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High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector.

High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector. It wasn’t all good news, it never is, with leading gold producer, Northern Star, suffering a “coronavirus-related” setback which rubbed the gloss off its share price.

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Gold exploration success De Grey Mining has confirmed its expectation of becoming a producer by appointing mining engineer Glenn Jardine as its managing director (reports MiningNews). Jardine's fixed remuneration will total A$362,500 per annum, with both Simon Lill and Andy Beckwith continuing in their roles as chairman and technical director respectively.

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Gold miner Red 5 (ASX: RED) is set to test investor appetite for emerging gold projects with what is understood to be a $125 million raising to help fund development of its King of the Hills gold project near Leonora (reports The West Australian).

Gold miner Red 5 (ASX: RED) is set to test investor appetite for emerging gold projects with what is understood to be a $125 million raising to help fund development of its King of the Hills gold project near Leonora (reports The West Australian). WestBusiness understands the raising, in two tranches with the second subject to shareholder approval, will be priced at 18¢, representing a 23.4 per cent discount to its closing price on Wednesday of 23.5¢.

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Bellevue Gold has raised $26.5 million in a share placement at 30¢-a-share, a 7.7 per cent discount to its last price (reports The West Australian). The Steve Parsons-led company said the proceeds would be used to fund ongoing infill and resource extension drilling at its Bellevue gold project in WA, where it has inferred resources of 2.2 million ounces at 11.3 grams per tonne, and economic studies. Bellevue is scheduled to release its maiden indicated resource next quarter.

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Plus, Alkane and Chalice tantalise investors with exploration trading halts, DGO ups its stake in De Grey as the Hemi gold find continues to grow, Bardoc PFS boasts strong margins and Apollo and Musgrave set for re-rating.

Gold has not been immune from the extreme volatility that has gripped commodity and equity markets alike since the COVID-19 panic got going on January 22, in US dollar-terms at any rate. But thanks to the collapse in the US exchange rate in the same period from US68c to US57c, the Aussie gold price has actually moved into record territory, having put on 17% to an amazing $2660/oz. Now that hasn’t mattered much when it comes to Aussie gold equities. They are being smashed along with the rest of the market.

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Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week

Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week, leading to the question of what’s next. In a word, drought, and the lessons investors can learn from farmers when they hit a dry patch. The first things farmers don’t do is panic because they know that in Australia drought is as natural as flood.

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Still basking in the glow of a $1.2 billion deal to snap up a half-share of Kalgoorlie’s Super Pit, Northern Star Resources boss Bill Beament’s stellar run of success continued last night when he was crowned WA Pinnacle Awards’ Business Leader of the Year

Still basking in the glow of a $1.2 billion deal to snap up a half-share of Kalgoorlie’s Super Pit, Northern Star Resources boss Bill Beament’s stellar run of success continued last night when he was crowned WA Pinnacle Awards’ Business Leader of the Year (reports The West Australian).

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Mining boss Raleigh Finlayson says he is looking forward to getting back into his hard hat and boots this year after his Saracen Mineral Holdings netted a 50 per cent stake in Kalgoorlie’s famous Super Pit mine in November

Mining boss Raleigh Finlayson says he is looking forward to getting back into his hard hat and boots this year after his Saracen Mineral Holdings netted a 50 per cent stake in Kalgoorlie’s famous Super Pit mine in November (reports The West Australian). The managing director says he plans to spend a lot of time at the asset over the next six months as he works with new joint venture partner Northern Star Resources to improve the performance of the ageing asset and exploit its full potential.

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