Shares in Evolution Mining (ASX:EVN) leapt by 10% on Wednesday as its March quarterly report made it clear that the acquisition of 80% of the Northparkes mine in central western NSW, and the soaring gold price, would produce a surge in earnings, especially in the 2024-25 financial year. The shares traded around $4.26 on Wednesday […]
Evolution Mining leaps 10% Read More »
“Steady as she goes,” was the reaction from Rio Tinto (ASX:RIO) management to production data that, on the whole, disappointed a little on the downside, especially for copper and somewhat for iron ore. The company said in its first quarterly report of 2024 that iron ore production fell 11% quarter on quarter to 77.9 million
Steady as she goes: Rio Tinto’s quarterly Read More »
No wonder the Reserve Bank of New Zealand left its Official Cash Rate (OCR) steady last week — the latest consumer inflation data shows that while easing, cost pressures continue to persist, as in Australia and the US. Statistics NZ said on Wednesday that the country’s Consumer Price Index rose 4% in the 12 months
NZ cost pressures persisting Read More »
Australian shares extended their losses this week, primarily driven by the indication from the US Federal Reserve that rate cuts might not occur in the near future. This contributed to further declines in the Australian stock market, compounding the losses already experienced earlier in the week. US Federal Reserve Chairman Jerome Powell confirmed concerns overnight
ASX down 0.15% near noon: Fed Chair Powell confirms rates will stay higher for longer Read More »
Firebrick Pharma (ASX:FRE) has announce that its Nasodine® Nasal Spray product is being launched in the United States today. The product will be promoted for “nasal hygiene” without any therapeutic claims. Shares are trading 82.35 per cent higher at 9.3 cents. Critical Resources (ASX:CRR) has announced 8km of highly prospective anomalies and follow-up targets at
Stocks of the Hour: Firebrick Pharma, Critical Resources, Blue Star Helium Read More »
No wonder shares in Star Entertainment Group (ASX:SGR) lost another 14% on Tuesday, following further damning disclosures during the second day of the inquiry into the company’s culture and fitness to hold a license for the Star Casino in Sydney. The shares had already dropped over 4% on Monday, as investors grappled with other news,
Further disarray at Star Read More »
By the close of trading on Wall Street, only the 30-stock Dow was in the green, as the broader market, represented by the S&P 500 and the tech-heavy Nasdaq, bowed to the continuing pressure from higher bond yields, a rising US dollar, and the growing realization that it is of no use trying to nudge
Still waiting for signs on inflation Read More »
After spending billions to secure an overpriced position in lithium, Gina Rinehart and her company, Hancock Prospecting, are now setting their sights on rare earths. Their latest move involves acquiring a stake in Lynas Rare Earths (ASX:LYC), the largest miner of this crucial material outside of China. Last week, it was revealed that Hancock and
Hancock Prospecting sets sights on rare earths Read More »
Bank of Queensland (ASX:BOQ) has cut its interim dividend after reporting a sharp slide in revenue and cash earnings for the six months to February 29. The Brisbane-based bank said the interim dividend was set at 17 cents a share, down from 20 cents a year ago, with the dividend reinvestment plan continuing (which helps
Bank of Queensland cuts interim dividend Read More »
