Alkane Resources (ASX:ALK) delivered a record A$93m quarterly profit on A$274m revenue as its three-mine portfolio and Mandalay merger compounded.
Gold Stocks
Novo Resources (ASX:NVO) posted a narrower Q1 loss of C$685k, but the SCM dividend and a looming C$9m IMC payment tell the real story.
Have you ever heard the term 'nearology play'? This term is alluding to the following recurring rhythm: A company announces a major discovery, the market erupts, and within days every explorer holding ground within a 50‑kilometre radius is suddenly treated as the next potential winner. Investors call it nearology. Geologists tend to roll their eyes.…
Desert Metals (ASX:DM1) extended Tiogo to a 1.5km gold corridor after hitting 4m at 19.48g/t gold in Côte d Ivoire.
Great Northern Minerals (ASX:GNM) has identified two new undrilled targets at Iron Butte in Nevada with surface rock chips up to 8.3 g/t gold.
Dateline Resources (ASX:DTR) has released the Colosseum BFS showing a US$785M pre-tax NPV, 49.5% IRR and US$249M start-up capital requirement.
Asara Resources (ASX:AS1) has raised A$60 million to accelerate drilling, studies and resource growth at its Kada Gold Project.
Altitude Minerals (ASX:ATT) raised A$1.16m to advance Nevada silver and gold targets and Byrock copper gold drilling.
Regis Resources Falls 5.6% on A$10.7bn Vault Merger
Regis Resources (ASX: RRL) fell 5.6% today after announcing an all-share merger with Vault Minerals (ASX: VAU). The combined business will be worth around A$10.7 billion, making it Australia's third-largest gold producer by market value. Under the deal, Vault shareholders will receive 0.6947 new Regis shares for…
Far East Gold (ASX:FEG) lifted Idenburg resources 44% to 780k ounces as the project moves toward scoping study work.
