Tag Archives: S&P/ASX 200 RESOURCES

One mid-cap stock to hold – Caltex Australia Limited

2017 Half year profit guidance: On an HCOP (Historic Cost Profit) basis, the after-tax profit is expected to be within a range of $250 million and $270 million for the 2017 half year including significant items. Significant items are forecasted to be a loss of approximately $5 million before tax (representing the previously disclosed $20 million franchise employee assistance fund

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Independence Group NL (IGO or the Company)

Independence Group NL (IGO or the Company) (ASX: IGO) advises it has entered into an agreement to sell its Stockman Cu-Zn Project in north-east Victoria (Stockman Project) for a consideration of A$47.2 million, comprising A$32.2 million in cash payments1 and a 1.5% net smelter return (NSR) royalty with a provisional value of up to A$15 million2, which then converts to

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Western Areas Ltd Significant increase in Odysseus high grade nickel resources

Significant increase in Odysseus high grade nickel resources: Western Areas Ltd (ASX: WSA) has announced that the company has trebled the defined high grade Massive Sulphide Mineral Resource at its Cosmos Odysseus Project. Key highlights from the latest mineral resource update include 311% increase in the Total Massive Sulphide resource to 22,838 nickel tons grading 8.4% Ni, which now includes

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Two stocks which did really well – Western Areas Ltd & Independence Group NL

Significant increase in Odysseus high grade nickel resources: Western Areas Ltd (ASX: WSA) has announced that the company has trebled the defined high grade Massive Sulphide Mineral Resource at its Cosmos Odysseus Project. Key highlights from the latest mineral resource update include 311% increase in the Total Massive Sulphide resource to 22,838 nickel tons grading 8.4% Ni, which now includes

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One iron ore stock to sell – Fortescue Metals Group Limited

Successfully completed fund raising: Fortescue Metals Group Limited (ASX: FMG) has recently finished an offering of senior unsecured notes. The offering was initially launched at US$1,000 million; and based on investors’ demand, the offering was upsized to US$1,500 million. For March 2017 quarter, FMG reported shipments of 39.6mt of iron ore with 12% improvement in cash production costs (C1) of

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Galaxy Resources – Lithium concentrate below contractual levels

Galaxy Resources Limited (ASX: GXY) announced the first shipment (13,815 wet metric tons) of lithium concentrate from its Mt Cattlin mine under 2017 contract terms. The Mt Cattlin operations plant utilization continues to improve with the last 30 days’ concentrate production averaging 440dmt per day, which equates to an annualized production of more than 160,000tpa. However, the mica content of

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During Q3FY17, Independence Group NL Q3FY17 impacted by lower zinc shipments

Q3FY17 impacted by lower zinc shipments: During Q3FY17, Independence Group NL (ASX: IGO) reported revenue decline of 35% qoq at $83.9 million, impacted by lower less zinc concentrate shipments and no copper concentrate shipment from Jaguar. However, Tropicana gold sales were in line with expectations and Long continued to deliver by maintaining strong sales volume. NPAT increased to $12.3 million,

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