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Metal and mining
Why is Newmont Corp (ASX:NEM) Shining Bright on ASX Today?
July 25, 2024 02:51 PM AEST| By Team Kalkine MediaInvestors in the ASX 200 have set their sights on Newmont Corp (ASX: NEM) today, driving its share price to new heights. The gold stock, part of the S&P/ASX 200 Index, closed yesterday at AU$71.40 but has surged to AU$72.27 per share by midday Thursd...
Fortescue (ASX:FMG) Anticipates Increased Iron Ore Shipments for FY25
July 25, 2024 10:35 AM AEST| By Team Kalkine MediaFortescue Metals Group (,ASX:FMG,), the world’s fourth-largest iron ore producer, reported a record 20% sequential increase in shipments during the fourth quarter of FY24. The company shipped 50.8 million tonnes (Mt) of iron ore, surpassing the previ...
Fortescue (ASX:FMG) Posts Record Iron Ore Shipments and Outlines Ambitious FY25 Plans
July 25, 2024 10:34 AM AEST| By Team Kalkine MediaFortescue Ltd (,ASX:FMG,) has reported a record-breaking performance in the fourth quarter of FY24, achieving iron ore shipments of 53.7 million tonnes (MT). This impressive feat underscores the company's robust operational capabilities and strong de...
Lynas Rare Earths (ASX:LYC) Falls Short of Production Expectations, Citi Cuts FY25 Profit Forecast by 16%
July 24, 2024 04:30 PM AEST| By Team Kalkine MediaAnalysts at Citi have reported that Lynas Rare Earths (ASX:LYC), Australia's prominent rare earths miner, fell short of their expectations in June production for neodymium and praseodymium, the company's primary products, by 16%. Despite concerns abo...
Lynas Share Price Under Spotlight After this Month Update
July 24, 2024 03:18 PM AEST| By Team Kalkine MediaLynas Rare Earths Ltd,(ASX:LYC),has recently come under the spotlight with the release of its quarterly report for the period ending June 2024. As a leading player in the rare earths sector, Lynas is integral to the production of essential components...
Strong Sales Growth Propels Pilbara Minerals' (ASX: PLS) Q4 Revenue Up by 58%
July 24, 2024 01:52 PM AEST| By Team Kalkine MediaPilbara Minerals Ltd (ASX: PLS) has exceeded market expectations with its robust performance in the fourth quarter, driving its share price up by 5% to AU$3.03 as of Wednesday’s afternoon trade. The company's quarterly update for the period ending 30...
Regis Resources (ASX: RRL): A Golden Opportunity for Investors, States Bell Potter
July 23, 2024 04:48 PM AEST| By Team Kalkine MediaWith gold prices soaring to record highs this month, investors are increasingly seeking opportunities within the ASX 200 for exposure to the precious metal. Among the standout contenders is Regis Resources Ltd (,ASX: RRL,), touted by analysts at Bell...
Regis Resources (ASX: RRL) Faces Decline Amid Analyst Adjustments
July 23, 2024 02:16 PM AEST| By Team Kalkine MediaRegis Resources (,ASX: RRL,), a prominent gold producer in Australia, witnessed a decline in its shares, falling by as much as 2.4% to AU$1.87, marking its lowest point since July 10. This downward trend signals the stock's fourth consecutive day of...
Lynas Rare Earths (ASX: LYC) Faces Investor Scrutiny Amid Revenue Decline and Production Setbacks
July 23, 2024 12:58 PM AEST| By Team Kalkine MediaLynas Rare Earths (,ASX: LYC,), a key player in the rare earth mining sector, saw its shares tumble as much as 1.4% to AU$5.96 on Tuesday’s afternoon trade. The decline follows the company's disappointing fourth-quarter financial results, which revea...
Weak Chinese Demand Impacts Iluka Resources (ASX:ILU)
July 23, 2024 10:27 AM AEST| By Team Kalkine MediaIluka Resources (,ASX:ILU,), a critical minerals producer, is facing challenges due to low demand from China. The company's latest quarterly report highlights the underperformance of the Chinese ceramics sector, attributed to the subdued real estate...
Whitehaven Coal (ASX: WHC) Faces Downgraded Price Targets Amid Production Concerns
July 22, 2024 03:54 PM AEST| By Team Kalkine MediaWhitehaven Coal Ltd (,ASX: WHC,) has seen its price targets downgraded by major analysts due to potential near-term production headwinds. Macquarie analysts have reduced their price target to AU$8.75 per share, citing concerns over upcoming productio...
South32 (ASX: S32) Faces Share Price Drop Following Quarterly Update
July 22, 2024 03:47 PM AEST| By Team Kalkine MediaThe share price of South32 Ltd (,ASX: S32,) experienced a sharp decline on Monday morning, falling by 13.60% to AU$2.96 apiece. This downturn follows the release of the company's fourth quarter and full-year update, which provided insights into its r...
Iron Ore Price Decline and Its Impact on Major Miners
July 22, 2024 02:35 PM AEST| By Team Kalkine MediaIron ore remains a cornerstone of Australia's economy, particularly in Western Australia where it significantly influences both employment and government royalties. Despite a strong performance in 2023, recent trends indicate a downturn, with prices...
South32 (ASX: S32) Faces Impairment Charges and Production Challenges
July 22, 2024 10:35 AM AEST| By Team Kalkine MediaSouth32 Ltd (,ASX: S32,),, the diversified mining company, announced on Monday that it will recognize an impairment charge of AU$554 million for its Worsley Alumina operations. This comes in response to the Western Australia Environmental Protection...
Coles Group Ltd and BHP Group Ltd Are Two ASX Shares to Watch
July 20, 2024 01:03 PM AEST| By Team Kalkine MediaIn recent market movements, Coles Group Ltd has experienced an 8.8% increase in its share price since the beginning of 2024, while BHP Group Ltd is currently about 16% above its 52-week low.,Coles Group Ltd (,ASX: COL,),Coles, founded in 1914 and hea...
Australian Mining Sub-Index Falls on Friday. Here’s Why.
July 19, 2024 10:59 AM AEST| By Team Kalkine MediaThe Australian mining sub-index (XMM) experienced a significant decline, slipping as much as 2.2% to reach its lowest level since November 2022. This downturn is largely attributed to the recent drop in copper prices, which have hit three-month lows....
Jefferies Raises Evolution Mining (ASX: EVN) Price Target to AU$4.70 on Quarterly Production
July 19, 2024 10:10 AM AEST| By Team Kalkine MediaIn a recent update, analysts at Jefferies have increased the price target for Australia's Evolution Mining (,ASX: EVN,) to AU$4.70 from the previous AU$4.20. This adjustment comes on the back of impressive quarterly production results.,Strong Quarter...
Australian Mining Stocks Decline Amidst Iron Ore Price Retreat
July 18, 2024 05:52 PM AEST| By Team Kalkine MediaAustralian mining stocks, represented by the XMM, fell by as much as 0.7% on Thursday, hitting their lowest point since 11 July 2024. This marks the third consecutive day of decline for the sector.,Economic Concerns from China Impact Iron Ore Prices,...
Investors Propel Evolution Mining (ASX: EVN) Shares Amidst Strong Quarterly Performance
July 18, 2024 05:50 PM AEST| By Team Kalkine MediaOn Thursday, Evolution Mining Ltd (,ASX: EVN,) saw its shares surge significantly, outpacing the S&P/ASX 200 Index and catching the attention of investors. The gold stock closed at AU$3.98 the previous day and by late morning trade, it had risen to A...
Noronex (ASX: NRX) Shares Surge on Strategic Alliance with South32 for Copper Exploration in Namibia
July 18, 2024 05:47 PM AEST| By Team Kalkine MediaNoronex Ltd (,ASX: NRX,) experienced a significant spike in its share price, rising by as much as 52% to AU$0.019 during the trading session on 18 July 2024, marking its highest level since 5 September 2023. This surge places the shares on track for...
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