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Talk of vaccines and rising bond yields clip gold stocks as investors return to industrial metals

13th November 2020

“When the facts change, I change my mind, what do you do?” – a question credited to the great 20th century economist, Lord Keynes, and one which today’s investors should note as encouraging Covid-19 vaccine news floods financial markets.

“When the facts change, I change my mind, what do you do?” – a question credited to the great 20th century economist, Lord Keynes, and one which today’s investors should note as encouraging Covid-19 vaccine news floods financial markets. Gold, a favourite of many Australian investors, was first to feel the chill of a market shift with the price taking a $US100 an ounce hit, partly because of vaccine news and partly because of a modest increase in U.S. interest rates and a weakening of the U.S. dollar.

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Palladium prices will hit all-time highs in 2021. Chalice is one to watch

13th November 2020

In January 2019, palladium prices hit 26-year highs of $US1328.80 an ounce and we asked “was it time to call the top?” (reports Stockhead)

In January 2019, palladium prices hit 26-year highs of $US1328.80 an ounce and we asked “was it time to call the top?” (reports Stockhead) The answer was – and still is – a resounding no. In early November this year palladium surged above $US2,500/oz for the first time since March.

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Lithium 'survivor' Pilbara Minerals best-placed for Altura deal

13th November 2020

A bullish Ken Brinsden says Pilbara Minerals is one of the better-placed companies to benefit from a lithium market recovery (reports MiningNews).

A bullish Ken Brinsden says Pilbara Minerals is one of the better-placed companies to benefit from a lithium market recovery (reports MiningNews). "It's fair to say we've surprised a lot of people with just how far we've come," Brinsden told the Resources Rising Stars 2020 Investor Forum yesterday. Pilbara's Pilgangoora mine has been running at about 40% of nameplate due to weak lithium demand and prices. Brinsden said moderating production was a tough decision to make, but it protected the balance sheet.

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Bellevue boosts resource

13th November 2020

Bellevue Gold has boosted the resource for its namesake project in Western Australia, while touting the potential for continued growth (reports MiningNews).

Bellevue Gold has boosted the resource for its namesake project in Western Australia, while touting the potential for continued growth (reports MiningNews). he indicated resource is up 20% to 1.04 million ounces at 11.4 grams per tonne gold following recent infill drilling at the Deacon and Bellevue North lodes. The overall resource now stands at 2.41Moz at 10gpt, up from 2.3Moz at 10gpt gold. Today's update included a maiden resource for the Armand discovery, which was only discovered last month.

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Battery recharges treasury for Stavely copper-gold work

13th November 2020

Battery Minerals has raised A$5 million for its new exploration play next to Stavely Minerals’ Thursday’s Gossan copper-gold discovery in western Victoria (reports MiningNews).

Battery Minerals has raised A$5 million for its new exploration play next to Stavely Minerals’ Thursday’s Gossan copper-gold discovery in western Victoria (reports MiningNews). The fundraising priced new shares at 2.2c each and involved capital market firms' Morgans and Foster. Battery had an estimated $2.2 million cash prior to the raising. Battery moved into western Victoria earlier this year with the acquisition of Gippsland Prospecting and the appointment of Gippland's Darryl Clark as a director.

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New World Resources hits thick zone of mineralisation at Antler Copper with maiden drill hole

13th November 2020

A 22m thick mineralised interval has been discovered from the maiden hole drilled in testing of strike extension at Antler Copper Deposit (reports Stockhead).

A 22m thick mineralised interval has been discovered from the maiden hole drilled in testing of strike extension at Antler Copper Deposit (reports Stockhead). The discovered interval was 291m down-hole and includes 7.8m of massive and semi-massive sulphide which was intersected at the southern extension of the deposit, where drilling has just begun.

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Northern Star outperforming peers off the back of Saracen deal

13th November 2020

Northern Star Resources executive chairman Bill Beament says the company’s market outperformance has been the result of its proposed merger with Saracen Mineral Holdings (reports MiningNews).

Northern Star Resources executive chairman Bill Beament says the company’s market outperformance has been the result of its proposed merger with Saracen Mineral Holdings (reports MiningNews). "This has to be the most logical and unique deal in the gold space in the past decade," he told the Resources Rising Stars 2020 Investor Forum yesterday. "It entirely changes the gold landscape in Australia." Both companies' shares have performed strongly since the A$16 billion merger was announced five weeks ago.

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Savvy investors tune in for more inventory growth at Bellevue Gold

6th November 2020

Plus, beaten-up Syrah wins an analyst’s heart while the bidding race for Cardinal puts the spotlight on fellow West African gold explorer Tietto.

No big move either way in the gold price in response to Biden’s US election victory, as confirmed by Sportsbet paying out on Thursday morning at any rate. There might yet be a big gold price swing but in the meantime the big-name gold stocks are being left to drift on the basis that they are fully priced for circa $US1900/oz gold. In the absence of gold doing something to wake up the trading desks, the focus has shifted to the explorers/developers making a difference to their story with the drill bit.

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