Good news and bad for Phillips River holders
January 25 - 31, 2012
NEW management, a new name, a share consolidation, a new development plan, and, after all that ... now a new owner in the form of Silver Lake Resources! The last of the changes could potentially represent the best hope for the shareholders of takeover target Phillips River Mining, though it’s unlikely to represent much of a windfall.
Transitional Enterprise
December 1 - 7, 2011
ANDRE Labuschagne will turn over a lot of stones in his quest to get Norton Goldfields respected, and revalued by the market, over the next 1-2 years.
Upside seen despite Teranga downslide
December 15 - 21, 2011
AFTER what can only be described as a very ordinary first year of public life as an independent gold miner, Teranga Gold’s owners will no doubt be hoping their company and its management can achieve significantly better performance in 2012.
Loyal to the cause
December 15 - 21, 2011
DEPENDING on your appetite for risk and reward, and, more pertinently the gold price, Regis Resources is the sort of gold stock that’s got a whiff of the ‘bankable’ about it.
Captain leaves ship on rougher seas
December 8 - 14, 2011
FORMER executive Ian Smith was evidently lauded by all and sundry for his stint at the helm of Newcrest Mining that ended earlier this year. And Smith may have also timed his exit from the top job perfectly with a required change of strategy now set to potentially result in headwinds that could buffet company progress on the market.
Red 5 cash could be returned to investors
December 1 - 7, 2011
ON THE verge of first production from the long-awaited Siana gold project in the Philippines, developer and owner Red 5 has indicated it will consider paying dividends out of the substantial free cash flow expected to be generated.
Resolute's new horizon
December 1 - 7, 2011
RESOLUTE Mining, Australia’s second biggest listed gold producer by output, last week provided a timely reminder of the rewards, and the risks, facing the new wave of ASX-listed gold companies with exciting projects in Africa.
Golden re-run
November 24 - 30, 2011
NOVEMBER 29: ONE of the “best three or four gold discoveries” made in Australia over the past couple of decades is set to catapult Regis Resources into the big time, with shareholders expected to be well-rewarded in the process.
Find more ounces, is Ausgold mantra
November 24 - 30, 2011
AUSGOLD may be chewing through the cash at a rate of knots, but acting managing director Bob Pett is unfazed, indicating to shareholders at the company’s AGM that there won’t be problems accessing further funds when required.
New Lihir challenge for Newcrest
November 17 - 23, 2011
NEWCREST Mining needs to increase annual production from its Lihir operation in Papua New Guinea to about 1.5 million ounces to improve its economic returns and meet the company’s internal hurdle rate.
Evolution creating the future now, says Klein
November 10 - 16, 2011
IN MANY respects the ‘dream team’, or at least the dynamic duo, of Australia’s restocked mid-tier gold space, Evolution Mining executive chairman Jake Klein and managing director Bruce McFadzean probably won’t see a lot of each other over the next 12 months.
Castle to up drilling ante
November 10 - 16, 2011
NOT wanting to run the risk of missing the current stupendous gold price environment has led managing director Michael Ivey to make a reasonably decisive change to the way Castle Minerals does business in West Africa. And there are perhaps one or two other strategic reasons behind the change too!
Cup not exactly running over
November 3 - 9, 2011
NEGATIVE geo-political winds in recent weeks have again been buffeting the market perceptions of Chalice Gold Mines and its proposed high grade gold mining venture in Eritrea, but the underlying business case continues to point to a bonanza provided the company can ride out the storm (in a teacup?)!
Little Jewell
November 3 - 9, 2011
PERENNIAL tiddler Pioneer Resources could prove a tasty morsel for a couple of companies on the lookout for just the sort of project Pioneer may have on its hands just north of Australia’s gold mining capital Kalgoorlie.
Gold keeps Exterra hopes afloat
November 3 - 9, 2011
NOVEMBER 7: WITH gold above $US1700 an ounce, John Davis is not getting flustered about investor coolness towards Exterra Resources’ unorthodox gold project, which he maintains is on track to turn the company into a producer in the first half of next year.
Strong support for Guyana gold play
October 27 - November 2, 2011
NOVEMBER 1: FURTHER proof of the promise seen in Azimuth Resources’ West Omai gold play in Guyana is evident in the significant backing achieved in a relatively strongly priced $A19.4 million capital raising announced this week.
Kentor sees path forward for low-cost gold mine
October 27 - November 2, 2011
SIMON Milroy has had to deal with some very disgruntled Kentor Gold shareholders in recent times due to problems with five residents in a town of five thousand or so in the Kyrgyz Republic, but good times could soon be back at Kentor according to noises the company has been making about development of what will be one of the lowest cost gold operations on the planet.
Evolution ready for stage two
October 27 - November 2, 2011
OCTOBER 27: THE managing director of new Australian gold mid-tier Evolution Mining is relishing the prospect of filling out a strong, multi-mine production base over the next 18 months, with possible acquisitions “in our time zone” and heavy exploration spending likely to be less prominent features of the company’s early life than some might have anticipated.
Cortona confident about final hurdle
October 27 - November 2, 2011
OCTOBER 27: CORTONA Resources boss Peter van der Borgh commended a contract mining alliance formula to his junior miner peers as a likely future “model … for owners of smaller projects”, but was commensurately strident in his criticism of the New South Wales Land and Environment Court – or more particularly some who use it.
Didipio still underrated
October 27 - November 2, 2011
OCEANAGOLD had a tough quarter in New Zealand but analysts still like the over-arching investment story, with the little apparent value attributed by the market for Didipio the obvious starting point.
