Amara Minerals (ASX:AM3) has raised $2.2 million at a 25% premium with Nova Minerals topping up, as Trojan antimony drilling drives demand.
Gold Stocks
Nelson Resources (ASX:NES) has commenced rehabilitation at the Great Western Mine, the second historic mine being advanced at Gold Point, Nevada.
Vita Resources (ASX:VTA) has raised A$2.9 million at a 22% discount to fund gold and critical minerals exploration across four jurisdictions.
Theta Gold Mines (ASX:TGM) has settled its US$90m bond and parked proceeds in escrow, shifting the story from funding risk to execution risk.
Great Northern Minerals (ASX:GNM) delivers a maiden 480,000oz gold and 11.5Moz silver resource at Iron Butte in Nevada’s Battle Mountain district.
KEY POINTS
Gold has fallen more than 20% from its January record near US$5,600 into a bear market, breaking below its 200-day average for the first time since October 2023.
ASX miners fall harder than bullion because of operating leverage, so the selloff has been brutal.
In Australian dollars, gold is still…
Peako (ASX:PKO) acquires a 862km² Saudi Arabian gold exploration portfolio with drill-ready targets and a A$5.17 million placement at a 40.8% discount.
Northern Star Resources (ASX:NST) responded to Elliott Investment Management’s allegations but pushed back on a potential sale.
Investors who thought Pan African Resources’ acquisition of Emmerson Resources would mean the latter company disappearing completely are wrong. The mid‑tier African gold producer will keep Emmerson's ASX listing in a move that will see its shares trade on three exchanges simultaneously (the LSE, JSE, and now the ASX) giving Australian investors direct access to…
Forrestania Resources (ASX:FRS) has launched a recommended scrip takeover of Zenith Minerals at a 46.7% premium, adding 675koz of gold to the Lake Johnston hub.
