Stocks

Macmahon Holdings Secures Awak Mas Gold Project Development Contract
January 09, 2025 12:28 PM AEDT| By Team Kalkine MediaHighlights:,Macmahon,Holdings (,ASX:MAH,),will spearhead the development of the,Awak,Mas Gold Project in South Sulawesi, Indonesia, under a seven-year contract with,Indika,Energy.,The A$463 million project involves open-cut mining operations, utilizi...

St George Mining Advances Araxá Niobium and Rare Earth Processing with Brazilian Collaboration
January 09, 2025 12:26 PM AEDT| By Team Kalkine MediaHighlights:,St George Mining Ltd (,ASX:SGQ,) partners with Brazilian agencies to enhance the processing of niobium and rare earth elements from the,Araxá,Project.,The collaboration aims to create a sustainable processing flow sheet, maximizing resour...

Lovisa Shares Plunge 7% Amid Broker Downgrades and Competitor Lawsuit
January 09, 2025 12:12 PM AEDT| By Team Kalkine MediaHighlights:,Stock Performance,: Lovisa shares dropped 7% in early trade, compounding a 9% decline over the past month.,Broker Downgrades,: UBS and Jefferies downgraded Lovisa this week, lowering the stock’s consensus rating from "buy" to "hold.",Comp...

Westgold Resources Shares Drop 7.5% After Preliminary Production Update
January 09, 2025 12:08 PM AEDT| By Team Kalkine MediaHighlights:,Stock Performance,: Westgold shares dropped as much as 9.9% before recovering slightly, closing the session 7.5% lower.,Production Challenges,: H1 FY2025 gold production fell short of half the company's annual target, pressuring investor...

Star Entertainment Shares Plummet 25% to Record Low Amid Liquidity Concerns
January 09, 2025 12:06 PM AEDT| By Team Kalkine MediaHighlights:,Record Low Share Price,: Star's shares hit 14.5 cents, marking a 25% drop for the day and a 96% decline over five years.,Cash Burn Issues,: The company revealed a cash balance of $79 million, down $107 million in three months, adjusted fo...

Arcadium Lithium Shares Surge 8.2% on U.S. Clearance for Rio Tinto Acquisition
January 09, 2025 12:03 PM AEDT| By Team Kalkine MediaHighlights:,CFIUS Clearance,: The Committee on Foreign Investment in the United States (CFIUS) approved Arcadium's proposed acquisition by mining giant Rio Tinto, with no national security concerns raised.,Deal Timeline,: Arcadium expects the transac...

Fortescue Shares Rise Amid Lawsuit Naming Founder Andrew Forrest
January 09, 2025 11:55 AM AEDT| By Team Kalkine MediaHighlights:,ExxonMobil Lawsuit Details,: Exxon alleges defamation by environmental groups linked to Forrest's philanthropic foundation, Minderoo, over advanced plastic recycling processes.,Forrest Denies Claims,: The Fortescue founder dismissed the a...

Australian Shares Slide After Five-Day Rally Amid Global Concerns
January 09, 2025 11:52 AM AEDT| By Team Kalkine MediaHighlights:,Federal Reserve's High Bar for Rate Cuts,: Minutes from the Fed's December meeting revealed a cautious approach to further rate cuts, raising global inflation concerns under the incoming Trump administration.,Australian Financials and Min...

ASX Poised for Lower Open Amid Retail Sales Anticipation
January 09, 2025 11:52 AM AEDT| By Team Kalkine MediaHighlights,ASX 200 futures,indicate,a 0.4% dip as retail sales figures draw market focus.,Mixed global market performance driven by US jobs data, Fed minutes, and geopolitical developments.,Commodity prices fluctuate as currency weakness and US fuel...

Star Entertainment Group Faces Mounting Financial Pressure as Cash Reserves Decline
January 09, 2025 11:50 AM AEDT| By Team Kalkine MediaHighlights,Star Entertainment Group Ltd (,ASX:SGR,) reported a 46% decline in cash reserves during Q4 2024, leaving $79 million as of December 31.,Shares fell 26% to a record low of A$0.145 amid ongoing regulatory fines, legal fees, and operational s...

Livium Secures A$1.7 Million in R&D Tax Incentive Rebates from Australian Tax Office
January 09, 2025 11:49 AM AEDT| By Team Kalkine MediaHighlights:,Livium,Ltd (ASX:LIT) has been granted A$1.7 million in research and development (R&D) tax incentive rebates for the 2024,financial year,.,Rebates were distributed among its subsidiaries, including,Envirostream,Australia Pty Ltd (A$475,000...

Aurum Resources Moves Towards Full Control of Mako Gold
January 09, 2025 11:47 AM AEDT| By Team Kalkine MediaHighlights:,Aurum,Resources Ltd (,ASX:AUE,) has declared its takeover offer for Mako Gold Ltd (,ASX:MKG,) unconditional, with a holding of at least 86.77% of Mako shares.,The offer expires on January 31, 2025, with potential implications for minority...

Australian Bond Yields Surge as Global Markets React to US Dollar Strength
January 09, 2025 11:45 AM AEDT| By Team Kalkine MediaHighlights,Australian government bond yields see significant spike.,Rising US dollar and global debt levels pressure bond markets.,Australian dollar struggles near two-year lows.,The recent surge in Australian bond yields has been heavily influenced...

GQG Partners Gets Upgrade While Magellan Faces Funds Drop – Key Insights
January 09, 2025 11:44 AM AEDT| By Team Kalkine MediaHighlights,GQG Partners (GQG) sees,upgrade,from Morgans, with attractive value despite recent challenges.,Magellan Financial Group (MFG) faces outflows, but,outlook,improves for future growth.,Analysts,remain,optimistic about long-term prospects for...

Australian Share Market Faces Challenges as Miners Struggle Amid Market Decline
January 09, 2025 11:43 AM AEDT| By Team Kalkine MediaHighlights,ASX faces a tough Thursday with a notable decline in early trade.,Mining stocks, especially in materials, are among the major losers.,Positive news for (LTM) as it progresses on Rio Tinto's proposed takeover.,The Australian stock market op...

Westgold Resources Faces Market Pressure Despite Q2 Output Growth
January 09, 2025 11:41 AM AEDT| By Team Kalkine MediaHighlights,Westgold,Resources reports a production increase in Q2 FY25.,Shares,dip,despite higher output in the December quarter.,Production target for FY25,remains,a challenging goal.,Shares of Westgold Resources (ASX:WGX) experienced a sharp declin...

Terrain Minerals Advances Key Copper-Gold and Lithium Projects for 2025
January 09, 2025 11:33 AM AEDT| By Team Kalkine MediaHighlights,Terrain Minerals (TMX) to focus on two major projects with high potential for copper-gold and lithium in 2025.,The company advances drilling programs across its diversified project portfolio.,Lithium demand and copper prices bolster optimi...

Oil Market Calms Amid Supply Tightening Signals
January 09, 2025 11:29 AM AEDT| By Team Kalkine MediaHighlights,Oil prices steadied amid market volatility.,WTI crude remained above $73 per barrel, while Brent held near $76 per barrel.,Declining crude inventories at key US storage hubs signal tightening supply.,Oil prices stabilized after a highly fl...

Rental Market Stabilizes in Sydney and Melbourne: Will Prices Rise Again?
January 09, 2025 11:27 AM AEDT| By Team Kalkine MediaHighlights,Rental prices in Sydney and Melbourne remained stagnant for six months.,Supply excess and declining demand influenced the market.,National rents hit a record high despite city-specific stagnation.,Rental prices in Sydney and Melbourne have...

Amaero Secures US$23.5M Loan to Strengthen Manufacturing and Supply Chains (ASX:3DA)
January 09, 2025 11:26 AM AEDT| By Team Kalkine MediaHighlights:,Loan Approval:,Amaero,International Ltd (ASX:3DA) received a US$23.5 million loan under EXIM’s Make More in America initiative.,Strategic Manufacturing:,The loan supports domestic production of advanced materials for defence, space, and a...

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