LA Private

February 23, 2024

Fortescue Group joins iron ore bonanza: Reports 41% profit increase

Fortescue Group (ASX:FMG) has joined the December half-year iron ore bonanza already shared by Rio Tinto, BHP, Mount Gibson, and Mineral Resources. The world’s fourth-largest iron ore exporter (after Rio, BHP, and Vale of Brazil, which reports tonight) revealed that net profit rose 41% to $US3.3 billion ($5 billion) for the six months ended December

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Japan’s stock market surges to all-time high after 34-year wait

Japan’s stock market has climbed past its all-time closing high, surpassing the record level struck during the country’s late-1980s asset bubble after a 34-year wait. The Nikkei share average rose about 2% to close at a record 39,098.68 points, above the previous intraday high of 38,957.44 points touched on the final trading day of 1989.

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Newmont initiates asset sales post Newcrest takeover

With the completion of the Newcrest takeover, Newmont (ASX:NEM), the world’s leading gold producer, is set to divest seven mines and two projects, aiming to generate $US2 billion ($3.05 billion) in cash. The Denver-based company announced its intention to divest three Canadian gold mines — Éléonore, Musselwhite, and Porcupine — along with Cripple Creek &

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Stocks of the Hour: Sierra Nevada Gold, Gold Mountain, FirstWave Cloud Technology

To register for today’s webinar click here. Sierra Nevada Gold (ASX:SNX) has intersected shallow high-grade gold at the Warrior Project, Nevada, USA. The Company completed 12 reverse circulation (RC) holes for 913m at Warrior in December 2023. Shares are trading 25 per cent higher at 10 cents. Gold Mountain (ASX:GMN) secures ground near world’s largest

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Sunshine Metals: Illuminating Queensland’s gold & base metal potential

Peter Milios: I’m Peter Milios from the Finance News Network and today I am talking with Managing Director Damien Keys from Sunshine Metals. Sunshine Metals has the ASX code SHN and a market cap of around $14 million. Damien, welcome to the network. Damien Keys: Thanks for having me. Peter Milios: Thank you. To kick things off, could

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ASX up 0.4%: Tech stocks soar

The S&P/ASX 200 increased by 0.4% on Friday at 11:30am, primarily driven by a notable 2.2% increase in the technology sector, reflecting a broader global market uptrend fueled by growing demand for artificial intelligence products. Wall Street witnessed record highs as both the S&P 500 and Nasdaq Index reached new peaks. Notably, Block, the owner

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