Page 25 - Resolute Mining News Today

Syama increases satellite resources

By Christian Moess Laursen Resolute Mining said the measured and indicated resources at Syama North in the Syama gold mine in Mali increased by 46% following...

Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, on continued optimism the US Fed will leave interest rates unchanged amid data showing US consumer price growth accelerated in line with economist estimates in July.

The Australian stock market is notably lower on Friday, snapping a four-session winning streak, with the benchmark S&P/ASX 200 falling below the 7,300 level, following the mixed cues from Wall Street overnight, with weakness across most sectors, led by heavyweight mining stocks.

The Australian stock market is slightly higher on Thursday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying a tad below the 7,300 level, following the broadly positive cues from Wall Street overnight, with gains in financial stocks partially offset by losses in mining and technology stocks.

The mining code reform could boost the national budget by 500 billion CFA francs ($820 million), economy minister Alousseni Sanou said.

The Australian stock market is significantly higher on Wednesday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving to a tad below the 7,300 level, following the broadly positive cues from global markets overnight, boosted by gains across most sectors, led by in mining and financial stocks.

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, as softer-than-expected consumer sentiment and job openings data, helped ease concerns about interest rates, lifting investor sentiment.

The Chartist has several Australian gold miners on watch ahead of a longer term bullish view

The President of Mali has signed a new mining code into law which will increase government ownership in the country’s mines.