Author: backoffice

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5 Best-performing ASX Gold Stocks of 2024

5 Best-performing ASX Gold Stocks of 2024

Gold prices have soared since the start of 2024 and have set record prices in major global currencies. On August 1, the price for an ounce of gold in Australian dollars surged to AU$3,762.17, breaking the previous record of AU$3,638.01 set in April. Recent gains have come on the back of the resumption of buying...

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Codelco Makes US$500 Million Bid for 10 Percent Stake in Quebrada Blanca Mine

Codelco Makes US$500 Million Bid for 10 Percent Stake in Quebrada Blanca Mine

Enami’s stake in Quebrada Blanca represents a carried interest, meaning the firm isn’t responsible for the mine’s capital expenditures. The sale, if approved, would provide Enami with funds to address financial challenges. The company has faced consistent losses in recent years due to its role in processing minerals for small-scale miners in Chile. The infusion...

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+95% Gold and Antimony Recoveries at Auld Creek

+95% Gold and Antimony Recoveries at Auld Creek

Highlights ” These are excellent results as we progress our Reefton gold and antimony projects into the future. The commodity pricing outlooks for both metals are excellent and the introduction of antimony as a critical mineral brings additional potential benefits to New Zealand. We are now in the final stages of completing our Auld Creek...

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Aurum Hits 40m at 1.03 g/t Gold at Boundiali BD Target 1

Aurum Hits 40m at 1.03 g/t Gold at Boundiali BD Target 1

Highlights Aurum’s Managing Director Dr. Caigen Wang said: “We’re delighted with another shallow, wide gold intercept at BD Target 1. Gold mineralisation remains open along strike and at depth, with intersects as deep as 385m below surface. Every hole we drill helps us understand the controls on the high-grade gold shoots we find within these...

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Highly Encouraging Maiden Scandium Mineral Resources for Melrose and Murga North

Highly Encouraging Maiden Scandium Mineral Resources for Melrose and Murga North

Highlights Commenting on the announcement, Rimfire’s Managing Director Mr David Hutton said: “Declaring maiden Scandium Mineral Resources for Melrose and Murga North is an important first step in achieving our objective of building a globally significant scandium resource inventory at Fifield. An accompanying Exploration Target for the broader Murga area also highlights the excellent potential...

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Goldman Sachs Cuts Copper Price Forecast on Weak Chinese Demand

Goldman Sachs Cuts Copper Price Forecast on Weak Chinese Demand

The American investment bank now anticipates that copper prices will average US$10,100 per metric ton next year, a sharp reduction from its previous forecast of US$15,000. Explaining their thoughts on China, Dart and Struyven point to its ongoing economic challenges, including a persistent downturn in the property sector and slower-than-expected recovery in manufacturing and exports....