Articles On Gold Mountain (ASX:GMN)

Title Source Codes Date
Gold Digger: Solar, electric vehicle demand could push silver market into long term deficit

Global silver demand hit ~1.02 billion ounces in 2021, the first time it has breached 1 billion since 2015, according to the Silver Institute. Of that, industrial demand hit a new high of 524 million ounces. And of that, photovoltaic (solar...

Stockhead GMN 1 week ago
Gold Digger: JP Morgan reckons gold’s gonna take a dive to $1,520/oz by Q4

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

Stockhead GMN 3 weeks ago
Gold Digger: Gold bulls are out in force, but expect turbulence

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Stockhead GMN 1 month ago
Closing Bell: Another day of gains for the ASX as the Christmas approaches

The ASX picked up from where it left off yesterday with another positive trading day. The ASX 200 rose 0.31% to close at 7,388 points, which puts it up 1.26% in the past week and 2.1% in the month of December. Most sectors except tech gaine...

Stockhead GMN 1 month ago
Gold Mountain (ASX:GMN) extends mineralised corridor at Mt Wipi

Gold Mountain (GMN) has almost completed drilling at the Mt Wipi prospect within the Wabag project in Papua New Guinea Positively, all four holes completed encountered alteration associated with sulphides and two holes showed evidence of s...

themarketherald.com.au GMN 1 month ago
Closing Bell: ASX edges higher while there were 3 resources IPOs — and they all fell

The Santa rally continued today with the ASX closing higher than yesterday by 0.13%, despite trading lower for much of the day. Tech had a solid day gaining 2.6% ,while health and telcos gained 0.78%. Materials and property were the worst s...

Stockhead GMN 1 month ago
Gold Digger: Early 2022 gold rally could turn sour mid-year

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

Stockhead GMN 1 month ago
Closing Bell: ASX records best day in over 2 months

The ASX finished 0.67% higher, marking the best performance by the Australian bourse since early October. Almost all sectors finished higher with energy and tech – two sectors under siege in recent weeks – recording gains of 2.07% and 1.9%...

Stockhead GMN 1 month ago
Gold Digger: An inflationary bomb is about to go off. It’s time to prepare for the next gold bull market

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Stockhead GMN 1 month ago
Gold Mountain (ASX:GMN) further progresses Wabag drilling

Gold Mountain (GMN) further progresses its drilling program at the Wabag Project in Papua New Guinea The company commenced drilling at the Mt Wipi prospect in August and four holes have been completed since The drill rig is now being moved...

themarketherald.com.au GMN 1 month ago
Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out?

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Stockhead GMN 2 months ago
Gold Digger: These cheap gold stocks might not last long

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Stockhead GMN 2 months ago
Gold Digger: Prices lift off on growing inflation

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

Stockhead GMN 2 months ago
Gold Digger: A global carbon tax could hit gold stocks right where it hurts

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

Stockhead GMN 2 months ago
Gold Digger: Ounce-hungry gold miners investing big $$ in M&A, new developments

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Stockhead GMN 2 months ago
Gold Mountain (ASX:GMN) spends September quarter drilling at Mt Wipi

Gold Mountain (GMN) releases its September quarterly, highlighting drilling at the Mt Wipi Prospect in Papua New Guinea (PNG) Drilling began in late August with a focus on the Northwest Copper anomaly to test an interpreted buried porphyry...

themarketherald.com.au GMN 2 months ago
Gold Digger: Two charts that show how undervalued gold stocks really are

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

Stockhead GMN 3 months ago
Gold Digger: This large Russian gold mine will have its own nuclear power plant

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Stockhead GMN 3 months ago
Gold Digger: Gold M&A is heating up. Which junior is the next takeover target?

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

Stockhead GMN 3 months ago
Gold Digger: Gold is back on the menu amidst market chaos

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

Stockhead GMN 3 months ago
Gold Digger: Are ASX large cap gold stocks a screaming buy?

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

Stockhead GMN 4 months ago
Gold Digger: Where do we go from here?

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

Stockhead GMN 4 months ago
Gold Digger: Is sentiment slowly returning to the gold space?

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

Stockhead GMN 4 months ago
Gold Digger: Northern Star’s share price down 30pc for FY21, despite posting $1bn profit

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...

Stockhead GMN 4 months ago
Gold Mountain set to write new chapter on its emerging Mt Wipi story as maiden drilling begins

Gold Mountain’s bid to make a big discovery at its Mt Wipi target in Papua New Guinea has gone up a notch after the company launched the maiden diamond drilling campaign at the highly prospective copper and gold prospect. The first hole to...

Stockhead GMN 5 months ago
Gold about to hit next leg of bull market and stocks are cheap, expert says

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...

Stockhead GMN 5 months ago
10 at 10: These ASX stocks have unveiled something spectacular this morning

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...

Stockhead GMN 5 months ago
Closing Bell: ASX 200 down two consecutive days as small caps get pummelled

The ASX 200 finished lower for the second consecutive day, falling lower by 0.94% today as COVID-19 cases continue to rise in Australia and across the globe. Health Minister Greg Hunt however said that more than 10 million Australians have...

Stockhead GMN 5 months ago
Gold Digger: Bulls vs Bears – which team are you on?

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...

Stockhead GMN 5 months ago
Gold Mountain’s Wabag exploration well funded by $5.4m raise

Shareholders and investors have backed Gold Mountain’s $5.4m capital raising, supporting the exploration at its flagship Wabag project in Papua New Guinea. The raising consists of a $5.1m rights issue of shares priced at 2c each that closed...

Stockhead GMN 5 months ago
Hot Money Monday: Lithium leads the way as investors pile back into the sector

If you’ve been watching the recent price action in lithium stocks, this week’s edition of Hot Money may not come as a huge surprise. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RS...

Stockhead GMN 5 months ago
Gold Digger: Gold regains the crown if crypto crashes

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...

Stockhead GMN 5 months ago
Gold Mountain adds to tally of drill ready targets at Mt Wipi

Gold Mountain’s recent soil sampling program uncovers a further three drill targets at the Waa Creek area within the Mt Wipi project – bringing the company’s drill ready targets to six.  The discovery of a 12.5 g/t gold rock chip sample and...

Stockhead GMN 5 months ago
Hot Money Monday: An oil & gas play rejoins the boards with a bang, while BNPL runs cold

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Stockhead GMN 5 months ago
Gold Digger: The top performing junior gold stocks for July

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...

Stockhead GMN 5 months ago
Closing Bell: ASX rebounds from yesterday’s fall, led by 2.6pc gain in tech

Resources and tech stocks led the ASX back into positive territory Thursday. After a drop yesterday, led by tech, the bourse rebounded with the ASX 200 closing 0.52% higher. Resources led gaining 1.51% and tech gaining 2.6%. The only sector...

Stockhead GMN 5 months ago
Closing Bell: Tech sell off leads the ASX down 0.7pc

The ASX tech sector succumbed to the latest selloff in tech equities globally. dragging the rest of the bourse down with it. The ASX 200 retreated 0.7% to close at 7,379 points while the ASX Emerging Companies Index lost 1.06%, closing at 2...

Stockhead GMN 5 months ago
Hot Money Monday: Tasmanian whisky group Lark Distilling heated up in July

Whisky manufacturer Lark Distilling Co (ASX:LRK) kept things warm during winter, leading a group of 25 stocks that posted a 14-day RSI above 70 last week. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relat...

Stockhead GMN 6 months ago
Hot Money Monday: Bathurst revs up after key legal victory

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Stockhead GMN 6 months ago
Gold Mountain targets 3 large copper-gold anomalies with first ever diamond drilling campaign at Mt Wipi

An initial four-hole program is due to kick off this month at the highly prospective and exciting Mt Wipi tenement, part of Gold Mountain’s Wabag porphyry project in PNG. Gold Mountain (ASX:GMN) on the hunt for a porphyry monster in the val...

Stockhead GMN 6 months ago
Capital Watch: Gold Mountain, Norwest and more

The funds will be used for the NiWest nickel-cobalt project, infill drilling and gold exploration. Explorer NewPeak Minerals has raised $1.62 million via a ...

Mining News GMN 6 months ago
Closing Bell: ASX gains 0.3 per cent with every sector but tech finishing in the green

The ASX finished Hump Day nearly a third of one per cent higher. The ASX 200 closed at 7,355 which is 0.31 per cent higher than yesterday while the ASX Emerging Companies Index closed 0.14 per cent higher at 2,193. It was a mostly positive...

Stockhead GMN 6 months ago
Gold Digger: It’s time to get fired up about the ‘Green and Gold’

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...

Stockhead GMN 6 months ago
Gold Digger: Is gold the ‘ultimate contrarian investment’ right now?

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...

Stockhead GMN 6 months ago
Gold Digger: Feds inflation warning sends prices diving

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...

Stockhead GMN 7 months ago
Gold Digger: Sizzling oil prices suggest gold will hit US$2000/oz soon

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...

Stockhead GMN 7 months ago
Gold Digger: ASX gold stocks making gains on good news stories

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...

Stockhead GMN 7 months ago
Gold Digger: Strong inflation could pump gold price to $US8,900/oz by the end of the decade, experts say

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 GMN 7 months ago
Gold Digger: Instos pour back into gold as Bitcoin loses spark

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...

Stockhead GMN 8 months ago
Gold Mountain identifies priority copper-gold drill targets at Mt Wipi

Sampling success has helped PNG explorer Gold Mountain outline a string of new drill targets at its Mt Wipi prospect at its flagship Wabag project, with confidence growing in its copper-gold potential. It is on the hunt for a porphyry monst...

Stockhead GMN 8 months ago