Articles On Legacy Iron Ore (ASX:LCY)

Title Source Codes Date
Bulk Buys: Here’s why BHP is confident US$100/t is the right price for iron ore

BHP sees cost support for iron ore prices at between US$80-100/t It suggests strong margins could remain in place for a while, even as majors look to ramp up iron ore supply and questions hover over Chinese steel demand The process to sel...

Stockhead LCY 7 months ago
Gold Digger: Get set – if the ’70s is any guide, gold’s next leg up will be explosive

Similarities between the 1970s bull run, which saw gold soar 2,300%, and today “If the 1970s analogy holds, the next leg will be explosive”: Goehring and Rozencwajg This week’s top ASX precious metals stocks Our Gold Digger column wraps a...

Stockhead LCY 7 months ago
Gold Digger: China is hoovering up gold bars and De Grey is everything, everywhere, all at once

China’s gold imports have risen a massive 16% in the first half of 2023 Spot prices are down following the US Fed hiking interest rates to 5.5% De Grey has gold options here, there and everywhere in the Pilbara Our Gold Digger column wrap...

Stockhead LCY 7 months ago
Bulk Buys: The IEA reckons coal demand is … at record levels?

IEA predicts coal demand will remain around record levels in 2023, driven by China, India and South-East Asia Exports of thermal and met coal could outstrip 2019 record Rio boss admits China steel may have peaked Coal is on the nose with...

Stockhead LCY 7 months ago
‘We need at least 350 million tons’: Who’s going to feed the emerging green steel thematic? These ASX explorers

Around 70% of the world’s steel is still made in coal-fired blast furnaces which pump out two tonnes of CO2 for every tonne of steel produced, accounting for ~7% of global greenhouse gas emissions. A sizeable number. Emissions from steel mu...

Stockhead LCY 8 months ago
Gold Digger: ASX producers stack on gains as bullion bounces toward US$2000/oz

Gold surges to US$1960 on geopolitical risk, softer inflation figures Sold down ASX producers, project developers enjoy strong gains 5 +$1bn capped gold stock ink double digit gains, the rest not far behind Our Gold Digger column wraps al...

Stockhead LCY 8 months ago
Gold Digger: An investment in the ASX’s Gold Index one year ago would’ve netted a 40pc return, against just 6pc in the ASX 200

The All Ordinaries Gold Sub-Index (comprising 24 gold stocks)  is up 15.44% YTD, a massive 40.1% over the past 12 months, and 27% over the past 5 years Gold miners begin rolling out FY23 results Standout small caps of the week: Titan Miner...

Stockhead LCY 8 months ago
Gold Diggers: Bullion doesn’t know which way is up or down around US$1900/oz

Gold dips its toe below $US1900/oz, but it was too cold so it pulled back up Ora Gold scores a strike at Garden Gully Northern Stawell upgrades its gold inventory 59% Tanami to prove up more resources at its namesake gold project in the NT...

Stockhead LCY 8 months ago
Bulk Buys: Fitch has bearish take on steel markets but there could be second half upside

Try predict what commodity prices will do, and iron ore in particular, and they will make a fool of you. That’s what analysts, economists and forecasters do without any real sense of certainty, especially given the opaque nature of the Chin...

Stockhead LCY 9 months ago
Ground Breakers: Albemarle’s appetite for WA lithium shows no signs of being satisfied

Albemarle returns to WA lithium fray with $30m deal with ASX junior Corporate activity continues to ramp up in WA’s battery metals sector Lynas eyes August start for Kalgoorlie plant production Maybe Albemarle needs to get on Ozempic, the...

Stockhead LCY 9 months ago
Gold Digger: De Grey expands Mallina once again, and juniors unearth near-impossible gold grades

  De Grey gets bigger, and bigger, and even bigger ahead of its imminent DFS Catalyst Metals has some bonkers grades coming out of the Iris deposit at Four Eagles Cue: lots of gold. Musgrave’s Break of Day gold deposit returns “excellent”...

Stockhead LCY 9 months ago
CLOSING BELL: ASX adds 0.25%, Health Care remains on life support and GRE flew 223% on lithium chips news

After a more promising start, the ASX closed out the day up by 0.25%. InfoTech did well (+0.96%), but Health stocks are still anything but, down another 1.97%. Greentech went soaring, up 223% after rock chip assays showed signs of lithium...

Stockhead LCY 9 months ago
In Case You Missed It: Lithium, iron ore, and iron ore switching to lithium

Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.  It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms...

Stockhead LCY 9 months ago
Top 10 at 10: Greentech soars on spodumene discovery in WA’s emerging lithium hot spot

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Stockhead LCY 9 months ago
Gina Rinehart’s Hancock Prospecting seals lithium earn-in deal with Legacy Iron Ore and Hawthorn Resources

Gina Rinehart’s Hancock Prospecting has revealed the terms of a joint venture earn-in deal with two India-backed junior explorers that will get drill rods spinning across WA’s Central Yilgarn.

The West LCY 9 months ago
Corporate titans are splashing the cash to turn up the volume on Aussie lithium

Delta Lithium nets $46.4 million investment as Japanese conglomerate Idemitsu takes 15% stake DLI exec chair David Flanagan says movement of conglomerates into lithium shows how high the commodity’s profile has become Deal cements that WA...

Stockhead LCY 9 months ago
CLOSING BELL: Health stocks pronounced DOA, but nickel steps up to save the day

ASX lifts its game 0.32%, buoyed by positive vibes from the goons on Wall Street overnight. Local Health Care stocks found bleeding heavily and rushed to hospital. Golden Mile Resources finds a nickel or two – and around 150% worth of gain...

Stockhead LCY 9 months ago
Explorers go into trading halts ahead of potential lithium deal with Gina Rinehart

The billionaire’s Hancock Prospecting has been considering the lithium potential of the Mt Bevan project held with Legacy Iron Ore and Hawthorn Resources.

The West LCY 9 months ago
Bulk Buys: Why has coal retreated so fast from last year’s record highs?

If coal’s crazy 2022 was a wonder to behold and a watershed moment for investors who have spent years chastising the ESG lens that has quickly and loudly engulfed the resources market, 2023 has been a chastening experience for those who tho...

Stockhead LCY 9 months ago
Gold Digger: Gold could go parabolic if the US dollar is toppled as world’s reserve currency

The USD’s status as the world’s reserve currency is under attack: Goehring & Rozencwajg This could be a rocket under the price of gold, most trusted store of value across the globe for over 3,000 years Weekly Small Cap Standouts: Iceni...

Stockhead LCY 9 months ago
Gold Digger: The Platinum Group Metals sector is at a crossroads, and no one can agree what the future looks like

Perspectives on key demand drivers and their implications for PGM demand are diverging Biggest demand sector for PGMs is auto catalysts in car exhausts which are being phased out by EVs Producers relying on an emergent hydrogen economy to...

Stockhead LCY 9 months ago
Market Highlights: AI stocks on fire as Nvidia hits $1 trillion market cap; oil and coal prices tumble

Local shares are set to open higher on Tuesday, after Nasdaq climbed AI stocks have once again fuelled the rally Oil and coal prices have tumbled    Aussie shares are set to open lower after a mixed session in New York. At 9am AEST, the A...

Stockhead LCY 9 months ago
Bulk Buys: China’s State buyer not breaking the iron ore price just yet

China’s state iron ore buyer seems to be costing its mills more money than it is saving them in price negotiations with miners Reuters reports little has changed in the iron ore trade since the much-hyped introduction earlier this year of...

Stockhead LCY 9 months ago
Legacy Iron Ore moves towards commercialisation at Mt Celia Gold Project

Perth-based explorer Legacy Iron Ore (ASX:LCY) is moving towards commercialisation with the completion of grade control drilling at the Mt Celia Gold Project in Western Australia. The company reports the drill program totalled about 6,000m...

Mining.com.au LCY 9 months ago
Bulk Buys: Falling met coal prices throw a line to iron ore miners

Falling met coal prices have helped stabilise steel mills, providing solace for iron ore miners who have seen prices fall Chinese property data remains a concern for iron ore: NAB Genmin submits mining permit application ahead of FID for B...

Stockhead LCY 10 months ago
Gold Digger: Unlike 2020 and 2022, this gold price breakout has legs

Gold sold off violently from highs in 2020 and 2022, but is holding its ground in 2023 “An important bullish signal for gold could be a weekly close above US$2035, the highest close in history”: FxPro Weekly ASX small cap standouts: Chesse...

Stockhead LCY 10 months ago
Bulk Buys: Dartbrook’s return shows thermal coal isn’t going away just yet

Despite prices falling this year, Australian Pacific Coal interim CEO Ayten Saridas says the thermal coal market has legs Its Dartbrook mine restart is one of a handful of coal developments approved to come online in the coming year Iron o...

Stockhead LCY 10 months ago
Gold Digger: Bullish? Aussie gold producers are adding hedges as high as $3200/oz

ASX miners adding to hedge books at prices up to A$3200/oz – well above record highs Heavy hedging a vestige of times past due to losses suffered in the late 90s, early 2000s Regis Resources still has 145,000oz of legacy hedges at frighten...

Stockhead LCY 10 months ago
Gold Digger: The last time interest in buying gold and silver was this high, the global economy was collapsing

Aussie Google searches for ‘how to buy and gold and silver’ at 12 year highs Reporting season: Wednesday small cap standouts: GBM Resources, Ora Banda Mining Our Gold Digger column wraps all the news driving ASX stocks with exposure to pr...

Stockhead LCY 11 months ago
Gold Digger: Gold and silver are up 20-30% in six months, handily outperforming all the major indexes

Gold and silver edged higher Tuesday to US$1996/oz and US$25.15/oz Unhedged Gold Road Resources (ASX:GOR) sells 41,818oz in March quarter at a record average price of A$2,764 per ounce Small Cap Standouts: Metalstech, Los Cerros Our Gold...

Stockhead LCY 11 months ago
Gold Digger: The last time the US deficit blew out this bad gold went on a 10-year, 700% bull run

US deficit blew out in the early 2000s, sparking a major bear market for the USD This was a catalyst for a major increase in price of gold, from US$250 in 2001 to a high of ~$2,000 a decade later: Jesse Felder Yesterday’s ASX News Highligh...

Stockhead LCY 11 months ago
Top 10 at 10: LNG mega projects, high grade iron ore, and an advanced ionic REE play

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Stockhead LCY 11 months ago
Bulk Buys: Chinese steel mills stay busy as iron ore market waits for signals

Chinese steel and iron ore demand an opaque picture as always as strong prices remain Sundance continues legal fight over African iron ore project Could ASX-listed Siberian coal miner be falling foul of Australian sanctions? Chinese steel...

Stockhead LCY 11 months ago
Gold Digger: Gold again stumbles at small hurdle, but ‘path towards record territory is still there’

Gold, eyeing record highs (~US$2070/oz) just days ago, has been chopped down to ~US$2000/oz Gold’s path towards record territory is still there, it just might take a little while longer: OANDA’s Ed Moya Silver holds the psychologically sig...

Stockhead LCY 11 months ago
Gold Digger: Is Genesis’ $600m bid for Leonora a good deal for besieged St Barbs shareholders?

Rejigged deal will see embattled St Barbara sell flagship Leonora gold assets to Genesis Minerals for ~$600m in cash, shares Deal “reflects the deterioration over recent months in both SBM’s financial and operational position”: Gavin Wendt...

Stockhead LCY 11 months ago
Gold Digger: Macro drivers point to a gold bull market. Why hasn’t it happened yet?

Despite a bullish backdrop – COVID, war, inflation shocks, bank failures – gold has traded in an oddly tight range Liberum says all these demand drivers are being ‘cancelled out’ by Fed-led inflation-targeting rate hikes Gold paying US$201...

Stockhead LCY 11 months ago
Bulk Buys: Are the bulks a buy? We asked Tribeca’s Todd Warren for his take

Tribeca Investment Partners portfolio manager Todd Warren gives us his take on bulk miners and commodities Champion Iron could be a long term beneficiary of rising spreads for higher grade iron ore Glencore and Teck, currently involved in...

Stockhead LCY 11 months ago
Gold Digger: Investors, central banks ‘flock to gold in bulk’

Banking crisis sparks gold ETF inflows for the first time in 10 months Central Banks continue buying up gold at record levels Every larger gold stock on our list enjoyed gains this week led by double digit gains for the mid-tier and advanc...

Stockhead LCY 11 months ago
Gold Digger: Finally! Gold smashes though resistance at US$2000/oz as US economy comes apart at the edges

Gold breaches US$2,000oz with ease on weak US economic data A weaker jobs report Friday could see record highs tested Wednesday small cap standouts: Investigator, Labyrinth, Rox Our Gold Digger column wraps all the news driving ASX stocks...

Stockhead LCY 11 months ago
Gold Digger: US$1550/oz by 2028? The Australian Government is super bearish on gold, for some reason

Resources and Energy Quarterly (R&EQ) analysts reckon gold will tumble to US$1550/oz by 2028 Don’t fret: recent R&EQ gold predictions have been way off the mark Monday’s Precious Metals Stock of the Day: Battery Minerals (ASX:BAT)...

Stockhead LCY 11 months ago
Gold Digger: Investors are dipping a toe into gold stocks ahead of anticipated bull run

Gold ($US1981/oz), silver ($US23.91/oz) continue to trade just below recent highs All top 15 stocks by market capitalisation gained between 2- 20% this week, for an average of 8% ASX gold standouts this week: Regis Resources, Ramelius Reso...

Stockhead LCY 11 months ago
Gold Digger: Gold could breeze through US$2600/oz on interest rate pivot, expert says

FxPro predicts US$2600/oz gold price, sparked by changes in monetary policy 6 of the top 8 gold stocks by market cap have made double digit gains so far in 2023, led by Newcrest (ASX:NCM) with 29% Our Gold Digger column wraps all the news...

Stockhead LCY 11 months ago
Gold Digger: Who takes the cake for the best gold discoveries in the last five years?

Ramelius Resources reigns supreme with top gold discoveries in the last five years Newcrest Mining is close on its heels, taking out 2nd place This amateur prospector just found a gold nugget worth $240K    Our Gold Digger column wraps a...

Stockhead LCY 1 year ago
Bulk Buys: FMG puts back first production for US$3.9b Iron Bridge mine again

Fortescue Metals Group signals another, this time minor, delay at its Iron Bridge development First production from the 22Mtpa magnetite mine is due in late April Pearl Gull announces maiden resource at Cockatoo Island Andrew Forrest’s Fo...

Stockhead LCY 1 year ago
Gold Digger: Money-laundering church pastors are taking advantage of gold’s status as a stable, universal currency

Al Jazeera investigation uncovers ‘money washing’ scheme using Zimbabwean gold involving senior diplomats, church leaders Zimbabwe produced a record high ~356t (12.5Moz) gold in 2022 Fast-deprecating currency makes Zimbabwe perfect breedin...

Stockhead LCY 1 year ago
Gold Digger: Are we getting closer to a rhodium breakout?

While gold has shined this year, platinum group metals are well off their recent highs Metals Focus says rare PGE rhodium could be in for a rerate this year that big Used in catalytic converters, rhodium supply is in deficit and largely co...

Stockhead LCY 1 year ago
Gold Digger: How big is that Chinese gold discovery really?

Chinese media announced a major “50t” gold discovery over the weekend, containing metal worth “US$3 billion” In the grand scheme of things it doesn’t appear that big Christian joins Gold Digger live from France to unpack the US Fed meeting...

Stockhead LCY 1 year ago
Bulk Buys: New Hope pays monster dividend, could double production

New Hope pays monster dividend on last year’s coal boom Targeting doubling of production in three years, with expectations demand will outstrip supply despite ESG pressures Magnetite completes optimisation study ahead of high grade iron or...

Stockhead LCY 1 year ago
Gold Digger: Forecasters get bullish with banking crisis to drive gold towards all time high

Gold prices threaten $3000/oz in Aussie dollar terms Fitch says they could move towards US$2075/oz record, but are likely to hit resistance Besra up after announcing US$300m funding deal for 3Moz Bau gold project in Malaysia Our Gold Digg...

Stockhead LCY 1 year ago
Gold Digger: Bank maelstrom helps gold crash through local record. Where are we headed next?

Gold prices surge 3% on bank fears, threatening US$2000/oz This week’s rate decision by the US Fed could weigh on gold after prices broke through Australian dollar record $2900/oz Ramelius down on Breaker deal, Tietto up after commissionin...

Stockhead LCY 1 year ago