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Investors hungry for stories with a twin-pronged exploration-cum-development theme

10th July 2020

The dash to throw wads of cash at the likes of Bellevue Gold and Mincor shows investors now want to have their cake and eat it when it comes to resource growth and the march towards production.

A willing equity market is stepping up to fund an explosion in dual exploration and development strategies by ASX mine developers. It is a key theme to emerge from the strong recovery in mining equities from the COVID-19 induced lows of March and makes for a more dynamic newsflow as developers head towards final investment decisions. In the past, a developer would release its definitive feasibility study and then set out to secure a debt/equity package to fund the project without much happening in between.

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FitzGerald

Rising copper and nickel prices point to something much more significant than just a gold boom

10th July 2020

Gold starred this week as it powered through the $US1800 an ounce price-ceiling, but it wasn’t alone.

Gold starred this week as it powered through the $US1800 an ounce price-ceiling, but it wasn’t alone. Copper and nickel marched higher, and that could mean that something more significant than a gold boom is underway. The forces driving gold, perhaps to a record high of more than $US2000/oz, are well understood: economic and political uncertainty flavoured with fear of an outbreak of double-digit inflation.

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Prospector’s Diary

Northern Star revives dividend after dodging virus bullet

10th July 2020

Gold miner Northern Star Resources has emerged in much better shape than it feared

Gold miner Northern Star Resources has emerged in much better shape than it feared when executive chairman Bill Beament made dire predictions about the potential impact of COVID-19 (reports The Australian Financial Review). Northern Star announced on Wednesday that it would pay a dividend of 7.5¢ a share on July 16 after solid June-quarter results. The dividend was postponed in March when the company withdrew its production and cost guidance for the full year.

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Market Insights

Saracen smashes guidance

10th July 2020

Saracen Mineral Holdings has reported record full-year production, well ahead of its guidance (reports MiningNews).

Saracen Mineral Holdings has reported record full-year production, well ahead of its guidance (reports MiningNews). The company had forecast production of more than 500,000 ounces of gold, with the final figure reaching 520,414oz. Carosue Dam produced 203,281oz, Thunderbox 184,538oz and the company's 50% stake in the Super Pit, acquired in December, contributed 132,595oz. "We have now met or exceeded guidance for seven straight financial years," Saracen managing director Raleigh Finlayson said.

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Market Insights

Gold equities could fly on long, high price plateau, says O'Connor

10th July 2020

The buzz around gold equities won’t subside any time soon, says veteran mining analyst Peter O’Connor

The buzz around gold equities won’t subside any time soon, says veteran mining analyst Peter O’Connor, who is backing stocks to fly higher on increased market acceptance of a long-term uptrend for gold prices (reports MiningNews). “This is not a spike like we see in some commodities, this is a long journey with a particularly long plateau,” O'Connor said on a webinar. "Looking ahead we see that level being more like a $2000/oz level plateau if not higher from here," the Shaw and Partners analyst said.

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Market Insights
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Pilbara Minerals - RRS Virtual Investor Series Presentation - 17 June 2020

18th June 2020

RRS TV

Upcoming Events

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8th Jul 2020

Investor webinar featuring Mincor Resources, Calidus Resources, Genesis Minerals & Pioneer Resources

Join us for our next investor webinar on Wednesday, 8 July 2020:

10th - 11th Nov 2020

Gold Coast Conference

With increasing global uncertainty regarding the outbreak of COVID-19 and in light of the latest advice from the Australian Government, including an indefinite ban on large indoor gatherings and in

Company News

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9th July 2020

Bellevue Gold

Bellevue launches fully underwritten $100m placement

9th July 2020

Chalice Gold Mines

Chalice Discovers New High-grade PGE-Cu-Au Zone at Julimar

8th July 2020

Kingston Resources

Oversubscribed Share Purchase Plan raises $2.0m

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