gold

Saturday, September 19

Cash flows to explorers amid gold price surge

The booming gold price is helping to drive capital raising among Australian explorers with the latest research from business advisory firm BDO revealing a 60 per cent increase in cash inflows in the June quarter.

Golden run continues for Oz Minerals

Strong gold prices matched by higher volumes has helped Adelaide-based miner Oz Minerals record a net profit after tax of $80 million for the six months to June 30.

Soaring gold prices push local exploration global

Local mining exploration companies are going global in their search for gold as prices for the precious metal hit all-time highs.

Marmota raises $6.5m to fast-track SA gold project

Gold explorer Marmota has raised $6.5 million to accelerate the development of its Aurora Tank project in the north west of South Australia.

Gold up, stocks down as global recession fears rise

Gold rose more than 1.0 per cent overnight as an inverted US Treasury yield curve and weak euro zone data stoked fears of a global economic recession and drove investors toward safe-haven bullion.

Cost cutting helps Oz Minerals to record profit

Cost cutting and record production have helped Adelaide-based copper and gold producer Oz Minerals to more than double its profits for 2015.

Little-known PGA winner over the moon

Little-known Victorian Nathan Holman is set to realise a childhood dream at the British Open next year after a stunning Australian PGA Championship victory on Sunday – not that he realised it at the time.