News - Market Insights

Gold’s 10% fall over the past three months has rubbed some of the gloss off the metal, but not the investment case of an emerging producer as this tale of two miners demonstrates (reports Tim Treadgold on Small Caps).

In Capricorn Metals (ASX: CMM) versus Calidus Resources (ASX: CAI) a number of interesting parallels (and one disconnection) can be seen with the primary cause of the difference being timing, though that’s an issue which invariably fixes itself. The key to understanding what’s happened (and likely to happen next) is that Capricorn has finished building its Karlawinda project in Western Australia’s Pilbara, poured first gold, and enjoyed a share price boost.

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Perth-based Bardoc Gold has appointed local company GR Engineering Services (ASX: GNG) to manage the engineering, procurement and construction (EPC) of a processing facility at its namesake Bardoc project near Kalgoorlie in WA (reports Small Caps)

The move comes just a week after Bardoc initiated a cashflow optimisation study aimed at increasing the forecast production rate, margins and cashflow at the 3.07 million ounce project. It represents a significant step for the company as it continues towards streamlining the mining and production schedule and improving project economics and returns.

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12th August 2021

Golds reserves across nearly 400 global projects fell by 10% over the last five years, according to consultancy Metals Focus (reports MiningNews).

Reserves fell from 26,989 tonnes in 2016 to 24,238t by the end of 2020. "This highlights that depletion from mining has outpaced reserve replacement from resource upgrades over the past five years despite the gold price reaching a record high in 2020," Metals Focus said. "This trend contrasts with production from these mines, which increased by 3% over the same period, despite the significant impact on production last year from COVID-19." Resources also fell by 2% to 30,367t.

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Bill Beament thinks mining is about to become sexy again (reports The West Australian).

Speaking at the Diggers & Dealers Mining Forum in Kalgoorlie-Boulder, the former Northern Star Resources boss said the industry was changing its image as commodities like copper, zinc and silver became “critical” to deliver greener technology and energy solutions.

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Former Northern Star talisman Bill Beament wants his new copper mining venture to provide services to rival companies, a strategy that mirrors the unique business model of Chris Ellison’s Mineral Resources Limited (reports The Australian Financial Review)

Mr Beament’s plan to turn ASX listed explorer Venturex Resources into the mining industry’s version of a mixed business was announced on the same day the company was rebranded ‘Develop’. Venturex’s focus to date has been a copper and zinc project 112 kilometres south-east of Port Hedland called Sulphur Springs where an intense drilling campaign is underway to extend the resource.

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Red 5 has outlined a bold plan in its bid to turn around its high-cost Darlot goldmine near Leinster by opening up new underground frontiers while trucking ore to a more efficient processing plant being built at its King of The Hills mine near Leonora (re

The plan unveiled yesterday ahead of the company’s presentation at the Diggers & Dealers Mining Forum in Kalgoorlie-Boulder was described by Red 5 as a “step change” in Darlot’s production costs. Red 5’s recent focus has been on the development of King of The Hills, where first gold has been tipped for the June quarter. But the miner yesterday revealed it had spent the past eight months feverishly working on a plan to streamline Darlot.

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Is “on the cusp of recovery” after a long period of post-Fukushima depression, a mining executive says, predicting prices could “go ballistic” as the world re-embraces nuclear power in the push to mitigate climate change (reports The West)

Boss Energy chief executive Duncan Craib told the Diggers & Dealers Mining Forum in Kalgoorlie-Boulder on Wednesday there was “a hell of lot of activity going on off-market” and predicted uranium oxide prices would rebound strongly, with the spot price sitting at $US32.50 per pound currently, up from below $US28/lb in March. The company holds the Honeymoon mine north-west of Broken Hill in South Australia, which was mothballed in 2014 when uranium prices had tanked in the wake of the 2011 disaster in Japan.

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Aspiring producer Boss Energy (ASX: BOE) has confirmed it will expand preliminary project execution strategies for the re-start of its Honeymoon uranium venture in South Australia (reports Small Caps)

On the back of an enhanced feasibility study released last month, the company will advance planned activities in production schedule optimisation, equipment selection and contract and procurement negotiation. Preferred vendors are completing equipment design for long lead items, as priority work steams ahead of a final investment decision.

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