News - Market Insights

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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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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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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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.

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Shares in RareX rose this morning after partner Kincora Copper reported the results from the first drill hole at the Trundle project in New South Wales’ Lachlan Fold Belt (reports MiningNews).

Shares in RareX rose this morning after partner Kincora Copper reported the results from the first drill hole at the Trundle project in New South Wales’ Lachlan Fold Belt (reports MiningNews). The partners have been awaiting assays from holes at Trundle Park and Mordialloc after promising visual results.

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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.

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It may have taken until the fiftieth hole to claim a discovery, but Chris Cairns’ Stavely Minerals faith in the potential of the Thursday’s Gossan project in Victoria over many years was unwavering (reports MiningNews).

It may have taken until the fiftieth hole to claim a discovery, but Chris Cairns’ Stavely Minerals faith in the potential of the Thursday’s Gossan project in Victoria over many years was unwavering (reports MiningNews). Stavely floated in 2014 - the only resources float of that year - with the Stavely project in Victoria as its flagship. Cairns, Stavely's founder and executive chairman, acknowledged the support of the board in acquiring the assets privately in 2013.

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Sandfire Resources has made a number of board and organisational changes to ensure it is appropriately structured for its next phase of growth (reports MiningNews).

Sandfire Resources has made a number of board and organisational changes to ensure it is appropriately structured for its next phase of growth (reports MiningNews). The company completed a strategic and structural review to ensure it was prepared for the transition into an international, multi-mine producer. Sandfire's sole operating asset is DeGrussa in Western Australia, but it has two shovel-ready projects in Tshukudu in Botswana and Black Butte in Montana.

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