News - Market Insights

Northern Star had a rough day out when it updated the market on the production impact of the unavoidable disruption caused by the COVID-19 pandemic...

Northern Star had a rough day out when it updated the market on the production impact of the unavoidable disruption caused by the COVID-19 pandemic, and how it was protecting itself from the worst-case scenario of prolonged mine closures (reports Barry FitzGerald on MiningNews). The overriding aim of the update was to demonstrate the company was on top of the critical need to protect its people and its corporate self, and those who live in its host communities in Western Australia and Alaska, from the dangers posed by the pandemic.

read more

The Kambalda nickel restart plan unveiled by Mincor Resources (ASX: MCR) last week in its much-anticipated Definitive Feasibility Study (DFS) announcement has received positive reviews from key brokers covering the stock...

The Kambalda nickel restart plan unveiled by Mincor Resources (ASX: MCR) last week in its much-anticipated Definitive Feasibility Study (DFS) announcement has received positive reviews from key brokers covering the stock. Sydney-based institutional broker Petra Capital has maintained its BUY recommendation and set a $1.00-a-share target price for Mincor (current price: 49c), after incorporating the DFS results and revised (post-COVID) nickel price and foreign exchange assumptions.

read more
3rd April 2020

Pilbara Minerals claims its “moderated production strategy” is working with the company delivering improved recoveries, reduced costs, steady sales and a small increase in cash at bank for the March quarter...

Pilbara Minerals claims its “moderated production strategy” is working with the company delivering improved recoveries, reduced costs, steady sales and a small increase in cash at bank for the March quarter, although production was a smidge below guidance of 35,000-50,000 tonnes (reports MiningNews). An estimated 33,893t of spodumene concentrate and 33,998 pounds of tantalite concentrate were shipped during the quarter with the company matching mine production and available stocks to customer. Sales in the December quarter were 33,178t.

read more

Venturex Resources has received the all-important nod of approval from the EPA after the WA Government body completed its assessment of the Sulphur Springs copper-zinc project in the Pilbara...

Venturex Resources has received the all-important nod of approval from the EPA after the WA Government body completed its assessment of the Sulphur Springs copper-zinc project in the Pilbara (reports The West Australian). The EPA has now submitted a detailed report to the Minister for the Environment, making the positive recommendation for the company’s flagship mining project to proceed.

read more
3rd April 2020

Wood Mackenzie believes the disruptions in the copper market will escalate as the COVID-19 pandemic unfolds (reports MiningNews). Major copper producing countries Chile and Peru have called a state of emergency, with mines forced into suspension for at least 15 days. WoodMac said a 15-day shutdown of copper mines in those countries would see 1.5% of supply removed from the market this year. "However, we believe there is a significant risk that disruptions will escalate, and breach 5% this year," WoodMac research director Nick Pickens said.

read more

Gold stocks are in the spotlight as the precious metal rallies, the Australian dollar falls and low yields bolster bullion's attractiveness as an investment (reports The Australian Financial Review). Three leading brokers have highlighted their favourite gold stock picks amid renewed strength in the precious metal and as the weak Australian dollar boosts cash flows, though travel restrictions in Western Australia could challenge production.

read more

Explorer Chalice Gold Mines provided a rare bright spot in an otherwise dour market today after announcing a nickel-copper discovery at its Julimar project 70km north-east of Perth (reports The West Australian).

Explorer Chalice Gold Mines provided a rare bright spot in an otherwise dour market today after announcing a nickel-copper discovery at its Julimar project 70km north-east of Perth (reports The West Australian).

read more

Earlier this week, explorer Chalice Gold Mines (ASX:CHN) unveiled a spectacular high-grade nickel-copper-palladium intercept at the greenfields Julimar project near Perth in WA (reports Stockhead). Initial comparisons are being made to Sirius Resources’ legendary Nova nickel discovery.

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