Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australia economic events. Investment markets and key developments over the past week Global shares were mixed over the last week. US shares fell on the back […]
The crunch in commercial real estate is rippling across Australian property, banking, and investment sectors. Earlier this week, the ratings group Moody’s raised questions about the level of exposure several banks have to commercial real estate (CRE), either downgrading their ratings or warning of possible future actions. This sent shares in dozens of banks in
The commercial real estate crunch Read More »
Westgold (ASX:WGX) has finally given the green light to resume mining operations at the iconic Great Fingall mine near Cue in the Western Australian goldfields. Having made a significant discovery earlier this year regarding the nature and location of gold mineralisation at Great Fingall, Westgold has been considering restarting mining activities. The Great Fingall mine
Westgold revives historic Great Fingall mine and adopts sustainable power Read More »
The Jaguar deposit, discovered in 2002, became an underground operation in 2007 under Jabiru Metals’ management. Following various ownership changes, it ended up under Aeris Resources (ASX:AIS) in July of the previous year. Exactly a year later, on 5th July, Aeris confidently conveyed to the market the “significant potential to increase the resource at the
Reassessing Jaguar Mine: Aeris Resources’ mining dilemma Read More »
Red 5 (ASX:RED) has reported a fourth consecutive month of increasing production from its King of the Hills mine, located in the Leonora region of WA’s Eastern Goldfields. Simultaneously, Red 5 has released findings from an underground drilling campaign at the mine, outlining additional reserves that will be extracted over the next year or so.
Increasing production and promising drilling results at Red 5’s King of the Hills mine Read More »
De Grey Mining (ASX:DEG) announced that new drill results from the Diucon and Eagle deposits at its major Hemi prospect in WA’s Pilbara have increased the likelihood of a larger-than-expected open-pit mining operation. The Diucon and Eagle finds are located to the west of the main Hemi deposit. De Grey stated that the latest results
De Grey Mining announces new drill results Read More »
11 Aug 2023 – A snapshot of the stocks on the move, featuring Allkem (ASX:AKE), Cosmos Exploration (ASX:C1X) and Nick Scali (ASX:NCK).
Stocks of the Hour: Allkem, Cosmos Exploration, Nick Scali Read More »
Allkem (ASX:AKE, TSX:AKE) has updated their James Bay Lithium Mineral Resource in Québec, Canada by 173% to 110.2 million tonnes. Managing Director and CEO, Martin Perez de Solay said, “James Bay is now one of the largest spodumene lithium assets and clearly has the potential to grow even further as the boundaries of mineralisation are
Stocks of the Hour: Allkem, Cosmos Exploration, Nick Scali Read More »
At noon, the S&P/ASX 200 is 0.13 per cent lower at 7,347.80. Investors are processing a series of corporate earnings reports. The market was impacted by a decline in energy and mining stocks, which counteracted the gains made in the consumer discretionary sector. Notable events included BlueScope Steel (ASX:BSL) experiencing a 3.4% decrease due to
ASX down 0.13% at noon: Investors process a series of corporate earnings Read More »
Shareholders of Baby Bunting (ASX:BBN) are set to receive a reduced final dividend for the 2022-23 financial year, as the company unveiled a nearly 50% decline in net profit due to vanishing sales growth and pressure on profit margins. The company informed the ASX on Friday that shareholders would be granted a final dividend of
Baby Bunting confronts profit decline, trims dividend amid sales struggle Read More »
