Articles On Gold Mountain (ASX:GMN)

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

Gold Mountain’s flagship Wabag project in Papua New Guinea has received further validation from investors, who have committed to a $2.5m share placement. The funds will be raised through the issue of shares priced at 4c each, with the first...

“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...

Special Report: Gold Mountain has reported the widest copper-molybdenum intersection to date while drilling into a porphyry system at their ... Read More The post GMN hits monster copper intercept in PNG porphyry search appeared first on St...

Special Report: Gold Mountain has lauded its multiple target strategy at the Wabag gold project in Papua New Guinea on ... Read More The post Gold Mountain’s Mt Wipi showing serious mineralised signs appeared first on Stockhead.

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...

Special Report: Gold Mountain Limited has significantly bolstered its executive director team, appointing a pair of familiar names in Tim ... Read More The post Gold Mountain board loads up on wisdom as PNG play progresses appeared first on...

Special Report: Having spent more than half of his three-decade career at Rio Tinto scouring the world for new opportunities, ... Read More The post Why a former Rio Tinto executive is backing Gold Mountain’s PNG porphyry potential appeared...

Special Report: Gold Mountain has secured $2 million in funding and is advancing exploration at its flagship Wabag copper-gold project ... Read More The post Gold Mountain secures funds as PNG exploration beckons appeared first on Stockhead...

Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. In this episode Barry ... Read More The post Explorers Podcast: Gold Mountain’s PNG assets are showing potent porphyr...

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...

Special Report: Copper-gold explorer, Gold Mountain Limited, has announced discovery of  high-grade copper samples from its newly granted and highly ... Read More The post Gold Mountain unlocks high grade copper at Mt Wipi appeared first on...

Special Report: Copper-gold explorer Gold Mountain has announced plans to initiate a targeted deep hole drilling campaign to unlock a potential porphyry system, with drilling set to start next month following easing of COVID-19 mining restr...

The sudden drop in spot gold prices and reintroduction of COVID-19 restrictions in New Zealand have hit the relevant ASX small caps this morning. After 100 days of being virus-free, four COVID-19 cases were detected in the country. New Zeal...

A quick wrap of the ASX’s key winners and losers on Friday, July 17. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 712 stocks rose, 606 declined and 789...

Predictions of copper prices rebounding rapidly as global economies begin to emerge from coronavirus-induced hibernation and major government spending programs kick in are starting to look bang on the money. Copper prices sank below $US2.10...

Special Report: PNG explorer Gold Mountain Limited is assembling a heavyweight team of advisors as it ramps up its search for the next major copper-gold porphyry system along the Papuan Mobile Belt. Gold Mountain (ASX: GMN), which is led b...

Special Report: PNG explorer Gold Mountain has Mother Nature to thank for a recent breakthrough at its flagship Wabag copper-gold project that looks to have significantly increased the size of its highest priority prospect. The Monoyal pros...

SPECIAL REPORT: With every update from its diamond drilling program at the Monoyal prospect within its Wabag Project in Papua New Guinea, Gold Mountain Limited gets closer to confirming the discovery of a major copper-gold porphyry system....

Copper miners and explorers could end 2020 as big winners, with analysts predicting a recovery in the price of the red metal as massive government stimulus spending drives demand and interruptions at major mines in Latin America limit suppl...

Papua New Guinea is renowned for its rich mineral endowment, evidenced by the large number of tier one copper-gold projects in-country. A prominent example is Ok Tedi, which is the longest running open pit copper, gold and silver mine in PN...