Copper company 29Metals (ASX:29M) listed in 2021 with a capitalisation of $2bn and is now capped at ~$400m, a decline capped off with this mornings >30% decline after the latest update on its Golden Grove operations. The question we are exploring in this article is: How did this happen?
What are the Best ASX Stocks to…
Mining Stocks
Despite surging gold prices, there are undervalued ASX gold mining stocks to be found on our local bourse.
Several miners (i.e. producers, not explorers or even developers) now trade on forward P/E multiples that would normally imply operational distress, yet the underlying fundamentals for a subset of them are far more robust. It is worth noting…
Yancoal's US$2.4bn Kestrel Deal: Opportunity or Risk?
Yancoal (ASX:YAL) dropped 2.35% to A$7.06 on Wednesday, falling from a previous close of A$7.23, after the company announced a binding agreement to acquire 100% of Kestrel Coal Group, which holds an 80% stake in the Kestrel Coal Mine in Queensland for up to US$2.4 billion (approximately A$3.4…
Honeymoon guidance cut to 1.40-1.45M lbs as weather and infrastructure delays compound
Boss Energy Limited's (ASX:BOE) Honeymoon uranium operation in South Australia has had a difficult quarter, and the company has now formally revised its FY26 production guidance downward. What was previously a 1.6M lbs target has been reduced to a range of 1.40M to…
St Barbara Falls Despite Touquoy Approval
St Barbara (ASX:SBM) delivered two pieces of good news this week. It received approval to restart its long-dormant Touquoy gold mine in Canada, and its Simberi operation in Papua New Guinea posted its best production quarter in some time. So why are shares still falling? After a roughly 150%…
Rio Tinto Sparks Boron Bidding War
Rio Tinto (ASX:RIO) is attracting serious attention this week after Bloomberg reported that the mining giant is preparing to sell its California boron operations in a deal that could fetch up to US$2 billion. More than a dozen potential buyers have already circled the assets, with binding offers expected…
Many investors may prefer stock market sectors with high margins over those with low margins. Profit margins are one of the simplest signals investors reach for when assessing business quality, yet they are also one of the most frequently misread.
It is tempting to treat margins as a scoreboard and just say high is good and…
Whitehaven Coal cut debt costs, but coal prices still matter
Whitehaven Coal (ASX:WHC) fell 3.2% last Friday (10 April) to close at A$8.12, dipping as low as A$7.81 intraday, despite announcing a A$853m refinancing deal at approximately 6% per annum. In just one week, Whitehaven settled its US$500m deferred BMA acquisition payment and secured a…
Fortescue Falls on Diesel Supply Fears
Fortescue (ASX: FMG) shares fell 1.32% to A$20.26 in Friday's session as the mining giant found itself caught between two competing headlines. On one hand, the company is pushing harder than ever on its Pilbara renewable energy rollout. On the other hand, a worsening global diesel supply crunch is…
ASX Mining Stocks Under Pressure as Iron Ore Falls
Iron ore has slipped to around US$103 per tonne on the Singapore Exchange, testing levels not seen in over a month, as Chinese ports hold near-record amounts of the steel-making ingredient- 177.5 million tonnes across 47 major facilities. For investors in BHP (ASX:BHP), Rio Tinto (ASX:RIO)…
