Red 5 has already turned trading screens green this year - and now investors are braced for a big increase in its 1.9Moz resource. Plus, Strandline hints at selling a stake in its large WA mineral sands project and South Africa Inc lines up to back Orion’s base metals mine.Gold’s... Show More
In a deal which is winning plaudits for fairness, Oz has committed to spending millions hunting for world-class orebodies at six projects held by little Red Metal. Plus, excitement builds over Kirkland’s imminent Fosterville reserve upgrade and the hunt’s on for more high-grade at the reborn Beta Hunt gold mine. Show More
Strandline’s Fungoni project has earned an honourable mention in an annual list of best undeveloped assets, thanks partly to an IRR of 61% and a short payback period. With funding expected to be in place shortly, Fungoni will pave the way for development of Strandline’s other mineral sands assets. Show More
The WA gold miner has embarked on a drilling program which it believes could “significantly transform” the inventory at its King of the Hills project. It follows spectacular intersections of up to 330m at ~2gpt from surface which have raised the potential to switch from narrow to bulk mining. Show More
This week’s sell-off saw the likes of tech and health stocks walloped. But investors can take some comfort from the solid showing by gold stocks, which in turn suggests that hard assets like commodities could emerge as winners. If this comes to pass, emerging producers will offer significant leverage. Show More
The promise of a big reserve increase at the rich Fosterville mine has investors salivating. Little wonder, given its grade of ~20gpt and costs of around US250/oz. And now the anticipation is spilling into nearby juniors such as Chalice, which is among those set to drill for the next Fosterville.... Show More
The Alderan rollercoaster has taken shaken shareholders back to where the journey began a year ago. But a picture of drilling core in this week’s ASX release suggests they may be onto something. And is a marriage of Capricorn and Eastern Goldfields being sought by the pair’s large common shareholder? Show More
Early results suggest Sandfire may be onto something with its decision to fund exploration at White Rock’s Alaskan base metals project. But with White Rock still capped at $11m, it seems the market is yet to catch on. And well-regarded analyst David Coates puts the case for Breaker to triple. Show More
Backing the right gold explorer can be a rewarding strategy. Expanding inventories, such as those unveiled recently by Breaker Resources and Bellevue Gold, combined with growing evidence that a discovery will be economic and therefore become a mine, allows investors to ride a wave of strong value creation. Show More
The Pilbara’s conglomerate gold was hot and now it’s not. But Novo Resources’ closely-watched chairman Quinton Hennigh has put it back on the radar by noting that he will have “some very, very interesting” things to say in six months. Some think he may be planning a conglomerate-hard rock-gold marriage. Show More
Gold stocks are under pressure as rising US rates take their toll on the metal’s price. For many, things may get worse as shrinking inventories conflict with investor demands for growth. But Northern Star and Dacian are bucking the trend. Plus, more evidence Rio has a big WA copper find. Show More
With bumper margins and bloated kitties, Australia’s mid-tier gold miners are primed for M&A. But this time, it’s expected to be more bolt-on than mega-merger. Smaller companies with growing inventories are seen as potential targets. And talking of targets, Argonaut Resources is about to drill several in the Gawler Craton. Show More
In a sector where market caps have run hard on the back of robust margins, $15m-NTM, which comes complete with a 277,000oz inventory in WA and imminent resource upgrade, seems to have much to recommend it. Plus, Encounter Resources’ enviable JV with Newcrest leaves it highly leveraged to exploration success.... Show More
The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. The gold price subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17 as detailed in a previous wire (see below). The nominated upside technical price target located at US$1262 was reached during intra-session trading... Show More
Gascoyne Resources (GCY:AU), developing gold assets in Western Australia, has been classified as a Phase II company and rated ‘3+’ on the five point PortfolioDirect rating scale. A sevenfold change in the Gascoyne Resources share price dating from the beginning of 2016 exceeded the increase in the ASX All Ordinaries... Show More
Gold is overpriced relative to a selection of 10 globally significant prices and financial variables with a potential bearing on bullion prices. Show More
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Gold companies frequently appear cheaper than their foreshadowed cash flows for good reason. The industry is habitually long on promise and short on delivery. Value is normally contingent on a series of interdependent events making achievement of all necessary development preconditions a low probability. Limited resource bases constrain operating lives... Show More
