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Financials & Miners help the market close in positive territory. ASX closes up 0.36%

The Australian sharemarket recouped early losses on Monday with help from banks and iron ore miners. The S&P/ASX 200 ended the day 36.6 points, or 0.5 per cent higher at 7192.3, despite moving into negative territory in early trading. The Tech sector large-caps WiseTech and Xero weighed on the market in early morning trading before […]

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Westgold green-lights intensive explorations with expectations of booming results

Westgold Resources’ timely revitalisation of its exploration program has seen the company avoid what would have been an embarrassing slide in the amount of resources at its gold mining operations in the Cue area of WA. Stepped up spending on exploration in 2022-23 saw big increases in contained gold resource estimates for its established Big

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Shares under pressure; China’s iPhone ban; risks from surging petrol prices

Investment markets and key developments over the past week After a couple of weeks of gains global share markets fell again over the last week on renewed concerns about more central bank rate hikes, higher oil prices as Saudi Arabia and Russia extended production cuts, a rebound in bond yields and concerns about China’s economy

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Strong competition and weak demand causes a disappointing first quarter for scrap metal gaint

Scrap recycler Sims’ disappointing first quarter downgrade knocked the share price lower and helped budge the NSX into negative territory. The shares fell 15% at one stage and were down around 10.5% just before midday after it surprised with a forecast of breaking even in the three months to September 30, instead of making a

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Stocks of the Hour: Sunstone Metals, Atturra, ABx Group

Sunstone Metals (ASX:STM) have announced that the second hole at the T3 porphyry target within its El Palmar project in Northern Ecuador has intersected strong gold-copper mineralisation. Sunstone Managing Director Malcolm Norris said “This latest result shows clearly that T3 is a significant copper-gold porphyry system” Shares are trading 8.7 per cent lower at 2.1 cents.

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