News - Market Insights

Sunstone Metals has drilled just two holes at its Bramaderos Main copper-gold play in Ecuador, but it thinks it may have a system measuring 300m below surface to more than 500m laterally

Sunstone Metals has drilled just two holes at its Bramaderos Main copper-gold play in Ecuador, but it thinks it may have a system measuring 300m below surface to more than 500m laterally (reports Stockhead). It told its shareholders this morning that it had received results from the first hole drilled at the project, and the top 200m of a second hole. The high-grade zones include down hole widths of up to 97m at 0.61 grams per tonne (g/t) gold and 0.18 per cent copper from 39.9m in its first hole.

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Gold aficionado, central bank critic and best-selling author Jim Rickards reckons Federal Reserve chairman Jerome Powell faces an "impossible situation", arguing gold may rise to $US10,000 an ounce over the next five years amid strains in the financial system and as US rivals accumulate the precious metal (reports The Australian Financial Review).

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Mineral Resources has revealed more problems with the much-hyped Wodgina lithium project that is subject to a $US1.3 billion deal with global battery metals giant Albemarle (reports The Australian Financial Review). Chris Ellison-led Mineral Resources said on Thursday that it has suffered significant delays in building the spodumene concentrator at the Wodgina lithium mine, mainly due to having replace faulty valves.

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Not content with a 35-fold increase in the value of its shares, Saracen Mineral Holdings has announced plans to start paying dividends (reports The Australian Financial Review).

Not content with a 35-fold increase in the value of its shares, Saracen Mineral Holdings has announced plans to start paying dividends (reports The Australian Financial Review). The new dividend policy was announced on Monday as Saracen reported a 22 per cent rise in profits to $92.5 million. The result was slightly lower than the $101 million analyst consensus published by Bloomberg, but marks the sixth consecutive year that Saracen has grown its earnings.

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16th August 2019

Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year

Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year (reports MiningNews). The operation, near Laverton in Western Australia, produced 16,188 ounces of gold in July. The month's production puts Mt Morgans at an annualised run-rate of 194,256 ounces of gold, well above its guidance of 150,000-170,000oz.

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Calidus Resources has raised A$9 million to complete the feasibility study for its Warrawoona gold project in Western Australia’s Pilbara region

Calidus Resources has raised A$9 million to complete the feasibility study for its Warrawoona gold project in Western Australia’s Pilbara region, with undisclosed institutions involved in the funding and miner Alkane Resources maintaining its circa 13% stake by putting in $1.2 million (reports MiningNews). The new shares have been priced at 3.2c each, with the stock recently reaching a recent 52-week high of 4c after having been about half that price earlier this year.

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WA gold company Bardoc Gold (ASX: BDC) has risen by 48% in the past month and is up 138% since its low in April as the market develops a “better understanding” of the resource potential of its key project

WA gold company Bardoc Gold (ASX: BDC) has risen by 48% in the past month and is up 138% since its low in April as the market develops a “better understanding” of the resource potential of its key project, according to veteran Sydney-based analyst Gavin Wendt. “The catalyst has been the release of a series of outstanding assay results from the recently expanded +40,000m exploration drilling program at its 100%-owned 2.6Moz Bardoc Gold Project, situated 55km north of Kalgoorlie,” Wendt wrote in his widely circulated Minelife newsletter this week.

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Emerging base metals company Orion Minerals (ASX: ORN) is a “rare investment opportunity” whose share price “may at least double” on a one-year view

Emerging base metals company Orion Minerals (ASX: ORN) is a “rare investment opportunity” whose share price “may at least double” on a one-year view, according to a new research report issued by top South African broker Vunani Securities. In a comprehensive 25-page report, the Johannesburg-based broker has issued a BUY recommendation for Orion (which is also listed on the JSE), describing its 70%-owned Prieska copper-zinc project in the Northern Cape as “world-class” with the ability to generate “large amounts of free cash”.

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