Stavely Minerals (ASX:SVY) has extended shallow, high-grade copper mineralisation at the Thursday’s Gossan prospect within its self-named copper-gold project in Victoria after drilling returned some standout results (reports Stockhead).
Stavely Minerals (ASX:SVY) has extended shallow, high-grade copper mineralisation at the Thursday’s Gossan prospect within its self-named copper-gold project in Victoria after drilling returned some standout results (reports Stockhead).
The top hit from the drill program returned 11m at 4.62 per cent copper, 0.57 grams per tonne (g/t) gold and 25g/t silver from a depth of 86m about 40m north of the discovery hole.
A robust RC drilling program has seen Calidus Resources [6] continue its rapid transition from explorer to producer as it underpins the open pit resource upgrade for its million-plus ounce Warrawoona gold project (reports Business News)
A robust RC drilling program has seen Calidus Resources continue its rapid transition from explorer to producer as it underpins the open pit resource upgrade for its million-plus ounce Warrawoona gold project in WA’s East Pilbara (reports Business News).
Gold bugs have always struck me as paranoid (reports The Financial Times). You have to really believe the sky is falling in order to hoard physical bars in a digital age. So, it’s rather worrying that some investors and central bankers are talking up gold.
The Dutch Central Bank recently argued in an article that if there were to be a major monetary reset, “gold stock can serve as a basis” to rebuild the global monetary system. “Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.”
Despite Beijing ramping up plans for new coal-fired electricity plants, they will be outpriced by cheap wind and solar (reports Ambrose Evans-Pritchard in London’s Daily Telegraph).
No further coal plants should be built anywhere in the world ever again. The great majority of existing plants should be phased out within 15 years.
The notion that the junior mining and exploration sector has lost out to the cannabis and tech sectors in the competition for the speculative investment dollar – and that there is no coming back – has been shot down in recent days.
The notion that the junior mining and exploration sector has lost out to the cannabis and tech sectors in the competition for the speculative investment dollar – and that there is no coming back – has been shot down in recent days.
Big capital raisings in comparison to market caps have been popping up across the junior space and outside of gold, it has been kind of unusual because as yet, there has not been much in the way of support from commodity prices.
If not for a series of significant fund raisings to back expansion moves by gold, nickel and lithium-exposed companies, the past five trading days were largely negative for investors.
If not for a series of significant fund raisings to back expansion moves by gold, nickel and lithium-exposed companies, the past five trading days were largely negative for investors.
Saracen Mineral Holdings was the big one this week, attracting $796 million to help pay for a company-changing half-share in the Kalgoorlie Superpit gold mine.
Mincor’s $35 million to accelerate nickel developments and ioneers’s $40 million to expand work on its Rhyolite Ridge lithium and boron project in the US. were two other well-supported deals.
Saracen Mineral Holdings could more than double its annual production within four years courtesy of its Super Pit acquisition, according to chief financial officer Morgan Ball
Saracen Mineral Holdings could more than double its annual production within four years courtesy of its Super Pit acquisition, according to chief financial officer Morgan Ball (reports The West Australian).
Speaking at the company’s annual general meeting in Perth yesterday, Mr Ball told shareholders the upside potential of the Super Pit along with organic growth at Saracen’s existing WA assets could deliver annual production of 800,000oz within four to five years.
Paying one-third of your market capitalisation for a gold asset that just about doubles your production makes sense every day of the week (writes Barry FitzGerald on MiningNews).
Paying one-third of your market capitalisation for a gold asset that just about doubles your production makes sense every day of the week (writes Barry FitzGerald on MiningNews).
Make that doubly so if downside risk to a fall in gold prices can be protected against using some astute hedging while prices are at near all-time highs in Aussie dollars, and the asset is truly bolt-on because it's operated by one of the best in the business for a management services fee.