July 29, 2024

Australian Foundation Investment Co (AFIC), the country’s largest listed investment company, has reported solid financial results for the 2023-24 financial year, while also revealing ambitious plans for international expansion. The Melbourne-based firm posted a net profit of $296.4 million for the year ended June 30, a modest 4% decline from the previous year. This was […]

Despite a less than exciting lift in production guidance for 2024-25, Ramelius Resources (ASX:RMS) shares rose 3% at one stage yesterday as world gold prices surged during Asian trading, once again reclaiming the US$2,400 level. Ramelius’ quarterly report and new guidance overshadowed news that the company had rejected the $300 million Stage 3 development at

On the face of it, Brazilian iron ore miner Vale saw its second-quarter net profit soar to US$2.77 billion in the three months to June as it boosted production and sales and took advantage of firmer iron ore and copper prices. Net earnings were triple those recorded in the June quarter of 2023 and US$1

It has been a favorable month for America’s smallest stocks as investors seek likely beneficiaries of potential interest rate cuts and reconsider investments in the largest U.S. corporations. The Russell 2000 index of small-capitalization stocks has risen 9%, while the S&P 500 blue chips have seen slight declines following recent drops. At the lower end

Four of the so-called Magnificent Seven technology stocks that have driven the US market rally for the past nine months ended the week in correction territory, having fallen by more than 10 percent from recent peaks. Two others — Microsoft and Amazon — are nearing the double-digit declines that define a correction. Investors are now

Investors remained cautious as markets hovered near flat ahead of some key big tech earnings numbers due later this week and the Fed policy statement due out on Wednesday US time. The S&P 500 managed to stay in the green adding 0.08 per cent and the Nasdaq eked out a 0.07 per cent gain. The

Diatreme Resources (ASX:DRX) is an emerging Australian producer of mineral and silica sands based in Brisbane. Our key projects comprise the Northern Silica Project and Galalar Silica Sand Project in Far North Queensland, located next to the world’s biggest silica sand mine at Cape Flattery.  

Sunstone Metals (ASX:STM) is an ASX-listed mineral exploration company with two world-class gold and copper assets in Ecuador. Sunstone’s two porphyry projects are the Bramaderos Gold-Copper Project and the El Palmar Gold-Copper Project. 

Aurelia Metals (ASX:AMI) is an Australian mining and exploration company with a highly strategic landholding, and two operating mines in New South Wales (NSW). The Peak Mine is in the Cobar Basin in western NSW, and the Dargues Mine is in south-eastern NSW. The Hera mining operation, also located in the Cobar Basin, has ceased

Arrow Minerals (ASX:AMD) is actively exploring the Simandou North Iron Project (SNIP) in Guinea, West Africa with the intention of discovering and developing a direct shipping grade iron mining operation as soon as possible. The Company intends to take full advantage of the multi-user rail infrastructure currently being developed for the benefit of the Winning