Volt Resources (‘VRC’ or ‘Volt’)) is moving toward financial close on a project that has the potential to be developed into a medium scale gold mine in the short term, putting Volt on the radar screen for astute investors looking for undervalued emerging gold producers in the micro-cap space. The project, known as the Luiri
Category Archives: Mining & Shares
RED 5 Limited – Australian Gold Producer (July 2020 Review)
Red 5 is an emerging gold producer with some challenges ahead, but at the same time has two gold mines in one of the world’s most attractive gold regions. King of the Hills (‘KOTH’) and Darlot. KOTH is an underground gold mine bought from Saracen Minerals in 2017. Early drilling results indicated that the site
Ramelius Resources (RMS) July 2020 Review
“Mighty oaks from little acorns grow”: although these words were first spoken in 1374, they ring true today, especially in the case of WA gold producer, Ramelius Resources. Ramelius Resources, a $3M IPO in 2003, began drilling for gold in a 13500 oz ‘starter pit’ called Wattle Dam in 2006, located approximately 70km south of Kalogoorlie. Gold
What’s the problem at Newmont?
Newmont is the world’s largest gold miner with reserves estimated by the company at approximately 100 million ounces, with 25000 employees worldwide in 5 countries, including Australia. Next year will see it celebrate 100 years as a gold miner. It’s a financial behemoth with $3.7 billion in cash at March 31 of which $0.94 billion
Small Cap Watch: MANUKA RESOURCES
Australia’s newest gold producer, Manuka Resources (MKR), will commence trading on the ASX on 14 July after raising $7M (35m shares @ 20c) in an IPO that was 100% oversubscribed. Post the raising 249m shares will be on issue, implying a market cap of almost $50M with consolidated debts of $24.66M. The 249m shares on
Review: Fortescue Metals (19/20FY)
Fortescue Metals is a single bet on China. And this is one bet that is now paying dividends! Fortescue currently produces one product – iron ore; exports to one country – China; operates entirely from one area – the Pilbara; exports through one port – Port Headland; and is driven by one man – Twiggy
Barrick Gold Corporation : June 2020 Overview
Barrick Gold Corporation is an international gold company headquartered in Toronto, Canada, with operating mines and development projects around the world, including third world countries, such as Papua New Guinea and Tanzania. The absolute necessity to build trusted relationships with its host countries around the world through a commitment to the environment, social and economic
Newcrest Mining Limited Review (1st Half 2019/2020 FY)
While its inclusion in the ASX top 20 and a buoyant gold price since December have supported the Newcrest share price over the past few months, soft production numbers in the first half-year to December 2019 will need to be offset by a boost to its gold reserves for the share price to move materially
Western Australia Miners Join Forces Against Aggression To Gold
Recently big names in the gold mining sector united their voices to defend the wounded industry. The Gold Industry Group is now a result of the sector preoccupation about Government’s financial interests and future decisions. In the meanwhile, low prices keep hurting the sector but the precious metal is starting to recover.
Minor Players in the Gold Mining Sector Now Represent Hope
Despite the near disaster occurring in several markets to the present moment, along with all the panic among gold investors, there is still great news. This well appreciated good news has been born from the bad financial situation itself. Giants in the mining industry are suffering and making entire armies of investors flee. They are in debt and selling plenty of assets, like mines and associated operations.