - Market Insights

Mincor Resources has signed a long-term agreement with mining giant BHP to supply nickel concentrate (reports The West Australian). BHP’s Nickel West division will process up to 600,000 tonnes a year of nickel sulphide at its Kalgoorlie smelter out to 2025 once Mincor has restarted its operations in December.

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Sipa Resources (ASX: SRI) is staking its claim as one of the explorers best positioned for discovery success in Western Australia’s white-hot Paterson copper province (reports Stockhead). The Perth-based junior was a first-mover in the Paterson district, throwing down well before all the recent hype surrounding Rio Tinto’s much-vaunted Winu copper-gold discovery. It’s now one of the only companies outside of Rio Tinto with granted tenements and exploration programs under way, with its western tenement boundary sitting just 10km from the site of the Winu find.

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Northern Star Resources executive chairman Bill Beament believes the gold market is “going to start popping”

Northern Star Resources executive chairman Bill Beament believes the gold market is “going to start popping” (reports MiningNews). Beament addressed the company's annual pre-Diggers & Dealers strategy day on Saturday just as Australian dollar spot gold hit an all-time high of A$2129 an ounce. He said Northern Star had seen this coming about a year ago and acquired the Pogo mine in Alaska when the gold price was about US$300 an ounce lower in US dollar terms. "This is not luck - we saw this coming," Beament said.

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Saracen Mineral Resources boss Raleigh Finlayson says the company is in no hurry to pay a maiden dividend because shareholders were getting better bang for their buck from the company’s exploration success

Saracen Mineral Resources boss Raleigh Finlayson says the company is in no hurry to pay a maiden dividend because shareholders were getting better bang for their buck from the company’s exploration success (reports The West Australian). Queried on the company’s dividend policy at the annual Diggers and Dealers Mining Forum in Kalgoorlie, Mr Finlayson said the company was discovering gold at $30 per reserve ounce versus merger and acquisition that was $300 to $400 per ounce.

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The Pogo gold mine in Alaska is on its way to becoming Northern Star Resources’ flagship operation after strong resource growth (reports MiningNews).

The Pogo gold mine in Alaska is on its way to becoming Northern Star Resources’ flagship operation after strong resource growth (reports MiningNews). Resources at Pogo jumped 43% to 5.95 million ounces at 9.6 grams per tonne gold, the largest resource in the project's history. Northern Star also declared a maiden reserve for Pogo of 1.5Moz at 7.5gpt gold. The growth in Pogo's resource drove a 31% jump in group resources to 20.8Moz, after depletion of 915,000oz and 1.9Moz shifted to unclassified and removed at the Kalgoorlie operations.

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Northern Star says the performance of its Pogo mine in Alaska is improving but there is still a long way to go before mining operations there run as well as its Australian assets (reports The Australian Financial Review)

Northern Star says the performance of its Pogo mine in Alaska is improving but there is still a long way to go before mining operations there run as well as its Australian assets (reports The Australian Financial Review). Bill Beament-led Northern Star welcomed a 33 per cent improvement in sales from Pogo to 48,009 ounces in the June quarter compared with the previous three months and lower costs, but said there was still work to do to get the mine up to speed with the Jundee and Kalgoorlie operations in Australia.

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1st August 2019

Saracen Mineral Holdings has outlined a plan that will see it produce 400,000 ounces of gold per annum for at least seven years (reports MiningNews).

Saracen Mineral Holdings has outlined a plan that will see it produce 400,000 ounces of gold per annum for at least seven years (reports MiningNews). The company's record FY19 exploration spend of A$50 million has resulted in it declaring record reserves of 3.3 million ounces of gold, up 32% from this time last year even after depletion of 330,000oz. The discovery cost per reserve ounce was $30. Resources were up 7% to a record 9.2Moz.

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Gold miner Red 5 has outlined a decade’s worth of open pit mine life at its emerging King of the Hills mine project with a maiden probable resource of almost 1.5 million ounces and a prefeasibility study that supports an “exceptional” bulk mining opportun

Gold miner Red 5 has outlined a decade’s worth of open pit mine life at its emerging King of the Hills mine project with a maiden probable resource of almost 1.5 million ounces and a prefeasibility study that supports an “exceptional” bulk mining opportunity (reports MiningNews). Managing director Mark Williams said the maiden reserve, carved from the 3.11Moz resource statement, and the PFS were a significant milestone towards transforming Red 5 into a "substantial mid-tier gold producer with a diversified production base and production profile".

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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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