Despite solid production and sales performance for the six months ending in June, Yancoal Australia (ASX:YAL) is facing a 25% revenue decline due to weaker global prices. Although the coal miner anticipates a revenue slide of just over A$1 billion, it maintains its sales guidance for 2024 at 35 to 39 million tonnes. In its […]
Yancoal Australia faces 25% revenue drop Read More »
Netflix has again surprised doubters by revealing better-than-expected numbers for its second quarter. The news once again confirmed that in global media, there’s Netflix, and then daylight between it and its flock of rivals, especially when it comes to making a buck out of the business. It added more global subscribers and saw its advertising
Netflix defies doubters with strong Q2 performance Read More »
On Thursday, US stocks declined as investors continued to reduce positions in high-flying technology stocks and took profits from recent gains in other sectors. The Dow Jones Industrial Average fell 533.06 points, or 1.29 per cent, to close at 40,665.02. The S&P 500 decreased by 0.78 per cent to finish at 5,544.59, while the tech-heavy
Major indexes fall as investors continue tech sell-off Read More »
Evolution Mining (ASX:EVN) is poised for a stellar year, despite missing its gold production guidance. The surge in global gold and copper prices, augmented copper tonnage from acquiring 80% of the Northparkes mine, and stringent cost controls are set to propel the company’s revenue and earnings to new heights. Additionally, recent exploration at the Ernest
Evolution Mining poised for strong growth Read More »
More than 50,000 people found work last month, the Australian Bureau of Statistics (ABS) said on Thursday. The news from the June labour force report immediately prompted the “rate rise looms” crowd in the markets and business press to call for a rate increase at the August meeting of the Reserve Bank. In addition to
Australian labour market sees robust growth Read More »
Miramar Resources (ASX:M2R) has announced high-grade results from sampling completed during an initial reconnaissance field trip to the company’s new Chain Pool project in the Gascoyne region of Western Australia. These include assay results up to 5.48 per cent copper, 54.5 per cent lead and 73.48 grams per tonne of gold. Shares are trading 125 per
Stocks of the Hour: Miramar Resources, Noronex, Resouro Strategic Metals Read More »
