Phoenix Copper’s reserve statement for the Empire open pit in Idaho is an important step forward, according to WH Ireland.
With an advanced project in mining-friendly Idaho, Phoenix is now well positioned to benefit from surging demand and strong copper prices, said the broker.
Frontier Developments PLC (AIM:FDEV) share price recovery continued as analysts hailed the value of its back catalogue as profits from the video game developer beat expectations.
While still in the red underlying loss expectations for the twelve months to 31 May 2024 were cut to £5 million from £9 million with the console edition of Planet Zoo said to be selling well.
Liberum analysts remain optimistic about Trident Royalties PLC's (AIM:TRR, OTCQX:TDTRF) performance moving into the second quarter following today’s first-quarter results.
"We expect both ounces and margins to lift into Q2, based on first gold production from the Greenstone mine and the high gold price volatility in the quarter so far," they commented.