Metal & Mining Stocks

Rio Tinto squeezes its iron ore shipment forecast for 2021

Rio Tinto

Highlights Rio Tinto Group (ASX:RIO) has reduced its production forecast for iron ore shipments for 2021. The downgrade in the shipments of the company has put Rio on course to lose its spot as the world’s leading iron ore producer. Iron...

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Ausdrill shares soar high on report justifying Barminco acquisition

Ausdrill shares soar high on report justifying Barminco acquisition

Ausdrill shares jumped 9.177% to $1.725 on 4 September 2018. Thanks to ongoing Barminco acquisition transaction that will create Ausdrill to become the Australia?s second largest mining services company. Today Ausdrill Limited (ASX: ASL) released no...

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Evolution joins Andromeda in gold exploration project

Evolution joins Andromeda in gold exploration project

Evolution Mining Limited has entered into an earn-in joint venture agreement with Andromeda Metals Limited (APN) over their wholly owned Drummond Gold Exploration Project located in north Queensland. Close to EVN?s Mount Carlton operations, Drummond...

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Northern Star successfully raises $175 million to fund Pogo acquisition

Northern Star successfully raises $175 million to fund Pogo acquisition

Following to the trading halt announced on 30 September 2018, Northern Star?s stock took a leap of 18.10% to $8.220 in early trade today as the company announced successful completion of $175 million institutional placement. Northern Star Resources ...

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Ramelius Resources Limited (ASX: RMS)- Ramelius declared higher profit on record gold production

Ramelius Resources Limited (ASX: RMS)- Ramelius declared higher profit on record gold production

Ramelius Resources net profit after tax increased 74% to $30.8 million on record production of 208,118 ounces of gold, up 66% on FY17, for the full year ended 30 June 2018. The group reported stand-out performance for the full year posting 73% growt...

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Sandfire’s profit grew 59% on the back of copper price gains

Sandfire’s profit grew 59% on the back of copper price gains

Sandfire Resources (ASX: SFR) NL today announced annual results for the 12 months to 30 June 2018. Net profit after tax attributable to members massively increased by 59% to $123.0 million, driven by high copper price and strong margins at DeGrussa C...

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Argosy Minerals Limited (ASX: AGY)- Argosy added 9 hectare pond to Stage 2 Rincon Lithium Project

Argosy Minerals Limited (ASX: AGY)- Argosy added 9 hectare pond to Stage 2 Rincon Lithium Project

Argosy Minerals Limited has announced stage 2 evaporation ponds progress at its Rincon Lithium Project posting additional 9-hectare pond. The project is in the ?Lithium Triangle? in Salta Province of Argentina. The company has completed construction...

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Perseus Mining Limited (ASX: PRU)- Perseus Mining Limited narrowed down its losses in FY18

Perseus Mining Limited (ASX: PRU)- Perseus Mining Limited narrowed down its losses in FY18

West African gold producer Perseus Mining Limited posted net loss after tax of $24.9 million for FY18 compared to a net loss after tax of $83.1 million in the previous financial year. There has been total production of 255,916 ounces of gold in the ...

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Independence Group NL (ASX: IGO)- IGO announced tremendous growth in profit ahead of Nova acquisition

Independence Group NL (ASX: IGO)- IGO announced tremendous growth in profit ahead of Nova acquisition

Independence Group?s net profit after tax increased 210% to $52.7 million in FY18, driven by significant contribution from Nova operation in its first year of commercial production. Underlying EBITDA grew 125% to $338.6 million for the period ended ...

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CIMIC Group Limited (ASX: CIM)- CIMIC bags $140M Philippines tollway project

CIMIC Group Limited (ASX: CIM)- CIMIC bags $140M Philippines tollway project

CIMIC Group?s construction company Leighton Asia has been selected by NLEX Corporation to construct tollway project in the Philippines for $140 million. This project includes the construction of 2.6Km dual elevated tollway to connect North Luzon Expr...

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Orocobre Limited (ASX: ORE) Rises Up - Positions itself as a low cost, high margin producer

Orocobre Limited (ASX: ORE) Rises Up - Positions itself as a low cost, high margin producer

Mining company, Orocobre (ASX: ORE) announced financial result for the year ended 30 June 2018, with record underlying net profit of US$25.7 million compared to US$13.8 million in FY17. Statutory net profit after tax was US$1.9 million after adjusti...

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