Articles On Encounter Resources (ASX:ENR)

The ASX 200 rose 0.07%, closing at 7,529 points while the ASX Emerging Companies Index climbed 1.21% to close at 2,461. Energy lost 1.68% and resources lost 1.09% but most other sectors gained with the best being tech which rose 1.15%.   TO...

Gold bugs would be breathing a sigh of relief this week as the price stabilises just shy of $US1,800/oz ($2,463/oz Aussie) thanks to Monday’s healthy 1.5% gain. While there are plenty of other red hot sectors attracting investor dollars rig...

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

The new financial year is underway, so it is time for Garimpeiro to update his list of junior exploration and development stocks worth watching in the coming months. Garimpeiro’s last list of five stocks to watch appeared on November 23. Co...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

RareX (ASX:REE) has strengthened its executive team to help drive development of its Cummins Range rare earths project and exploration work. The company has appointed James Durrant as its general manager of projects to oversee studies at th...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

It is not often the activity of criminals provides an investment idea, but when they start stealing copper wire from power stations, or from building sites, then you know it’s time to brush up on copper miners. Kingston in South Australia,...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

BHP has entered a joint venture (JV) with Encounter Resources to develop the Elliot copper project in the Northern Territory. The JV will involve an exploration program that includes seismic surveys and drilling which is set to progress rap...

Summary Encounter Resources (ASX: ENR) and BHP Group (ASX: BHP) have entered into an earn-in and joint venture agreement to develop the Elliott copper project. BHP will have the right to earn up to a 75% interest in the project. The c...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

Summary The ASX 200 is set to close the week with narrow gains, led by a strong rally in healthcare and tech stocks. The top five gainers on the ASX are EML Payments, A2 Milk Company, Webjet, Nuix and Xero. Bitcoin staged a smart reco...

The Encounter Resources Ltd (ASX: ENR) share price is surging today. At the time of writing, shares in the mineral exploration company are trading for 17.5 cents each – up 29.63%. The massive price rise comes after the company announced BH...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

BHP has exercised an option to enter into a A$22 million farm-in and joint venture over Encounter Resources' Elliott copper project in the Northern ...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Risk on sentiment returned to the ASX following yesterday’s 1.9 per cent drop. The ASX 200 closed 1.27 per cent higher at 7,020 points while the ASX Emerging Companies Index closed 0.78 per cent higher at 2,101. The rebound was led by tech...

The ASX fell nearly 2 per cent in a broader equity market sell off. The ASX 200 closed at 6,932, which was 1.9 per cent lower than yesterday although the ASX Emerging Companies Index only fell 0.58 per cent, closing at 2,085 points. Every s...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

The gold price may have languished slightly in 2021, but the number of gold IPOs certainly has not. Here’s what the newest ASX gold explorers are doing, where they are doing it, and why investors should care.   KINCORA COPPER (ASX:KCC) The...

Strange to think that it is a year since the world was turned upside down when the World Health Organisation declared COVID-19 a worldwide pandemic in mid-March 2020. In the week that followed the price of gold tumbled nearly $US200 to $US1...

A recent round of support for gold has seen the price consolidate above $US1,700 an ounce. However, with policy support from central banks, US stimulus and employment growth — underpinned by big infrastructure projects — you’d “expect gold...

Newcrest Mining has withdrawn from its joint venture (JV) with Encounter Resources at the Aileron copper-gold-rare earths project in Western Australia. Encounter now retains full control of the Aileron project, with Newcrest to hold no rema...

For goldies, 2020 was a year when good news was rewarded, and great news celebrated. The precious metal has gained about 22 per cent year-to-date despite treading water since mid-August. And there’s a strong chance 2021 will start off with...

Newcrest Mining has withdrawn from the Selby, Watts and Lewis joint ventures (JVs) in Western Australia with Encounter Resources. Newcrest has been funding the West Tanami exploration program on behalf of Encounter Resources across the Selb...

The Encounter Resources Ltd (ASX: ENR) share price is up 3% in afternoon trading. This comes following the company’s drilling update at its Yeneena Copper-Cobalt Project in Western Australia. By comparison, the All Ordinaries Index (ASX: X...

Gold prices may have struggled to make another assault on all time highs but the US dollar to Australian dollar exchange rate continues to work in favour of local companies with Australian gold prices remaining stable in the $2,600 to $2,70...

Encounter Resources has started diamond drilling at Aileron gold-copper project in the West Arunta region of Western Australia – a joint venture between Encounter and Newcrest Mining. The Newcrest-funded drilling program will target a magne...

There’s 191 ASX gold stocks on our list — from $25bn behemoth Newcrest (ASX:NCM) all the way down to $4.7m tiddler African Gold (ASX:A1G) – with a combined market cap of ~$82.8bn. Despite running out of puff in August and September the gold...

Copper prices have been on a tear in the past six months with prices climbing some 40 per cent to just above $US3 ($4.25) a pound on the back of rebounding global manufacturing activity and soaring Chinese demand. However, further upside mi...

Junior explorer Encounter Resources has received endorsement from mining giant BHP for its Elliott copper project, which covers 4500 square kilometres of prospective Northern Territory landscape. BHP and Encounter have formed an agreement t...

The BHP Group Ltd (ASX: BHP) share price has fallen today despite a positive announcement that it has entered into an option agreement. At the time of writing, the BHP share price is trading at $36.67, down 1.79%. The drop could also be at...

It was announced today that BHP Group Ltd (ASX: BHP) has entered into an agreement for a 4,500km2 area of the Northern Territory. What was announced? BHP marked the announcement as price sensitive, so it could be a big deal over the longer...

Encounter Resources (ASX: ENR) has firmed up “compelling” targets for drilling at its wholly-owned Lamil project near Newcrest Mining’s (ASX: NCM) Telfer gold-copper mine in Western Australia’s Paterson Province. In addition to its proximit...

Tesla is hands down the biggest seller of electric vehicles (EVs) in the world’s largest economy, accounting for 81 per cent of the 87,398 EVs sold in the US in the first quarter. The Model 3 was the most popular, racking up sales of 38,314...

Government-funded improvements to geological datasets covering mineral-rich areas in outback Australia are starting to yield results for companies engaged in the hunt for new discoveries. Encounter Resources (ASX:ENR) is one company to bene...

IGO has inked a $7 million agreement with ASX-listed explorer Matsa Resources for the Symons Hill nickel project in the Fraser Range, Western Australia. IGO can spend a minimum of $3.5 million to earn a 70 per cent interest in Symon Hills o...

The Paterson Province’s status as one of the country’s hottest addresses for mineral exploration has been reaffirmed with the signing of another big farm-in agreement and some of the best drilling results to date from the mammoth Havieron g...