all ords gold

Kirkland’s imminent reserve update puts spotlight on its leveraged neighbours

Barry FitzGerald

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

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Kumova’s Alderan gives a glimpse of the good stuff as copper-gold assays beckon

Barry FitzGerald

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

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Fast-growing gold explorers could provide an opportunity in an oversold space

Barry FitzGerald

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

Strong A$ gold price fuels talk of M&A among mid-tiers

Barry FitzGerald

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

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Can Blackham Resources Dodge the Scepticism Discount?

John Robertson

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