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Jake Klein, executive chair of Evolution Mining (ASX:EVN), one of Australia’s last remaining globally significant gold miners, appears to be a reluctant gold ‘bull,’ if his remarks at Thursday’s annual meeting in Sydney are any indication. Lamenting the darker turn of global events, rising debt and deficits, high inflation, and growing uncertainty, Klein pointed out […]

Ark Mines (ASX:AHK) announced that the first pass water-based beneficiation test work of the Sandy Mitchell Rare Earth sands has produced a high commercial grade rare earth concentrate with excellent recoveries. In response to the news, Executive Director Ben Emery said, “the samples had no mechanical or chemical preparation processing before the initial pre-screen to

At noon, the S&P/ASX 200 is 0.40 per cent higher at 7,057.50. The gains come from Energy and Utilities. Energy shares saw a rebound, bouncing back from the previous day’s decline. Despite the drop in crude oil prices, energy stocks remained resilient as investors anticipated the upcoming online OPEC+ meeting next week. Angola and Nigeria advocated

24 Nov 2023 – A snapshot of the stocks on the move, featuring Ark Mines (ASX:AHK), Aurumin (ASX:AUN) and Krakatoa Resources (ASX:KTA).

European stocks closed slightly higher on Thursday as investors continue to seek direction with US markets closed. The pan-European Stoxx 600 index closed up 0.3 per cent. Oil and gas stocks pulled ahead with a 1.4 per cent gain despite the continued fall in oil prices after OPEC delayed its policy-setting meeting. The organisation of

In November, Australian manufacturing activity continued to decline, with the flash composite output index dropping to 46.4, marking its lowest level in eight years, excluding pandemic lockdowns. However, experts believe that this indicates a soft landing for the economy rather than a hard one, aligning with the Reserve Bank of Australia’s expectations. At the closing

Today’s theme is all about the fall in energy stocks due to the falling price of crude oil. The falling prices are a result of disagreements within OPEC+ causing a delay in their meeting, diminishing prospects of production cuts by the Saudi-led alliance. Concurrently, US data showed an uptick in oil stockpiles. The S&P/ASX 200