News

Western buyers may turn to China for additional zinc supplies after Teck Resources, one of the world's largest producers of the base metal, was forced to cut production from one of its refineries (reports The Australian Financial Review). The forecast cut of between 20,000 tonnes and 30,000 tonnes from the Canadian company's Trail refinery comes at a time when the International Lead and Zinc Study Group has identified a 134,000-tonne deficit in the global refined zinc balance.

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Shares in cash-strapped microcap Syndicated Metals hit a 12-month high after drilling of its new Newington gold project was said to have confirmed the high-grade gold prospectivity (reports MiningNews). Syndicate's drilling at Newington, north of Southern Cross in Western Australia, returned a best hit of 2m at 17.5 grams per tonne from 76m. Newington features multiple old workings including Newfield Central where historical mining produced 32,366 ounces from dirt grading 24.5gpt.

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Finding an entry point into a hot gold sector is not easy with most major producers trading well ahead of the gold price. But there could be value for speculators among smaller project developers that have been jolted awake by an infusion of cash (reports Tim Treadgold in The Australian). Unless the gold price continues to rise, which it could given the unstable global financial markets, the big boys of Australian gold such as Newcrest and Northern Star, which have already weakened, could fall further to better reflect their underlying earnings.

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29th August 2019

Sandfire Resources managing director Karl Simich says now is a time of significant opportunity in the global base metals sector (reports MiningNews).

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Kambalda-area miner Mincor Resources has delivered a substantial increase in tonnes at its greenfields Cassini nickel sulphide discovery at the southern end of the Widgiemooltha Dome, as it continues to refocus on the metal after its dalliance with gold (reports MiningNews). Cassini now hosts 37,800t of the metal, an increase of 33%, with a high-grade 9300t averaging 4.5% nickel confirming the discovery is "one of the largest and highest grade deposits" in Western Australia's Kambalda district.

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The Big Australian’s success is also good news for nearby tiddler Investigator Resources. Plus, NSW copper producer Aeris Resources hits back at market doubters with some exceptional drilling results.

If a junior exploration company had said it, it would have been dismissed as a bit of hype. But in the case in question, it was BHP boss Andrew Mackenzie, a scientist of note, as him being a fellow of London’s Royal Society (think Darwin and Einstein) tells you. Speaking after the release of BHP’s 2019 profit this week, Mackenzie got a little excited when talking about the group’s Oak Dam discovery in South Australia’s Gawler Craton.

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Picking winners in a flat market is not easy but over the past week there has been a sector swimming against the tide - small oils.

Picking winners in a flat market is not easy but over the past week there has been a sector swimming against the tide - small oils. Once a favorite among Australian investors, and still quite large when you look beneath the dominance of a handful of mega-oilers such as Woodside and Santos, the small oil sector was almost universally up last week when almost everything else was down.

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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.

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3rd Dec 2019

RRS Summer Series 2019 - Sydney Conference

One-day investor conference in Sydney on Tuesday 3 December 2019.

5th Dec 2019

RRS Summer Series 2019 - Brisbane Conference

One-day investor conference in Brisbane on Thursday 5 December 2019.

26th - 27th May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held in May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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