The decision by Pandora, the world’s largest jewelry maker, to stop using mined gold and silver won’t significantly affect gold demand. However, it will certainly impact the latter. Pandora, which claims to be the world’s largest jeweler by the number of products sold, has announced that it will now exclusively manufacture its products using recycled […]
Pandora’s shift to recycled metals Read More »
A day after IGO (ASX:IGO) revealed a production cutback at the massive Greenbushes lithium mine in southwest WA and introduced a revised pricing structure to lower the effective selling price, one of its mine partners, the US giant Albemarle, reportedly laid off over 300 employees worldwide. The IGO announcement stated that the new pricing mechanism
Albemarle cuts 300+ jobs amid Greenbushes mine cutback and price changes Read More »
The S&P 500 rose Monday and headed for a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. This week marks the busiest slate of the earnings season, with 19 per cent of the S&P 500 reporting earnings. Mega-cap tech names Microsoft, Apple, Meta,
S&P 500 soars to record high amid mega-cap tech earnings and Fed decision Read More »
Australian sharemarket extended its winning streak for the sixth consecutive day, with the S&P/ASX 200 rising 0.3% to 7578.4 points, primarily driven by a 1.8% surge in energy stocks due to rising oil prices amid escalating tensions in the Middle East, in which there were two separate attacks, where Iran-backed militants killed US troops in Jordan
ASX closes 0.3% higher: Energy stocks surge amid rising tensions in middle east Read More »
Just as China was attempting to stabilise its fractured property sector, a Hong Kong court has dealt a blow by ordering the troubled developer, China Evergrande, to be wound up. The order, issued on Monday, came after the court concluded that the developer was unable to devise a restructuring plan satisfactory to international creditors, despite
Hong Kong court orders liquidation of China Evergrande Read More »
In January, investors had two unsettling encounters with Gold Road Resources (ASX:GOR). First, they received a disappointing quarterly update early in the month regarding the performance of the company’s 50% owned Gruyere gold mine in WA. Then, on Monday, the detailed data for the December quarter and the full financial year was released, delivering another
Gold Road Resources faces investor fears Read More »
IGO (ASX:IGO) has confirmed that the huge Greenbushes lithium mine will cut output because customers have not been buying as much as they did earlier in 2023. IGO has clearly separated its lithium update from what will be bad news, and possibly another big write-down in the value of its nickel business in its quarterly
IGO cuts pricing and output Read More »
Emma Fisher provides her perspective on how the Australian equity market played out in 2023 and the outlook for the year ahead. Emma also discusses movements within the portfolio and the approach to position sizing.
Airlie Quarterly Update – January 2024 Read More »
The Australian sharemarket exhibited mixed performance, as gains in energy stocks driven by rising oil prices due to escalating Middle East tensions were offset by a 1.3% decline in tech stocks, reflecting disappointing earnings reports from US tech giants, including a significant drop in Tesla’s shares. Additionally, the materials sector faced a 0.5% decline, primarily
ASX up 0.06%: Oil prices rise as Middle East tensions escalate Read More »
Mako Gold (ASX:MKG) announces that geological mapping and rock chip sampling has been ongoing throughout December and into January at the Company’s 90% owned flagship Napié Project. In addition, the Company has significantly progressed its due diligence on the proposed accretive Goldridge transaction. Shares are trading 38.89 per cent higher at 1.25 cents. Cobre (ASX:CBE)
Stocks of the Hour: Mako Gold, Cobre, icetana Read More »
