Miners weigh S&P/ASX 200 down, but gold shines - Mining.com.au
WEB1 day ago · The positive performance by the gold miners follows another advance in the gold price to US$2,645 ($3,929) an ounce following the release of monthly US consumer price data and weekly jobless claims. Over the last five days, the S&P/ASX200 has gained 0.79% and is 0.86% off of its 52-week high. The S&P/ASX200 is …
Gold miners dominate as ASX stagnates - Mining.com.au
WEB2 days ago · Gold miners dominate as ASX stagnates. The ASX opened lower on Friday (11 October), but gold miners escaped the downward pull, with three of the top five active in the popular sector. The S&P/ASX 200 slipped 14.10 points, or 0.17%, to 8,208.90 at 10.36am AEDT, with 10 of the 11 sectors in the red.
Capital Crunch: Metals Acquisition targets $150 million
WEB2 days ago · On Thursday multiple mining companies tapped investors to raise capital, including Metals Acquisition (ASX:MAC), which aims to raise $150 million via an oversubscribed placement. Metals Acquisition issued 8.3 new CHESS Depositary Interests (CDIs) at $18 per new CDI, representing a 13% discount to …
Astral paves way for Theia resource upgrade - Mining.com.au
WEB3 days ago · Astral Resources (ASX:AAR) is building the case for a gold resource upgrade at its Theia deposit, part of the Mandilla Project in Western Australia, with the results from the latest drilling program.. Assays have been received from a 70-hole, 6,512m infill reverse circulation drilling program targeting an upgrade of Theia’s inferred resources to the higher confidence indicated category.
Gold production on Horizon for Phillips Find - Mining.com.au
WEB5 days ago · At Boorara, Horizon Minerals plans to mine 1.24 million tonnes of ore to produce 45,800 ounces of gold. The Boorara Gold Project lies 15km east of the Kalgoorlie-Boulder city in Western Australia. Horizon Minerals is a gold explorer, developer, and miner focused on the Kalgoorlie and Coolgardie areas in the Western Australian Goldfields region.
Exploration News - Mining.com.au
WEB4 days ago · Mulga Tank ‘keeps getting bigger’ for Western Mines. Western Mines Group (ASX:WMG) continues to hit nickel sulphide mineralisation,... 09 October, 2024. Exploration.
Onsite at Mt Oxide: True North Copper’s sulphate production and ...
WEB5 days ago · Join Bevan Jones, Managing Director of True North Copper (ASX:TNC), as he takes us on-site at the Mt Oxide Copper Project, 140km north of Mt Isa in Queensland.. Learn about the copper sulphate production process, from heap leaching to crystal formation, and see the striking blue copper sulphate crystals up close.
Ebbs and flows: Australia’s mining outlook - Mining.com.au
WEBDec 22, 2023 · Resource and energy exports are forecast to be $408 billion in 2023–24, down from a record $466 billion in 2022–23. “Weak demand and improved global commodity supply imply a fall in prices, more than offsetting the impact of a forecast small rise in export volumes. Export values are forecast to fall by 15% to …
Costs a major focus for miners in 2024 - Mining.com.au
WEBIt’s been a tough start to 2024 for most major miners except those operating in the uranium space with commodities yet to record a winning week within the Bloomberg Commodity Index. The index tracks the performance of 24 major commodity futures spread almost evenly between energy, metals, and agriculture trading lower by about 1% so far this ...
Australian minerals sector delivers record tax, royalty payments
WEBMay 27, 2024 · In FY 22-23 Australia’s minerals sector contributed $42.5 billion in company tax and a decade-high $31.5 billion in royalties, according to the Royalty and Company Tax Payments report. The Minerals Council of Australia (MCA) says these record tax and royalty payments reflect the sector’s commitment to paying its “fair share.”.