GOLD MINES AND MINING – AUSTRALIA

Gold miners pounce on exploration sites

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Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 18-Oct-16

Evolution Mining will pay $A3m for Newcrest Mining’s Marsden copper and gold project in New South Wales. The deal includes provision for an additional payment of $A7m should Evolution commence mining within the next 10 years. Evolution has also announced that its total gold output for the September 2016 quarter was 205,307 ounces. Meanwhile, Saracen Mineral Holdings has secured an exploration joint venture with AngloGold Ashanti at two of the former’s gold tenements in Western Australia.

CORPORATES
EVOLUTION MINING LIMITED – ASX EVN, NEWCREST MINING LIMITED – ASX NCM, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, ANGLOGOLD ASHANTI LIMITED – ASX AGG

US investors take a shine to Aussie gold

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Original article by Tess Ingram
The Australian Financial Review – Page: 19 : 23-Sep-16

Newcrest Mining, Evolution Mining and Saracen Mineral Holdings are among the Australian-listed gold producers to have reported a sharp rise in US-based shareholders over the last 12 months. Resolute Mining MD John Welborn says US investors have shown more interest in Australian gold stocks than usual at the 2016 Denver Gold Forum. Metals X CEO Peter Cook warns that Australian gold producers’ shares are likely to be heavily sold down when offshore investors eventually rebalance their portfolios.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, RESOLUTE MINING LIMITED – ASX RSG, METALS X LIMITED – ASX MLX, DORAY MINERALS LIMITED – ASX DRM, GLOBAL MINING RESEARCH PTY LTD, VANECK VECTORS GOLD MINERS ETF – ASX GDX, NORTHERN STAR RESOURCES LIMITED – ASX NST, ST BARBARA LIMITED – ASX SBM

Northern Star on the hunt for organic growth

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Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 23-Aug-16

Australian-listed Northern Star Resources has posted a 2015-16 net profit of $A151.4m, which is 65 per cent higher than previously. The company recently secured a deal to sell the Plutonic gold mine in Western Australia, and estimates that its net profit would have been $A165.3m if it had not owned the mine during 2015-16. Shareholders will receive a final dividend of $A0.04 per share, plus a special dividend of $A0.03.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, BILLABONG GOLD PTY LTD

Newcrest’s Cadia ambitions grow

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Original article by Peter Ker
The Australian Financial Review – Page: 14 : 16-Aug-16

Australian-listed Newcrest Mining has posted a 2015-16 underlying profit of $US323m, which is 24 per cent lower than previously but in line with analysts’ forecasts. Meanwhile, CEO Sandeep Biswas says the gold producer will examine options for increasing the Cadia mine’s ore processing capacity beyond the 32 million tonnes per year for which it currently has regulatory approval. Shareholders will receive an unfranked dividend of $US0.075 per share, which is the first payout in more than three years.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, ALLAN GRAY AUSTRALIA PTY LTD, SHAW AND PARTNERS LIMITED

Drill rigs start spinning as exploration recovers

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Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 3-Aug-16

Delegates at the annual Diggers & Dealers conference have been told that there has been a sharp increase in exploration activity following several lean years for the Australian mining industry. There has been particular emphasis on brownfields exploration, including older gold projects that were previously thought to have been exhausted. Independence Group MD Peter Bradford has urged investment in technology to access deeper deposits that are difficult to reach with the equipment that is currently available.

CORPORATES
INDEPENDENCE GROUP NL – ASX IGO, DIGGERS AND DEALERS FORUM, DACIAN GOLD LIMITED – ASX DCN, EVOLUTION MINING LIMITED – ASX EVN, RIO TINTO LIMITED – ASX RIO, GOLD FIELDS LIMITED

‘Plenty of life’ in the gold dog yet

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Original article by Paul Garvey
The Australian – Page: 22 : 2-Aug-16

The share prices of Australian gold producers have rallied in the last year, prompting speculation as to whether the gains are sustainable. Saracen Mineral Holdings MD Raleigh Finlayson has indicated that a fall in the gold price could create buying opportunities for the group, while Doray Minerals is seeking offshore acquisitions due to the high price of local gold assets and the dearth of quality projects up for sale. The outlook for the gold sector will be under scrutiny at the annual Diggers & Dealers conference in Western Australia.

CORPORATES
SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, DORAY MINERALS LIMITED – ASX DRM, DIGGERS AND DEALERS FORUM, NORTHERN STAR RESOURCES LIMITED – ASX NST, ST BARBARA LIMITED – ASX SBM

Northern Star improves dividend after annual profit climbs 65pc

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 27-Jul-16

Australian-listed Northern Star Resources has reported a 2015-16 net profit of $A151.4m, which is 65 per cent higher than previously. Most analysts had expected the gold producer to book a profit of about $A166m, while its full-year dividend of $A0.07 per share was also lower than some analysts had forecast. Northern Star Resources has also reported that its all-in sustaining cost of production was $US780 an ounce in 2015-16.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, NEWCREST MINING LIMITED – ASX NCM, CREDIT SUISSE (AUSTRALIA) LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, DEUTSCHE BANK AG, RBC CAPITAL MARKETS

Dividends back at Newcrest

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Original article by Barry FitzGerald
The Australian – Page: 21 : 26-Jul-16

Australian-listed Newcrest Mining produced 598,037 ounces of gold during the June 2016 quarter, compared with 636,521 ounces in the March quarter. Full-year output was at the lower end of its guidance of between 2.4 million and 2.6 million ounces. However, the group slashed its net debt by 27 per cent to $A2.1bn in 2015-16, prompting some analysts to forecast that it will pay a dividend for the first time since 2013.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, CREDIT SUISSE (AUSTRALIA) LIMITED

US election a Trump card for gold price, says Beament

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Original article by Peter Ker
The Australian Financial Review – Page: 19 : 21-Jul-16

Northern Star Resources’ gold production totalled 558,143 ounces in 2015-16, with sales of 561,153 ounces. MD Bill Beament remains bullish about the outlook for gold, forecasting that the recent rally in the price of the precious metal will be sustained. He notes that the UK’s vote to leave the European Union has had little impact on the gold price. He expects the gold price to rise further if Donald Trump wins the US presidential election, although he did not specifically name the Republican candidate.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, UNITED STATES. FEDERAL RESERVE BOARD, REPUBLICAN PARTY (UNITED STATES)

A golden bet on Dacian that paid off for the ‘Kalgoorlie Mafia’

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Original article by Paul Garvey
The Australian – Page: 19 & 22 : 7-Jul-16

Shares in Dacian Gold reached a record high of $A3.38 on 6 July 2016, compared with less than $A0.30 in early 2015. Dacian is poised to become one of Australia’s 10 largest gold producers when the Mount Morgans project is commissioned in 2018. Dacian will shortly release the results of a drilling program at its Westralia deposit, while drilling will commence at its Callisto prospect in August. CEO Rohan Williams and a group of investors injected $A10m worth of seed capital into Dacian in 2012.

CORPORATES
DACIAN GOLD LIMITED – ASX DCN, RANGE RIVER GOLD LIMITED, BLUE OCEAN EQUITIES PTY LTD, GOLD FIELDS LIMITED