Articles On GWR Group (ASX:GWR)

Andrew Forrest said he wouldn’t bet against the price of iron ore this week as he addressed media and analysts in a lap of honour for Fortescue Metals Group’s (ASX:FMG) transformative 2021. That was driven by record high iron ore prices thr...

Hot Money Monday is typically the domain of ASX small caps, but this week saw plenty of larger companies near the top end of the list as investors responded to some reporting season surprises. Each week, Stockhead recaps ASX stocks that are...

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...

How’s that Aussie coal ban going for China? Prices of imported premium coking coal in the Middle Kingdom soared to record highs of US$384 per tonne while China looks around every nook and cranny to source the product it once got from our ea...

Ikwezi Mining (ASX:IKW) topped the latest Running Hot list with a 14-day RSI of 82, after two straight weeks where lithium stocks dominated. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength I...

It powers Australia’s economic engine room, but iron ore is sputtering after the spot price recorded its biggest single day drop on Friday since index pricing began. Fastmarkets saw iron ore prices for benchmark 62% fines to northern China...

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...

Guy on Rocks is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services prov...

The long deliberated Westport, south of Perth, has been the subject of a market briefing, as plans for Western Australia’s latest port facility look to satiate the state’s trade needs including ore and mineral exports. In Kwinana, the conce...

BHP (ASX:BHP) has taken advantage of 2021’s astonishing boom in iron ore prices to shower shareholders with a record dividend and kickstart the transformation of the world’s biggest mining house. Its final payout of US$2 per share came off...

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...

Fe Limited continues to build up stocks of iron ore ahead of the first export shipment while operations ramp up at its JWD project. Assays of port stocks have confirmed the premium quality of JWD ore with average grades exceeding 64% iron....

Aurizon has agreed to transport up to 500,000 tonnes of direct-shipment ore (DSO) per year for Macarthur Minerals, between West Kalgoorlie and Kwinana in Western Australia. The rail haulage agreement will allow Macarthur to accelerate plans...

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...

Iron ore prices fell to their lowest level in two and a half months on the back of noise about steel production cuts in China on Friday, only to moderate on Monday. A 7% flop in iron ore prices to a little over US$180/t to end last week wou...

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...

Australia’s newest iron ore producer Fe Limited wants to capitalise on high prices for the steelmaking commodity by upping its stake in the JWD iron ore project. Fe Limited (ASX:FEL) will pay $2.5 million to exercise an option for another 9...

Are Chinese steel margins on the way back up? Sliding and eventually negative steel margins in June led many analysts to the conclusion that high prices for iron ore would slide rapidly in the second half of the year as steel producers look...

There’s something to be said about certainty, which is exactly what Fe has achieved for its JWD iron ore project after reaching an offtake agreement with Glencore. Under the agreement, the leading international trading house will purchase 1...

Summary The ASX 200 added 8 points to settle at a new high of 7,394.4, led by health care and tech stocks. Shares of Star Entertainment and Crown Resorts ended lower on withdrawal of a merge proposal. Western Gold Resources made a wea...

Summary Western Gold Resources is set to make a debut on the ASX today. A subsidiary of GWR Group, the stock will commence trading at 11.00 AM AEST. The company has raised AU$7 million by issuing 35 million shares at 20 cents apiece....

Tasmanian iron ore producer Grange Resources (ASX:GRR) has become well known for the quality of its iron ore and, while small in volume, makes up for it in tactical nous by supplying pellets that grade around 65%. The Caleb Daniel of the ir...

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...

In spite of China’s complaints about commodity prices, iron ore was relatively steady in June after a volatile May, with benchmark 62% fines opening the first full week of the new financial year above US$220/t. Those price levels, up from a...

What happened to the most talked about commodities in June? Star performer iron ore hit US$US220/tonne (again) late in the month to be up ~38% year-to-date. The benchmark lithium price in index was up another 2.9% month-on-month, according...

It is on track to export 1 million tonnes of high-grade iron ore by December 2021 and is in the process of demerging its gold assets by the way of a proposed listing.

The GWR Group Ltd (ASX: GWR) share price went gangbusters today. At close of trade, shares in the mineral exploration company were swapping hands for 36 cents each – up 9.09%. The positive price movement comes as the company updates invest...

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...

In FY21 the ASX 200 returned over 20 per cent but the 100 best performing ASX stocks all gained over 390 per cent and made an average gain of 821 per cent. Stockhead has compiled a list (see below) of the 100 best performing ASX stocks base...

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services pr...

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...

The sun is shining again on Australian iron ore, at least for now, with prices again threatening to touch historic levels just one month after reaching record highs. Benchmark 62% fines opened the week in China at US$222.30 a tonne, just US...

Fe Limited has made another step towards progressing the JWD iron ore project in Western Australia after completing its first blast, with the crushing and screening plant to go online later this week. Fe owns a 51 per cent interest in the J...

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...

GWR Group has embarked on its goal to reach 1 million tonnes of iron ore shipped by December 2021. The company completed its fourth shipment of iron ore from the C4 operation, part of the Wiluna West project in Western Australia on May 16,...

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...

What a difference a week makes in iron ore. Seven days ago successful attempts from the Chinese government to put the kybosh on the iron ore price – from records of $US230/t to only near records of ~$US190/t – led to some apocalyptic takes...

Summary The S&P/ASX 200 scaled a new high on Thursday, ending 0.6% up at 7260.1. The index gained as much as 0.9% to hit a fresh intraday high of 7281.8. Australian engineering company Worley was the top gainer, rising 8.13% to AU...

• Benchmark 62% Fe iron ore price closes a wild month after 5.6% rally to $US198.75 • Iron ore futures trend higher at the end of a week dominated by talk about Chinese intervention • Coking coal finds price support as Aussie export prices...

Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services pro...

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...

Early last week, Chinese premier Li Keqiang said China needed to take more steps to curb “unreasonable” price increases for bulk commodities, right after we wrote this: Lol. Hubris.…which aged badly. Iron ore prices have fallen below $US200...

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...

Dynamic Drill and Blast Holdings (DDB) has agreed to acquire Orlando Drilling for around $21.4 million, almost doubling the company’s drill rigs. Orlando’s clients include Fortescue Metals Group, Gold Fields, Anglo Australian and Northern S...

Is this what winning a trade war looks like? Chinese sanctions on our wine, coal and lobster pale in comparison to the mammoth prices being paid for Australian iron ore. In fact, the Aussie government could rake in an extra US$34 billion ($...

GWR Group has renegotiated the mining rights agreement with iron ore producer Fe, as works ramp up at the JWD deposit within the Wiluna West iron ore project in Western Australia. Thee JWD deposit has a resource of 10.7 million tonnes and i...

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...

Iron ore 62 per cent fines prices were unchanged this week at US$188 per tonne Hard coking coal prices were up US$0.35 to $US111.13 per tonne at Queensland ports The Chinese steel industry has pointed the finger at the concentrated owners...

“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...

GWR Group has enjoyed haulage improvements in recent weeks, with the company expecting the June quarter to be a better reflection of its performance. The miner completed its third shipment of iron ore from the C4 operation, part of the Wilu...