Page 89 - Resolute Mining News Today

By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS. For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio. Ratings, consensus target price and forecast earnings tables are publishe...

Trolley Wars The ASX200 opened strongly yesterday but fell to be only up 7 late morning. At lunchtime it hit a high of up 32, approaching 7100, but slipped again to close up 17. The index continues to hold above 7000 but is struggling for any conviction to push higher. That lack of conviction is underscored by recent volumes being to the low side. Perhaps we’re all waiting for the May budget to spark some life into the market, or not. Meanwhile, the focus has been on the flood of corporate qu...

Asian Shares Mostly Higher In Cautious Trade CANBERA (dpa-AFX) - Asian stocks ended broadly higher on Thursday as investors reacted to Fed Chair Jerome Powells dovish comments and U.S. President Joe Bidens congressional speech about increasing taxes on the rich. Japanese markets were closed for Showa Day. Chinese shares fluctuated before finishing higher after Biden said he told Chinese President Xi that we welcome the competition - and that we are not looking for conflict. Biden also said he d...

The Australian sharemarket moved closer to reclaiming a record high on Thursday, buoyed by a strong performance from the mining sector.

Malis unmined gold reserves hold steady on new discoveries Reuters 4/29/2021 BAMAKO, April 29 (Reuters) - Gold discoveries in Mali offset production last year, holding the West African countrys estimated gold reserves at about 703 tonnes, or around 12 years of output at current production levels, the Mines Ministry said on Thursday. Mali is Africas fourth-largest gold producer after South Africa, Ghana and Sudan, with about 13 mines operated by multinational companies including Barrick Gold C...

Asian Markets Mixed Amid Cautious Trades CANBERA (dpa-AFX) - Asian stock markets are mixed on Friday, following the broadly negative cues overnight from Wall Street on reports President Joe Biden plans to almost double the capital gains tax for wealthy individuals to fund spending on childcare and education. The mood is quite cautious in most of the markets in the region amid the continuing surge in coronavirus in the region and the possibility of lockdowns in certain places. Asian markets ende...

Summary: Week Ending April 15, 2021. Last week saw the ASX200 initially trading sideways before finally breaking out above the 7000 level, thanks to some extent to the Trans-Tasman bubble. But this week the index is back battling with 7000 again. We may have broken a record last week in terms of lack of movement in short positions. Only two stocks saw bracket changes, both short increases, and only two saw movements of one percentage point or more. In the latter case, the Trans-Tasman bubble h...

Asian Markets A Sea Of Red Amid Pandemic Woes CANBERA (dpa-AFX) - Asian stock markets are in a sea of red and sharply lower on Wednesday, following broadly negative cues overnight from Wall Street, as traders are rattled amid the continuing surge in the new wave of coronavirus infections in the region, the increasing restrictions on economic activity and the possibility of subsequent lockdown measures in several markets. Asian markets closed mostly lower on Tuesday. The Australian stock market ...

Chifeng Jilong Gold Mining has terminated the $105m deal signed in 2020 with Resolute Mining to acquire the Bibiani gold mine in Ghana.

By Reuters Staff 2 Min Read (Reuters) -China’s Chifeng Jilong Gold Mining on Monday cancelled an agreement to buy the Bibiani gold mine in Ghana, saying it had not received timely information from the seller about the termination of the mining lease. Australia-based Resolute Mining agreed to sell Bibiani to Chifeng Jilong for around $105 million in December, apparently extending a flurry of Chinese M&A in the gold mining sector, only to announce last month its lease had been terminated by the...