August 2023

De Grey Mining (ASX:DEG) announced that new drill results from the Diucon and Eagle deposits at its major Hemi prospect in WA’s Pilbara have increased the likelihood of a larger-than-expected open-pit mining operation. The Diucon and Eagle finds are located to the west of the main Hemi deposit. De Grey stated that the latest results […]

Allkem (ASX:AKE, TSX:AKE) has updated their James Bay Lithium Mineral Resource in Québec, Canada by 173% to 110.2 million tonnes. Managing Director and CEO, Martin Perez de Solay said, “James Bay is now one of the largest spodumene lithium assets and clearly has the potential to grow even further as the boundaries of mineralisation are

At noon, the S&P/ASX 200 is 0.13 per cent lower at 7,347.80. Investors are processing a series of corporate earnings reports. The market was impacted by a decline in energy and mining stocks, which counteracted the gains made in the consumer discretionary sector. Notable events included BlueScope Steel (ASX:BSL) experiencing a 3.4% decrease due to

Shareholders of Baby Bunting (ASX:BBN) are set to receive a reduced final dividend for the 2022-23 financial year, as the company unveiled a nearly 50% decline in net profit due to vanishing sales growth and pressure on profit margins. The company informed the ASX on Friday that shareholders would be granted a final dividend of

Newcrest Mining (ASX:NCM), the country’s largest gold miner, is poised to be acquired by Newmont in a US$19 billion all-paper deal. The company’s transition away from independence is marked by a lacklustre performance, as it reported a 10.8% decline in annual profits on Friday. In what serves as its final financial report, Newcrest’s directors attributed

Furniture retail giant Nick Scali (ASX:NCK) has exceeded market expectations by achieving a remarkable 26.1% increase in net profit for the full fiscal year, reaching a total of $101.1 million. This success has been attributed to the company’s enhanced delivery services to customers and the strategic inclusion of the Plush-Think Sofas business, both of which

Tapestry, the US-based parent company of lifestyle brands Coach and Kate Spade, is set to acquire the parent company of Versace and Michael Kors, Capri, in a momentous US$8.5 billion takeover, giving rise to a new global fashion behemoth poised to challenge European fashion giants. In response to the acquisition announcement, Capri’s shares experienced a

Chinese e-commerce giant Alibaba has unveiled an unexpected surge of 14 percent in year-on-year quarterly sales, defying recent economic challenges and deflationary pressures. As a pivotal player in China’s expansive digital economy and the operator of a prominent online shopping platform, Alibaba’s performance has come to symbolise the pulse of domestic consumption, which has shown