News - Market Insights

Genesis Minerals is raising A$11 million via a placement and share purchase plan as it works towards a final investment decision for its Ulysses gold project by the end of the year (reports MiningNews).

Genesis Minerals is raising A$11 million via a placement and share purchase plan as it works towards a final investment decision for its Ulysses gold project by the end of the year (reports MiningNews). The company received firm commitments for a placement of 166.7 million shares to raise $10 million. Major shareholder Alkane Resources will subscribe for up to $2.1 million worth of shares to maintain its 19.8% stake, subject to shareholder approval. The issue price is 6c per share, a 4.8% discount to the last closing price.

read more

Things could hardly be better for BHP and its shareholders (reports The Australian Financial Review).

Things could hardly be better for BHP and its shareholders (reports The Australian Financial Review). With just 2½-months to go in the financial year, the mining giant’s March quarter production numbers released on Wednesday suggest it is on the cusp of beating its own iron ore export target for shipments in the full year of 286 million tonnes.

read more

Northern Star Resources is on track to hit full-year guidance despite production being blunted by a series of “one-off events”, including a two-week planned shutdown of its mill at Kalgoorlie-Boulder’s Super Pit (reports The West Australian).

Northern Star Resources is on track to hit full-year guidance despite production being blunted by a series of “one-off events”, including a two-week planned shutdown of its mill at Kalgoorlie-Boulder’s Super Pit (reports The West Australian). Northern Star’s first quarterly result since its $16 billion merger with Saracen Mineral Holdings was punctuated by fine-tuning and a minor hiccup at its Thunderbox mill near Leinster. But that did not derail the new entity that boasts a global portfolio and is one of the world’s biggest goldminers.

read more

Chalice Mining’s Julimar nickel-copper-platinum group element project outside Perth continues to get bigger (reports MiningNews).

Chalice Mining’s Julimar nickel-copper-platinum group element project outside Perth continues to get bigger (reports MiningNews). The company received 165 high-grade intersections from the seven-rig drill-out of the Gonneville Intrusion, which is now about 1.8km long by 900m wide. The drilling expanded the G4-G11 zones to the north-east and the G1-G2 zones down-dip. G4 is now 1250m long with up to 600m of dip extent, while G11 is 1200m long with up to 300m of dip extent. Both are open to the north and down-dip.

read more

Two weeks ago I referred to the commodity super cycle that is under way. The stock prices of most resources companies have followed commodity prices on the way up (reports analyst Ryk de Klerk from the African News Agency).

Two weeks ago I referred to the commodity super cycle that is under way. The stock prices of most resources companies have followed commodity prices on the way up (reports analyst Ryk de Klerk from the African News Agency). The big question I asked myself is where I can find value in the resources sector. My starting point was to look for stocks such as junior or emerging mining companies that are often ignored or not followed by analysts. I used the JSE-listed junior mining companies in South Africa to calculate a Junior Mining Company Index for South Africa.

read more

OZ Minerals says soaring coronavirus cases could have a material impact on its Brazilian copper operations, with the miner flagging the loss of output amid the “deteriorating” situation in the pandemic-wracked nation (reports The Australian).

OZ Minerals says soaring coronavirus cases could have a material impact on its Brazilian copper operations, with the miner flagging the loss of output amid the “deteriorating” situation in the pandemic-wracked nation (reports The Australian). OZ Minerals on Thursday maintained its annual production guidance of 120,000 to 145,000 tonnes of copper output for the year.

read more

Aircore drilling at Kin Mining’s (ASX: KIN) Eagle-Crow prospect within the Cardinia gold project in Western Australia has uncovered numerous gold intervals, which the company describes as “outstanding” (reports Small Caps).

Aircore drilling at Kin Mining’s (ASX: KIN) Eagle-Crow prospect within the Cardinia gold project in Western Australia has uncovered numerous gold intervals, which the company describes as “outstanding” (reports Small Caps). The assays indicate two parallel mineralised zones over “substantial strike length”, which Kin says could lead to an “extensive, shallow gold discovery”.

read more

Copper is so crucial in electrifying the global economy that finding enough of it has become a US national security issue, according to mining magnate Robert Friedland (reports Bloomberg).

Copper is so crucial in electrifying the global economy that finding enough of it has become a US national security issue, according to mining magnate Robert Friedland (reports Bloomberg).

read more

Upcoming Events

View All

18th May 2021

RRS May Investor Lunch Series - Brisbane

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

19th May 2021

RRS May Investor Lunch Series - Sydney

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

20th May 2021

RRS May Investor Lunch Series - Melbourne

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

© 2021 Resources Rising Stars All Rights Reserved