S&P/ASX 200 closes 67 points higher led by gains in base and precious metals, as well as oil
The gold sector rallied more than 3% with Doray Minerals surging 12.5%.
Company
Resolute Mining Ltd
ASX:RSG
Resolute Mining Ltd is a successful African-focused gold miner with more than 30 years of experience as an explorer, developer and operator of ten gold mines which have produced more than 9 million ounces of gold. The company currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Syama is a robust, long-life asset comprising a underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high quality, open pit gold mine which Resolute has owned and operated since August 2019.
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Blackham Resources implements initial stages of recapitalisation strategy
The company has a new $14.3 million arrangement with its mining contractor.
Archive
In the news: Resolute Mining
Upheaval in junior mining as leading ETF GDXJ set to rebalance portfolio in June
Leading junior gold mining ETF the GDXJ is expanding its investing universe in what's known as a "re-balancing", and the effects aren't all positive
Oklo Resources gold exploration success delivers capital raising windfall
Oklo has received commitments to raise $8.7 million at $0.24 per share.
Oklo Resources gains Resolute Mining as a substantial shareholder
Assays are currently pending from air-core drilling at Seko.
Kodal’s suite of West African gold projects looks highly prospective
Kodal Minerals has some big mining players helping it out in West Africa, although on some projects the upside is all its own
Large cap. ASX resource risers: Santos, OZ Minerals, Woodside Petroleum, New Hope Corporation
The large cap. ASX resource sector is a mixed bag today - as investors try to weigh up the spiking metals prices against the global doom and gloom. Seven of the top 20 resource stocks are higher, nine lower, with four too confused to go any
Large cap. ASX resource risers: Atlas Iron, Iluka Resources, Paladin Energy, Resolute Mining
Puffing out its chest today and defying global worries - the resilient large cap. Australian resource sector is rallying in afternoon trade. Highlighting the turnaround is 16 of the top 20 ASX resource stocks by value are in the green.
ASX Large Cap. resource risers: Lynas Corporation, Aurora Oil & Gas, Iluka Resources, Macarthur Coal
The markets are alive with the sounds of large resource gainers today, as 18 of the top 20 by market capitalisation higher in afternoon trade. The rally is another sign the sector may have been oversold - with bargain hunters entering the f
Large Cap. resource risers: Mount Gibson Iron, Newcrest Mining, Oil Search, New Hope Corporation
Price volatility was low today in the large cap. resources sector - which has in the last week experienced a bit of a rally, although this does follow a sharp sell-off as equity markets globally had been de-risking.