News

25th October 2019

Matterhorn Asset Management founder and managing partner Egon von Greyerz says the current “mess in the world” is unsustainable, which is good news for gold (reports MiningNews). Matterhorn owns the world's largest private gold vault in Switzerland. Von Greyerz prefaced his keynote presentation to the Gold and Alternative Investments Conference in Sydney today by saying he wasn't a gold bug. "I'm not a gold bug, I just measure risk," he said. "I think we're looking at the greatest risk ever in history."

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Saracen Minerals says it produced a record 96,324 ounces of gold in the September quarter

Saracen Minerals says it produced a record 96,324 ounces of gold in the September quarter, at a lower cost than forecast (reports The Australian). That put the Perth miner on track to beat its FY20 guidance of 350,000 to 370,000 ounces, while its all-in sustaining cost of $A964 an ounce was below guidance of $A1,025 to $A1,075 an ounce. Managing director Raleigh Finlayson said the production reflected Saracen's investment in exploration and development.

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Rebooting nickel company Mincor Resources has recorded a second outstanding nickel intercept in the past month from its Cassini prospect near Kambalda in Western Australia

Rebooting nickel company Mincor Resources has recorded a second outstanding nickel intercept in the past month from its Cassini prospect near Kambalda in Western Australia, with a wedge hole between the two standout hits now being drilled ahead of a resource estimate early in November (reports MiningNews). The 12.3m grading 5.1% nickel hit reported today included 9.7m at 6% nickel, with a true width of 7.6m. The hole was 70m down-plunge from the intercept reported late last month of 15.4m at 4.7% nickel.

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Plus, Canterbury holds its breath ahead of Queensland copper assays and Strandline’s big WA mineral sands project on track to secure funding from the Government’s Northern Australia Infrastructure Facility.

Demand for stock in Stavely Minerals’ (SVY) $19.6 million placement at a $1 a share in the wake of its high-grade copper hits at the Thursday’s Gossan project in Western Victoria was a staggering $100 million. Hits like 32m at 5.9% copper and individual assays of up to 40% copper have obviously fired up interest in the discovery, with Stavely only stopping at $19.6m because that was the threshold for proceeding without the need for shareholder approval.

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First signs of lithium hitting the bottom after a torrid year of falling prices could be seen in market commentary this week with leading investment banks hinting that a lithium rebound could be on the way.

First signs of lithium hitting the bottom after a torrid year of falling prices could be seen in market commentary this week with leading investment banks hinting that a lithium rebound could be on the way. J.P. Morgan was first to suggest that it might be time to take a fresh look at lithium stocks, followed by Morgan Stanley, which said a tour of Chile’s lithium industry revealed some ongoing uncertainty but that “downside risk is becoming more limited”.

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Northern Star Resources had a weaker than expected quarter of gold production, but executive chairman Bill Beament said the outlook was “extremely bright on all fronts”

Northern Star Resources had a weaker than expected quarter of gold production, but executive chairman Bill Beament said the outlook was “extremely bright on all fronts” (reports MiningNews). After a strong June quarter that saw Northern Star produce 226,028 ounces of gold, September quarter output dropped to 188,175oz. All-in sustaining costs rose from A$1238 an ounce to $1493/oz. At Pogo in Alaska, production dropped from 45,594oz to 29,468oz, while AISC rose to $2798/oz from $1724/oz.

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Pilbara Minerals (ASX: PLS) shareholders should feel confident their company is in the “right sub-set” of the lithium industry and is well placed to benefit from the “inevitable” improvement in the market

Pilbara Minerals (ASX: PLS) shareholders should feel confident their company is in the “right sub-set” of the lithium industry and is well placed to benefit from the “inevitable” improvement in the market when it comes, senior company executives told shareholders in Perth this week. At an EGM called to approve key aspects of a $55 million investment by Chinese battery giant CATL – part of a broader $112 million capital raising – Pilbara CEO Ken Brinsden said he was adopting a “glass half full” view of the outlook for the battery-making raw material. 

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A successful strategy in recent times for investors has been to follow ASX-listed explorers looking to revive old and forgotten high-grade goldfields in WA

A successful strategy in recent times for investors has been to follow ASX-listed explorers looking to revive old and forgotten high-grade goldfields in WA (reports Barry FitzGerald on Stockhead).

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RRS Summer Series 2019 - Sydney Conference

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