Category Archives: Australian Mining Stocks

Pilbara Mineral’s stock has moved up 12% on September 14, 2017

Stock surging high with Pilgangoora project acceleration: With the latest developments and Pilgangoora project update, Pilbara Mineral’s stock has moved up 12% on September 14, 2017. In line with its expedited construction schedule, PLS is targeting commencement of shipments of spodumene concentrate in the second quarter of 2018 as its Stage 1, 2Mtpa project advances rapidly towards first production at

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Seven Lithium stocks – Galaxy, Pilbara, Orocobre, Altura, Kidman, Lithium Australia and Prospect

James Bay’s potential reaffirmed: Galaxy Resources has announced further assays from its 2017 drilling campaign at the James Bay Project in Quebec, Canada, on September 14, 2017 with stock price surging 3.1%. In late March, the Galaxy James Bay team commenced a ~33,000m diamond drilling campaign to extend and develop the existing resource at the James Bay Project. The entire

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For FY17, Sandfire Resources NL Boost from commodity price

Boost from commodity price: For FY17, Sandfire Resources NL (ASX: SFR) reported a 62% increase in net profit after tax at $77.5 million (FY16: $48.0 million). As a result, SFR stock moved up 3.5% on August 30, 2017. Strong sales and positive copper price adjustment gains resulted in sales revenue of $532.5 million (FY16: $485.8 million), and payable metal sales

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3 Mining stocks – Syrah Resources, Sandfire Resources NL and Magnis Resources

Mining agreement approved by government of Mozambique: Syrah Resources Ltd (ASX: SYR), up over 9% on August 30, 2017, announced that its wholly owned subsidiary, Twigg Exploration and Mining, Limitada (Twigg), holder of the Balama Project, has finalised the negotiation of a Mining Agreement with the Ministry of Mineral Resources and Energy of the Republic of Mozambique. Accordingly, it was

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2 Growth companies in the resources sector – Iluka Resources Ltd and Altura Mining Ltd.

Quarterly production update: Total zircon/rutile/synthetic rutile (Z/R/SR) production in the second quarter was 221 thousand tons inclusive of Sierra Rutile, with 177 thousand tonnes from Iluka’s Australian and US operations. The Tutunup South mine in south-west Western Australia continued to be Iluka’s only Australian mine in operation. During the quarter, 160 thousand tons of heavy mineral concentrate (HMC) was produced

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Newcrest Mining remains confident about Cadia

Gold production in the June 2017 quarter stood at 7.8% lower than the prior quarter driven by a decrease in production from Cadia, following the seismic event on 14 April 2017, while production from Lihir increased significantly, achieving record quarterly gold production of 276koz due to a record mill throughput rate result of 14.5mtpa. Production at Telfer was also higher

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