October 2023

On Thursday, the sharemarket experienced a rebound, influenced by a relief rally inspired by Wall Street. This rally was prompted by softer US jobs data, which temporarily alleviated concerns about high interest rates. However, the gains in the market were limited by a sharp decline in crude oil prices overnight. The Nasdaq index surged by […]

Westgold Resources (ASX:WGX) reported a strong start to the 2023-24 financial year, with production data for the three months ending in September. The company produced 63,104 ounces of gold from its Murchison and Bryah Operations in Western Australia during this period, with an average gold sale price of $2,888/oz. While production fell short by around

The ASX has seen a recovery in the afternoon, building on its earlier gains, as energy stocks managed to recover somewhat after a sharp drop in oil prices overnight. The S&P/ASX 200 is trading 0.51 per cent higher at 6,925.50 in a volatile trading session. This rebound followed three consecutive sessions of losses, with the

Genesis Minerals (ASX:GMD) acquired the Leonora assets, primarily the Gwalia mine, from St Barbara in July after a months-long takeover process. The contribution for the September quarter marks their initial impact. During the quarter, Genesis reported gold production of 34,066 ounces (oz), surpassing the recent 120,000–130,000 ounce production rate for Gwalia on a stand-alone basis.

Vintage Energy (ASX:VEN) announces an additional two-year gas sale under the master gas supply agreement for the Odin gas field. The joint venture parties have agreed and signed terms with Pelican Point Power for the supply of gas from 1 January 2025 to 31 December 2026. Shares are trading flat at 2.7 cents. Rumble Resources

In August, Australia’s trade surplus expanded to $9.6 billion, surpassing expectations, as exports increased by 4 percent, primarily led by gold, while imports declined by 0.4 percent, largely due to a decrease in industrial transport equipment. At noon, the S&P/ASX 200 is 0.08 higher at 6,895.8. The SPI futures are pointing to a rise of

Shareholders in Newcrest Mining (ASX:NCM) will receive a fully franked special dividend of US$1.10 ($A1.58) per share as part of the takeover deal with Newmont. The actual Australian dollar amount will be determined on October 18, with the dividend scheduled for payment to shareholders on the following day, October 19. The payment of this special

In a filing with the US Securities and Exchange Commission ahead of its third-quarter report later this month, Exxon Mobil has signaled that oil companies, large and small around the world, will report significant profit gains due to a 30% jump in prices in the September quarter. The company anticipates a $1 billion earnings boost