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Mining industry witnesses steepest quarterly decline since GFC

Local miners are grappling with the most significant quarterly drop in profitability since the upheaval of the global financial crisis, as plummeting prices for thermal coal and natural gas send shockwaves through the resource sector, affecting both corporate earnings and government revenues. According to data released by the Australian Bureau of Statistics on Monday, profits

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Sequoia Financial Group (ASX:SEQ) FY23 financial results

Sequoia Financial Group Limited (ASX:SEQ) CEO and Managing Director Garry Crole discusses the group’s FY23 financial results. Topics covered include: FY23 financial highlightsFY23 business highlightsGroup financial snapshotScalable financial model impacted by 2023 challengesSum of parts snapshotDirect investments restructured to deliver growth in FY24Equity markets impacted by weaker trading conditionsProfessional services grows in tough marketLicensee services gaining

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Margin over ounces: Westgold’s strong production results

Westgold Resources (ASX:WGX) Managing Director Wayne Bramwell provides an update on the company, discussing drivers behind production results, the gold price, and plans going forward. Peter Milios: We are talking today with Westgold Resources (ASX:WGX). WGX has a market cap of $700m. Westgold is a dynamic and responsible explorer and developer of gold mines, operating

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Afternoon update: Aus shares up 0.43%, Liontown soars on revised takeover bid

The S&P/ASX 200 is trading 0.43 per cent higher at 7,309.30. Futures The SPI futures are up 45 points. Best and worst performers The best-performing sector is Materials, up 1.85 per cent. The worst-performing sector is Utilities, down 0.75 per cent. The best-performing large cap is Liontown Resources (ASX:LTR), trading 8.78 per cent higher at

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North Stawell Minerals (ASX:NSM) – exploring Victoria’s Golden Triangle

Scott Duncombe, Exploration Manager of North Stawell Minerals (ASX:NSM), provides an update on the company’s gold exploration. Peter Milios: We’re talking today with the North Stawell Minerals, ASX code NSM. Market cap of around 9 million. The company’s a junior gold explorer focused on the Stawell Corridor, which is the centre of Victoria’s Golden Triangle. We

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ASX up 0.5% at noon as Australian household spending falls

In July, Australian household spending experienced a decrease of 0.7% compared to the same period last year, marking the first decline since early 2021. The Australian Bureau of Statistics reported that this drop can be attributed to the impact of higher interest rates and inflation, which have affected people’s financial situations. Robert Ewing, the ABS

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