Category: investingnews

The gold price corrected this week, even falling briefly below US$2,300 per ounce. While that’s down from levels of over US$2,400 earlier this month, most experts aren’t concerned about the yellow metal’s price activity. With that said, Hemke does see strong upside potential for the precious metal in 2024. He said there are a lot...

The company reported a 13 percent decline in saleable production of the metal at the location, amounting to a reduction of 352,000 wet metric tonnes over the nine month period ended in March of this year. The cyclone, which wreaked havoc on March 16 and 17, unleashed rainfall of 681 millimetres accompanied by powerful wind...

Highlights During the Quarter, the Company focussed on the Bangemall Ni-Cu-Co- PGE projects in the Gascoyne region of Western Australia. Early in the Quarter, the Company announced the grant of the Trouble Bore Exploration Licence, adjacent to Mount Vernon, where historic EM surveys had identified a strong late-time EM anomaly that could be representative of...

2024 has been a storybook year for gold. Coming off a record-setting December 2023, markets were range bound as they awaited important interest rate decisions from the US Federal Reserve. As March started, messaging from the central bank became clearer. The Fed was confident it was done raising rates and cuts could be expected in...

Further information has been provided in respect to the Indicative, Conditional and Non-Binding Proposal: The Board of ARR are aware of the potential benefits of this type of proposal as it follows a similar successful pathway of MP Materials, who also achieved listing of Mountain Pass utilising a combination with a SPAC. However, the board...

James Henry Anderson, senior market analyst at precious metals dealer SD Bullion, shared his thoughts on gold and silver, including what factors are moving the metals right now and where they could go in 2024. In his view, the precious metals sector is undergoing a tectonic shift with far-reaching impacts. “Ultimately I think US$2,400 (per...

The basic terms of the second Convertible Note are as follows; Principal Amount A$1,000,000 Maturity Date 30 April2026 Interest NIL Discount to Principal Amount A$100,000 (in lieu of interest) Early Repayment At the Company’s option at 110%of any outstanding balance of the Convertible Note within the first year after issue, and 115% in the second...

The company’s gross profit came in at US$156 million, with EBITDA at US$180 million, both lower than last year. With those circumstances in mind, First Quantum emphasized its commitment to managing its finances. The firm completed a “comprehensive refinancing package” during Q1, along with other initiatives to strengthen its balance sheet, and said this has...

HIGHLIGHTS Black Mountain Project Phase 1 Drilling Program The Phase 1 Drilling Program commenced on 10 November 2023, drilling triple tube HQ sized core using a Boart Longyear LF90 Surface Diamond Core Drill Rig. The Phase 1 Drilling Program was completed despite adverse weather conditions and a restrictive disturbance limit of only 5-acres required, under...

All capitalised terms in this announcement have the same meaning as defined in the 27 March 2024 Announcement. Under the terms of the variation (“Amended PURE Facility”), Hydralyte secured A$1.7m in new funding and two additional tranches, valued at A$1.5m each, which can be accessed at the discretion of PURE. A condition precedent to the...