News - Market Insights

Ahhh…to have punted a spare A$10,000 back in 2010 on the then fledging gold producer Northern Star (writes Barry FitzGerald on MiningNews).

Ahhh…to have punted a spare A$10,000 back in 2010 on the then fledging gold producer Northern Star (writes Barry FitzGerald on MiningNews). The initial outlay would now be worth more than $1 million thanks to a total shareholder return (TSR) over the journey of some 11,000%. The maths comes from Bill Beament, Northern Star's executive chairman, speaking at the group's recent (virtual) annual strategy day.

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Bellevue Gold says the latest high-grade gold results from its namesake project in Western Australia pave the way for an upgrade of the indicated resource (reports MiningNews).

Bellevue Gold says the latest high-grade gold results from its namesake project in Western Australia pave the way for an upgrade of the indicated resource (reports MiningNews). Step-out drilling up to 200m along strike on the Deacon lode hit mineralisation in previously untested locations in the central and northern areas. Results included 9.3m at 5.8 grams per tonne gold from 757.3m; 1.4m at 63.2gpt gold from 434.9m; and 3.5m at 10.6gpt gold from 387.5m.

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Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year (reports Bloomberg).

Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year (reports Bloomberg). Citigroup sees demand from the official sector rising to about 450 tonnes after a drop to 375t this year, which would be the lowest in a decade. HSBC Securities (USA) expects a slight up-tick to 400t from an estimated 390t in 2020, potentially the second-lowest amount in 10 years.

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Calidus Resources is aiming to secure debt funding for the Warrawoona gold project before the end of the year after a feasibility study confirmed strong project economics (reports MiningNews).

Calidus Resources is aiming to secure debt funding for the Warrawoona gold project before the end of the year after a feasibility study confirmed strong project economics (reports MiningNews). Total capital costs for the project, near Marble Bar in the Pilbara, were confirmed at A$120 million, comprising $105 million in development costs and $15 million for pre-production mining. The project will produce an average 90,000 ounces of gold in the first seven years of an eight-year mine life, peaking at 105,000oz in the fifth year.

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RareX’s infill drilling program to increase confidence in the Cummins Range rare earth resource appears to have hit the nail squarely on its head (reports Stockhead).

RareX’s infill drilling program to increase confidence in the Cummins Range rare earth resource appears to have hit the nail squarely on its head (reports Stockhead). Assays from the first three infill drill holes returned outstanding results such as 36m at 4.6 per cent total rare earth oxides (TREO) from surface including an ultra-high assay of 3m at 25.1 per cent TREO from 15m and 41m at 4 per cent TREO from 29m including 3m at 13.9 per cent TREO from 30m.

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Primero Group and Downer EDI have signed up to help build Western Australia’s next big mineral sands development, near Shark Bay (reports MiningNews).

Primero Group and Downer EDI have signed up to help build Western Australia’s next big mineral sands development, near Shark Bay (reports MiningNews). Strandline Resources said the appointment of Primero and Downer's Mineral Technologies subsidiary as its preferred contractors to design and build the core processing plant infrastructure for the project was a big step ahead for the A$260 million Coburn project.

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Barry FitzGerald chats with Mike Haynes, Managing Director and CEO at New World Resources, on the Stockhead podcast. New World is focused on the exploration and development of its mineral resources projects in North America. The company made headlines in mid-September with news of high-grade hits at its Antler copper deposit in Arizona.

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Chalice Gold Mines has backed up hopes its Julimar project just outside of Perth is the real deal with an airborne electro-magnetic survey pinpointing three new large anomalies (reports The West Australian).

Chalice Gold Mines has backed up hopes its Julimar project just outside of Perth is the real deal with an airborne electro-magnetic survey pinpointing three new large anomalies (reports The West Australian). The company said the results of the survey, released this morning, highlight the district-scale nickel-copper-palladium potential of the 26km-long Julimar complex, which lies 70km north-east of Perth near Toodyay. The results sent Chalice shares up almost 17 per cent to a new all-time high of $2.04 in early trade after emerging from a trading halt.

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