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Highlights Gold Road has withdrawn its bid to acquire gold explorer, Apollo Consolidated Limited.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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Why Q2 FY2021 Has Been a Transformative Quarter for Red River Resources (ASX:RVR)?

Why Q2 FY2021 Has Been a Transformative Quarter for Red River Resources (ASX:RVR)?

Red River Resources Limited (ASX:RVR) has reported a transformative December 2020 quarter with the production finally commencing at its Hillgrove Gold Mine in New South Wales. The first ore through the plant was processed on 29 December 2020, and now...

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Will gold retain its safe haven glitter in 2021?

Will gold retain its safe haven glitter in 2021?

Summary Gold has been one of the top performers of 2020 with spot price reaching a record high of USD 2,073.41/oz. A huge capital inflow from gold-backed ETFs and large institutional purchases fueled the gold rally. Gold spot price is hovering...

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Three ASX listed large-cap gold stocks to watch in 2021

Three ASX listed large-cap gold stocks to watch in 2021

Summary Australia houses some of the largest gold mines on earth. Aussie gold production is estimated to cross 384 tonnes for the year 2020-21. The Department of Industry, Science, Energy and Resources report revealed that gold prices are expe...

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Opportunity: Kaiser Reef’s seeks Re-listing on ASX

Opportunity: Kaiser Reef’s seeks Re-listing on ASX

Summary Kaiser Reef to raise another $7.5 million via the issue of 25 million shares at $0.3 per share. The gold explorer seeks re-admission to the ASX official list, equity issue includes both priority and public offers. Kaiser acquiring the ...

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How is the Gold Market Unfolding for ASX-listed Gold Stocks in 2021?

How is the Gold Market Unfolding for ASX-listed Gold Stocks in 2021?

Gold has been one of the top-performing commodities of the year 2020 with prices of spot climbing to a record high of USD 2,073.41 per ounce in August 2020 over panic in the market and plunging interest rates across the globe. Image Source : &copy...

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Troy Resources (ASX:TRY) on the right path to growth at Karouni

Troy Resources (ASX:TRY) on the right path to growth at Karouni

Iconic Gold producer, Troy Resources Limited (ASX:TRY), continues to push forward the gold operations at the wholly-owned Karouni gold project in Guyana. The ASX-listed gold miner holds a strong background of developing 5 world-class mining operati...

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Market Celebrates Middle Island Resources’ (ASX:MDI) Maiden Copper Discovery, Shares zoom 20%

Market Celebrates Middle Island Resources’ (ASX:MDI) Maiden Copper Discovery, Shares zoom 20%

Summary Middle Island Resources Limited (ASX:MDI) has announced a maiden copper discovery within EL32297 at Barkly super-project - the Crosswinds prospect. The Crosswinds discovery provides early support for IOCG potential of the Barkly super-p...

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A Sneak Peek at Musgrave Minerals (ASX:MGV) Share Purchase Plan

A Sneak Peek at Musgrave Minerals (ASX:MGV) Share Purchase Plan

Summary Musgrave Minerals (ASX:MGV) has opened a Share Purchase Plan offer to its eligible shareholders for raising $2 million.  Musgrave recently secured $16 million from the Placement of ordinary shares to institutional and sophisticated...

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Troy Resources successfully wraps up share placement, prospectus lodged

Troy Resources successfully wraps up share placement, prospectus lodged

Summary Troy issues 25 million shares under the second tranche of placement on 16 December at the issue price of $0.12 a share. The gold miner has lodged a prospectus with ASIC and ASX, enabling all shareholders from the placement to sell or tr...

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Exciting Bullseye Gold Targets, Krakatoa Resources (ASX:KTA) Prioritises Rand

Exciting Bullseye Gold Targets, Krakatoa Resources (ASX:KTA) Prioritises Rand

Summary Krakatoa Resources had previously concluded a detailed aeromagnetic survey at the Rand Project, which revealed several priority targets. Two shallow government drill holes delivered promising gold assays and confirmed the prospectivity ...

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