Stock Market

Gold Road exits race to Apollo after Ramelius sweetens its offer

Acquisition, GOR, AOP, RMS

Highlights Gold Road has withdrawn its bid to acquire gold explorer, Apollo Consolidated Limited. Ramelius Resources has revised its bid to AU$0.34 cash per share and 0.1778 shares of RRL for each share of Apollo. Gold Resources is holding 19....

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Westgold Resources’ net profit rockets 552% in 1H FY21

Westgold Resources’ net profit rockets 552% in 1H FY21

Source: Shutterstock  Summary Westgold Resources (ASX:WGX) is making waves after registering stunning 1H 2021 results. The company reported strong financial results with a significant increase in profit before income tax, revenue, and gol...

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A look at six ASX Gold penny stocks that have doubled in 1 year

A look at six ASX Gold penny stocks that have doubled in 1 year

Summary Gold had a terrific 2020, with highest prices notched in August month backed by massive demand as investors flocked towards the safe-haven investment. The prices started to tumble at the end of 2020 due to investors’ shift into US...

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Musk Effect: Where ASX-Listed Gold Miners Stand Amid Record Rally of Bitcoin

Musk Effect: Where ASX-Listed Gold Miners Stand Amid Record Rally of Bitcoin

Summary The news of Elon Musk’s investment in bitcoin pushed cryptocurrency to record highs. There is something to cheer for gold investors too. Tesla plans to invest in gold bullion and ETFs as an alternative investment measure. Gold is...

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ASX Gold Players Caught Up in Correction Spiral

ASX Gold Players Caught Up in Correction Spiral

ASX-listed gold stocks are facing some strong headwinds in the wake of an ongoing correction in gold prices across the global front. In the past few weeks, gold spot has corrected ~ 8.90 per cent from USD 1,959.60 (intraday high on 6 January 2021 to ...

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Updates From 3 ASX-Listed Gold Companies You Probably Shouldn’t Miss

Updates From 3 ASX-Listed Gold Companies You Probably Shouldn’t Miss

ASX-listed gold stocks such as St Barbara Limited (ASX:SBM), Evolution Mining Limited (ASX:EVN), West African Resources Limited (ASX:WAF) among others have hit the bourses with important notifications. Image Source: © Kalkine Group 2020 St B...

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Viking Mines (ASX:VKA) Ramps Up its First Hit project Exploration, Adds Ground Holding

Viking Mines (ASX:VKA) Ramps Up its First Hit project Exploration, Adds Ground Holding

Australian explorer, Viking Mines Limited (ASX:VKA) has further fuelled its buoyant exploration momentum with the addition of prospective geology around the First Hit gold mine. The gold-focused explorer has acquired 100% tenement P30/1126 in Weste...

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ASX Gold Miners Swaying Over High Market Prices; Perseus (ASX:PRU) & Bellevue (ASX:BGL) under Spotlight

ASX Gold Miners Swaying Over High Market Prices; Perseus (ASX:PRU) & Bellevue (ASX:BGL) under Spotlight

ASX-listed gold miners have seen an impeccable rally in recent quarters over a bull rush in gold. An unprecedented rally in gold prices amidst COVID-19 outbreak has paved the way for many ASX-listed gold miners to focus on development to boost produc...

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SI6 Metals (ASX:SI6) accelerates exploration program, shared drilling updates

SI6 Metals (ASX:SI6) accelerates exploration program, shared drilling updates

Summary SI6 has commenced RC drilling on its Gold Project in Western Australia. A total of 34 holes with a combined depth of 4,375m is planned on two prospects on the project. The Company completed the drilling of a hole with a depth of 550m a...

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Titan Minerals (ASX:TTM) Consolidation Continues, Notes from a Chartist’s Workbook

Titan Minerals (ASX:TTM) Consolidation Continues, Notes from a Chartist’s Workbook

Titan Minerals Limited (ASX:TTM) has been consolidating for a while now after showing a major rally in the recent past. TTM on Charts In the past few trading sessions, the stock has attempted volatility and a range break post the public announceme...

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Shareholders say yes to Saracen and Northern Star’s merger

Shareholders say yes to Saracen and Northern Star’s merger

Summary The merger of Saracen and Northern Star’s has received thumbs up from shareholders. The companies will now seek support at the hearing scheduled on 2 February 2021.  The merged entity would target annual production of over 2...

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