News

Bellevue Gold has reported a maiden resource for the Deacon Lode, which has taken the total resource for its namesake project to 2.2 million ounces of gold (reports MiningNews). Deacon has a maiden resource of 410,000 ounces at 12.3 grams per tonne gold. The resource beat Canaccord Genuity analyst Tim McCormack's estimate of 250,000-350,000oz at 8-10gpt. The resource only covers 900m of the identified 2000m strike length. Mineralisation remains open in all directions with high-grade hits of up to 23gpt gold already received from outside the resource.

read more

De Grey Mining  has reported further good news from the exciting new Hemi gold prospect in Western Australia’s Pilbara region, with first RC drilling giving strong geological encouragement and a diamond core rig set to arrive on site later this week (reports MiningNews). The RC drilling that intersected "large sulphide zones on Section B have the potential to significantly increase Hemi's scale", De Grey said.

read more

A revitalised junior gold exploration sector is enjoying positive investor sentiment and, more importantly, true exploration success (reports Stockhead). This morning’s big announcements come from Bardoc Gold, Oklo Resources, Los Cerros and Arrow Minerals. Bardoc Gold (ASX:BDC) has already bagged up a significant 3.02-million-ounce (moz) gold resource at its namesake project near Kalgoorlie in WA.

read more
28th February 2020

Sandfire is not alone in having a beaten up share price in response to the slide in copper prices, first because of the US-China trade war, and now because of the unknowns around the coronavirus (writes Barry FitzGerald on MiningNews).

Sandfire is not alone in having a beaten up share price in response to the slide in copper prices, first because of the US-China trade war, and now because of the unknowns around the coronavirus (writes Barry FitzGerald on MiningNews). But Sandfire has been beaten up more than most, with its 22% share price fall since the start of the year comparing unfavourably with the 10% fall for the copper/gold producer it is most often compared with, OZ Minerals.

read more

The coronavirus-induced market meltdown is creating buying opportunities everywhere, especially among base metals companies.

The coronavirus-induced market meltdown is creating buying opportunities everywhere, especially among base metals companies. None more so than mid-tier copper-gold miner Sandfire Resources (ASX: SFR), whose shares plumbed 5-year lows of $4.48 this week. In show of confidence in the mid-tier miner’s ability to bounce back strongly from the current malaise, Sandfire chief executive Karl Simich shelled out $226,395 earlier this week to top up his holding to the tune of 50,000 shares.

read more

The Big Australian’s new chief admits to reviewing the battery metal’s potential “on a regular basis”...

BHP’s posturing that it stands to benefit from the world’s great decarbonisation event – the electric vehicle and renewable energy storage revolution – through its electrification and battery metals exposures of copper and nickel is well known. It likes to call the exposures its “future-facing” commodities and it has just declared an appetite for more copper and nickel resource positions through exploration and early-stage entry into projects owned by others.

read more

Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit...

Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit and to reduce debt before paying a long-awaited inaugural dividend (reports The Australian Financial Review). The Saracen board opted not to pay a half-year dividend in the wake of forking out $US750 million ($1.115 billion) for a half share in the Superpit gold operations.

read more

Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth...

Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth (reports MiningNews). The company posted a half-year net profit after tax of A$34.2 million, down from $49.6 million for the same period of 2018. The result included an additional amortisation expense of $34.2 million following the acquisition and development of the Monty mine. Cashflow from operating activities was $109.1 million, up from $97.5 million, or $140.3 million before exploration and evaluation expenses.

read more

Upcoming Events

View All

No Date

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 announcement regarding an indefinite ban on indo

© 2020 Resources Rising Stars All Rights Reserved