Articles On Magnum Mining and Exploration (ASX:MGU)

The Australian sharemarket is expected to retreat at open today with ASX 200 futures forecasting a 0.28% drop after Wall Street lost its early momentum. Traders hesitated overnight after South Korea’s president declared martial law. The...

If you’re the kind of person who pays attention to goings-on in the ASX’s vast junior explorer ecosystem, you may have noticed in the last few years the name of a particular Kingdom popping up quite a lot. In case it isn’t obvious from t...

If one could pick a word to describe Magnum Mining and Exploration Ltd’s (ASX:MGU) progression of the Buena Vista Magnetite Project and the associated HIsmelt Green Pig Iron Project in Saudi Arabia, it would be ‘relationship’. Because ad...

Magnum Mining and Exploration (ASX:MGU) has had the entire bulk sample from its Buena Vista Iron Project in Nevada put to the metallurgical test – and the results haven’t disappointed. That 432kg sample produced magnetite concentrate of...

While it’s far from true to say global trade has become fully ‘deglobalised’ at the halfway point of 2024, when it comes to critical minerals, there’s a very clear trend towards that end in the US. Or, at least, a pull away from China –...

Niobium. Can’t keep it out of the ressie news lately. Reach is today’s high-grade news source, leading the sector’s gains Ora Gold meanwhile is faring well on its recent news, if not the company’s latest half-yearly financials Classic, Sup...

James Bay Minerals and Metalsgrove Mining are bringing the lithium gains love for investors today Meanwhile, Group 6 Metals has breezed past them with a larger intraday pump, thanks to its Tassie tungsten update MGU and GML also having a p...

Australia’s latest Gross Domestic Product data has increased by only 0.1% quarter-on-quarter, after notching 0.3% in Q4 of 2023.  The data represents another consecutive expectation miss, with analysts predicting an increase of 0.2%. ...

05 Jun 2024 - A snapshot of the stocks on the move, featuring Calmer Co International (ASX:CCO), PharmAust (ASX:PAA & PAAOA) and Magnum Mining & Exploration (ASX:MGU).

  The Calmer Co. International (ASX:CCO), a health and wellness company focussing on natural products that promote calmness, support relaxation and improve sleep. Informs shareholders that May sales have materially increased with ecommerce...

Stockhead’s Top 10 at 10, published at ~10.40am 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...

Magnum Mining and Exploration Limited (ASX:MGU) has rolled out metallurgical testing on a bulk sample of magnetite from its Buena Vista Iron Project in Nevada, showing the potential for a high-grade concentrate of 68.3 percent (iron) to be...

Though the week is young, a number of explorers have sought to top up their coffers with fresh capital raises, with Magnum Mining and Exploration (ASX:MGU) conducting a capital raising of “no less than” $210 million. The company has ente...

ASX flat on Monday,  ahead of Federal Budget Tuesday night Oil weakness drags Energy sector lower Chinese shares slump on new US tariffs   After advancing 1.5% last week, the ASX200 fell flat on Monday – greenish by 0.01% – dragged down m...

The ASX200 is trading lower than predicted, down 0.2 per cent. The discretionary sector has gained the most, up around 0.6%. Energy on the other end, has dipped 0.9%, followed by real estate, down 0.75%. Company News Southern Cross...

Stockhead’s Top 10 at 10, published at ~10.40am 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...

Through NASDAQ-listed VCCL and another private entity called 2×1.Digital, Magnum Mining (ASX:MGU) is kicking off a US$210M capital raise for its Saudi green pig iron plant. The company will see its own shares up for grabs, as well as sha...

Magnum Mining & Exploration Ltd (ASX: MGU) has solidified its plan to produce green pig iron in Saudi Arabia from American magnetite, with its newest quarterly report showing that technical testing, corporate consolidation and steps tow...

Magnum Mining (ASX:MGU) CEO Neil Goodman speaks to The Market Online‘s Executive Producer Sonia Madigan about his new role spearheading the company’s flagship project now that he has taken on the duties of Managing Director. Disclaimer:...

The ASX200 has peaked at a record 7838 points around midday (AEDT). Meanwhile at 2pm, the All Ordinaries index (largest 500 companies) hit 8098 points which is another all time high. Financials is leading the sea of green as far as s...

Magmatic Resources soars as Andrew Forrest’s Fortescue takes a stake and plans to fund up to $14m of copper drilling Aguia up as Colombian mine deal progresses Magnum exits trading halt with Saudi green iron JV Here are some of the bigg...

Magnum Mining is to acquire 50% of Saudi Midmetal “It is intended” Midmetal operate a green pig iron factory in the Kingdom This would be done using Magnum’s ‘HiSmelt’ tech Magnum Mining (ASX:MGU) has outlined a fresh overview o...

The ASX 200 index has retreated from its all time high levels on Monday after closing -0.15% lower. As a quick reminder, the index touched a record high of 7,769 last Friday. Sentiment fell after the ABS reported a 1.7% fall in Australian b...

Magnum Mining and Exploration (ASX:MGU) has retained Melbourne-based firm Cadmon Advisory to assist in locating and engaging a suitable partner for the development of biochar production facilities in Malaysia.  Magnum, which has a $22.5...

After early gains, ASX200 finished off the day pretty even – up only .13 of a per cent.  Energy stocks led the gainers, up 1.4 per cent, fuelled by news the Organisation of Petroleum Exporting Countries (OPEC) is looking to cut output to...

As expected, the ASX200 is up about .3 per cent. Energy is the strongest performing sector, gaining more than a per cent in early trade.  Optus CEO Kelly Bayer Rosmarin has resigned in the wake of the nationwide outages that left more th...

Magnum Mining (MGU) has completed a five-year mining schedule for its Buena Vista Iron Project in Nevada The plan boasts higher ore grades SRK Consulting were instrumental in developing the schedule MGU has been trading at 3 cents...

The ASX200 is up, lifting almost half a per cent. Most sectors are in the green, with real estate and materials leading early gains again today, both up more than 1.5 per cent. The $18.7 billion takeover bid for Origin Energy (ASX:ORG...

Magnum Mining and Exploration (ASX:MGU) and Midmetal of Saudi Arabia agree to jointly fund a feasibility study on producing zero-carbon pig iron Both companies will work together on the study, which will investigate the development of a...

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by...

Benchmark ASX crawls back to close +0.12% in the green Seven Sectors close higher, led by REITs and Consumer stocks Small caps led by TOY and Patriot Lithium   The benchmark has ended a good morning with a wretched afternoon, as selling a...

Magnum Mining and Exploration (ASX:MGU) is seeking to produce iron ore from a brownfield mine site in Nevada The company’s acreage used to be owned by US Steel Brokerage firm Arrowhead has recently kicked off client coverage of Magnu...

The ASX200 is trading higher today, but only just. In the sectors, materials have had a strong run – up 1.7 per cent. On the other end, consumer staples are down almost 1.6 per cent. The Australian Bureau of Statistics has released th...

Magnum Mining and Exploration (ASX:MGU) ends Q1 FY24 with $3.5 million in cash The company advanced talks to list on a US stock market across the quarter An updated feasibility study promotes an output forecast of 800,000 tonnes per...

The ASX200 is trading flat today – up – but not even by two points! As far as the sectors go, it’s a mixed bag, but energy’s leading the way, gaining just over a third of a per cent. Amongst the better-performing stocks today was the...

Magnum Mining and Exploration (ASX:MGU) inks a MOU with Levin-Richmond Terminal Corporation Levin-Richmond Terminal Corporation operates a rail terminal and port facility in Richmond, California This port connects directly by rail to...

Magnum Mining & Exploration (ASX:MGU) has entered into a memorandum of understanding (MoU) with Levin-Richmond Terminal Corporation, operators of a rail terminal and port facility located in Richmond, California. The port and its exi...

Magnum Mining and Exploration (MGU) is raising $2.65 million in a placement to sophisticated and institutional investors The placement was completed at an issue price of 3.3 cents each, with a 1 for 2 free attaching option The compan...

Stockhead’s Top 10 at shortly-before-11-ish, published earlier than normal today, because of an uncharacteristic burst of optimistic energy, which may or may not be related to a change in medication. I’ll ask all the lizards seeping out of...

Magnum Mining & Exploration (ASX:MGU) has raised $2.65 million via a placement to help accelerate the development of the Buena Vista Iron Project located in Nevada in the US and working capital. The capital was raised through a one-t...

ASX 200 falls sharply from the open, tracking Wall St sell off ahead of US CPI read tonight Most sectors decline led by Tech and Industrials Tempus Resources jumps 50%, cops a speeding ticket   Australian shares stepped off the into th...

The ASX200 ended the week a little lower, down .2 of a per cent. Utilities managed to pick up more than a per cent, while materials were the worst performer, shedding one per cent. In the green And looking at utilities, Genex Power...

The ASX200 has traded down about point four of a per cent this morning.  Sector performances varied, with utilities leading with a gain of .7 per cent, while materials stocks shed just shy of a per cent.  Mining giants BHP, FMG and Ri...

Magnum Mining and Exploration (ASX:MGU) and Anglo American have entered into a nonbinding memorandum of understanding (MoU) to progress negotiations towards the offtake of the Buena Vista Iron Project in the US.  The $26.77 million marke...

At noon, the S&P/ASX 200 is 0.42 per cent lower at 7,141.20. Oil prices are on track for a weekly gain due to several factors. OPEC+ leaders, Saudi Arabia and Russia, have decided to extend supply cuts through the end of the year. West...

08 Sep 2023 - A snapshot of the stocks on the move, featuring Advanced Share Registry (ASX:ASW), Magnum Mining & Exploration (ASX:MGU) and Ava Risk Group (ASX:AVA).

  Advanced Share Registry (ASX:ASW) has entered into a Scheme Implementation Deed with Automic under which Automic will acquire 100% of the fully paid ordinary shares. In response, ASW Chairman, Simon Cato, said: “Automic represents a logic...

Magnum Mining and Exploration (MGU) enters into a nonbinding MOU with leading global mining company, Anglo American Both parties aim to progress toward a definitive and binding offtake agreement for up to 100 per cent of the production f...

MoneyTalks is Stockhead’s regular recap of the ASX stocks, sectors and trends that fund managers and analysts are looking at right now. Today we hear from Simon Popple of Brookeville Capital, a highly-regarded expert on all things gold. Whe...

The ASX200 closed the week down nearly point four of a per cent, as expected. Most sectors ended in the red, while energy bucked the trend as the top-performing sector – up more than one and a half per cent. Healthcare fell behind – a...