News

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.

read more
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.

read more

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.

read more

RareX and partner Kincora Copper already knew they were sitting on a porphyry system in the famed Lachlan Fold Belt of NSW, but now they have also hit higher grades

RareX and partner Kincora Copper already knew they were sitting on a porphyry system in the famed Lachlan Fold Belt of NSW, but now they have also hit higher grades than is typical of most porphyry deposits (reports Stockhead). When it comes to porphyry deposits, size counts. These are multigenerational mines responsible for ~60 per cent of the world’s copper, most of its molybdenum, and significant amounts of gold and silver.

read more

Kairos Minerals has shored up Hemi-style potential after discovering high-grade gold at its Skywell project in WA

Kairos Minerals has shored up Hemi-style potential after discovering high-grade gold at its Skywell project in Western Australia’s Kimberley with rock chips assaying up to 12.9 grams per tonne gold (reports Small Caps) . The company collected rock chip samples along 130m of outcropping veins with five out of 23 samples assaying between 1.8g/t and 12.9g/t gold.

read more

Chalice Gold Mines has intersected a new style of platinum group elements-copper-gold mineralisation at its Julimar discovery northeast of Perth (reports MiningNews).

Chalice Gold Mines has intersected a new style of platinum group elements-copper-gold mineralisation at its Julimar discovery northeast of Perth (reports MiningNews). The wide mineralised interval was below the extended high-grade G1-G2 zones at the Gonneville Intrusive. Drilling returned 23.9m at 1.7 grams per tonne palladium, 0.4gpt platinum, 0.5gpt gold, 0.1% nickel, 0.7% copper and 0.02% cobalt from 314.9m to the end of the hole, including 10.1m at 2.9gpt palladium, 0.6gpt platinum, 1.2gpt gold, 0.1% nickel, 1.3% copper and 0.01% cobalt.

read more

Its Misima project in PNG is seen as the main game, but Kingston could find some easy pickings in white-hot WA gold country. Plus, Centaurus’ nickel success shows we were right to name it as the pick of the bunch at last year’s Diggers & Dealers

Kingston (ASX:KSN) is adding WA gold newsflow to its story while pushing on with development planning for its now wholly-owned 3.2 million ounce Misima gold project in PNG, one of the biggest gold resources held by a junior in the ASX space. The WA gold leg is Kingston’s Livingstone gold project near Meekatharra where previous drilling returned good grade shallow oxide mineralisation, and where a recent structural review pointed to the potential for large-scale primary gold mineralisation in bedrock at depth.

read more

Breaker Resources is continuing to highlight its big picture exploration strategy, claiming “excellent” and “strong” drilling results for potential new large zones of gold mineralisation

Breaker Resources is continuing to highlight its big picture exploration strategy, claiming “excellent” and “strong” drilling results for potential new large zones of gold mineralisation away from the Bombora gold deposit at the Lake Roe project east of Kalgoorlie (reports MiningNews). At the Carbineer prospect, Breaker said drill results "materially upgrade the potential for a substantial new zone of gold mineraliation in a 3km-long target area" located 400m east of Bombora.

read more

Upcoming Events

View All

11th Aug 2020

Investor webinar featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining

Join us for our next investor webinar on Tuesday, 11 August 2020 featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining.

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

© 2020 Resources Rising Stars All Rights Reserved