News - Market Insights

Northern Star Resources executive chairman Bill Beament says the company’s point of difference is its growth outlook (reports MiningNews).

Northern Star Resources executive chairman Bill Beament says the company’s point of difference is its growth outlook (reports MiningNews). The company will acquire Saracen Mineral Holdings next month to create a top 10 global producer. Both released strong quarterly results today, which Beament said highlighted the opportunity. "It's more proof of the world-class company we're about to establish," he said.

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Just weeks after triggering its option for a series of tenements at Kookynie, WA, Genesis Minerals says recent RC drilling has confirmed the potential for additional resource growth (reports MiningNews)

Just weeks after triggering its option for a series of tenements at Kookynie, Western Australia, which expanded its Greater Ulysses gold project to 1.3 million ounces, Genesis Minerals says recent RC drilling has confirmed the potential for additional resource growth (reports MiningNews). Work at the northern end of the existing Orient Well pit, beyond the existing 61,000oz resource, has returned hits such as 3m at 17.3 grams per tonne gold, within 10m at 5.85gpt from 101m, and 29m at 1.63gpt from 120m, including 16m at 2.27gpt.

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Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages (reports The Australian Financial Review).

Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages (reports The Australian Financial Review). UBS is forecasting global economic growth of 6.1 per cent and growth of 8.2 per cent in China, the epicentre of resources and commodity demand.

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Gateway Mining says “outstanding” gold drill results shows the potential for growth at its “cornerstone” Montague-Boulder deposit at Gidgee in Western Australia (reports MiningNews).

Gateway Mining says “outstanding” gold drill results shows the potential for growth at its “cornerstone” Montague-Boulder deposit at Gidgee in Western Australia (reports MiningNews). The results of 5m at 6.9 grams per tonne gold from 67m and 3m at 3.7gpt from 88m were made between 100m and 180m from the existing 120,000 ounces of resources.

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PolarX is looking to acquire a high-grade gold-silver prospect in Nevada that will give it a second exploration front in North America

PolarX is looking to acquire a high-grade gold-silver prospect in Nevada that will give it a second exploration front in North America and boost the explorer’s market newsflow when the winter season annually curtails work at its mainstay Alaska Range project (reports MiningNews). The junior has signed an option over the Humboldt Range prospect comprising two groups of lode claims "neither of which has been extensively explored using modern techniques".

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Warren Buffett has long been sceptical about investing in gold. The investment king has expounded on its shortcomings – "neither of much use nor procreative" – and dismissed it as an asset for the fearful (reports The Telegraph of London).

Warren Buffett, the Sage of Omaha, has long been sceptical about investing in gold. The investment king has expounded on its shortcomings – "neither of much use nor procreative" – and dismissed it as an asset for the fearful (reports The Telegraph of London).

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Oil is extending a steady recovery into 2021, aided by fresh signals that the world’s biggest producers won’t turn on the spigots and flood the market (reports Dow Jones).

Oil is extending a steady recovery into 2021, aided by fresh signals that the world’s biggest producers won’t turn on the spigots and flood the market (reports Dow Jones). US crude futures recently rose above $US50 a barrel for the first time since last February, the latest milestone in a rebound powered by an uptick in travel and economic activity following the easing of coronavirus restrictions. Output cuts by large suppliers from Saudi Arabia to US companies are turbocharging the advance, giving traders confidence that demand will exceed supply.

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Goldman Sachs has boosted its price targets for Australian miners (reports The Australian)

Goldman Sachs has boosted its price targets for Australian miners as the US investment bank stays bullish on commodities in 2021 on recovering global demand, low inventories and supply constraints, reflation and a weakening US dollar, and ongoing capital discipline from the mining sector (reports The Australian).

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