Articles On Magnum Mining and Exploration (ASX:MGU)

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...

Magnum Mining and Exploration (ASX:MGU) has struck a memorandum of understanding (MoU) with Saudi Arabia-based Middle East for Metallic and Industrial (Midmetal) over the Buena Iron Project in Nevada. The MoU forms the basis for the two...

Magnum Mining (MGU) and Midmetal join forces in an MOU to develop a magnetite mine and processing plant in Nevada at MGU’s Buena Vista project The partnership forms part of MGU’s strategy to establish HIsmelt facilities in the USA for gr...

Stockhead’s Top 10 at 10-ish, published at an appropriate time each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live (not frozen!) data. It’s a short, sharp update to help frame the trading day...

The ASX 200 has slipped just a touch in early trade and has been sitting around the 7140 mark. In the news so far, AGL Energy (AGL) is trading a little higher after announcing it’ll keep its Loy Yang coal power station in operation until...

Magnum Mining and Exploration (MGU) completes a technical feasibility refresh of its Buena Vista Iron project in Nevada The refresh is a fine-tuning of the project’s 2011 feasibility study and includes its recently announced scoping stud...

The ASX has plummeted more than 100 points in early afternoon trade with all the sectors in the red. IT took the biggest hit, down more than three per cent and followed closely by materials and financials. Xero and WiseTech dragged IT...

Magnum Mining and Exploration (MGU) is investigating existing stockpiles of ore on-site at its US Buena Vista project to potentially accelerate the path to production The company reports the stockpiles exist near where Magnum expects to...

The ASX200 is up more than 50 points in early afternoon trade, with all sectors except real estate showing gains. The Reserve Bank has released the minutes from its August meeting when it kept interest rates at 4.1 per cent. Minutes r...

Magnum Mining and Exploration (MGU) appoints New York City-based law firm Ellenoff Grossman and Schole LLP to handle its capital-raising activities in the USA At the beginning of August, the company announced its active pursuit of financ...

Magnum Mining & Exploration (ASX:MGU) has enlisted the services of New York-based law firm Ellenoff Grossman & Schole to facilitate its capital raising activities in the United States. Founded in 1992, Ellenoff Grossman & Schole...

Magnum Mining & Exploration (ASX:MGU) has suffered a bumpy start to the week, with its shares diving more than 30% following the release of a Scoping Study for its Buena Vista Iron Project in Nevada, US. Undertaken by MinRizon Projects,...

The ASX200 dipped more than expected in early trade, close to a per cent, let down by nearly all the sectors. Only communication and energy held up in the green. There was a new listing on the ASX today, and those who invested with L...

Magnum Mining and Exploration (MGU) completes a “positive” scoping study for its proposed Buena Vista iron project in Nevada, USA The study underscores the technical and economic viability of the project, with a focus on the mining and b...

Magnum Mining and Exploration (ASX:MGU) has begun optimising its mine planning at the Buena Vista Iron Project in Nevada to deliver ‘high-grade’ feed, decrease the payback period, and reduce risk. The $36.67 million market capitalisation co...

The ASX has seen a slight lift, up almost 0.2 per cent in early afternoon trade. Materials are leading the sectors up around half a per cent, good news for those attending Diggers & Dealers in Kalgoorlie. The sector is followed cl...

Magnum Mining and Exploration’s (MGU) executives are in the USA to discuss project financing and a potential US market listing They will also meet with Mitsubishi representatives while in the country The executives will swing past J...

Futures were up 0.40 per cent this morning ahead of the ASX session, implying the bourse will rise upwards. Some 80 per cent of the US S&P 500 have reported; all major US indexes made small gains apart from NASDAQ, but all movements...

Magnum Mining and Exploration (MGU) share price is up 100 per cent over the last month The company has minted an agreement with Mitsubishi for the potential offtake of ore from its Buena Vista project in Nevada, USA MGU also continue...

The ASX200 has climbed nearly 0.8 per cent after better-than-expected inflation data announced yesterday. Real estate, IT and consumer discretionary sectors all rose more than two per cent amid hopes interest rates will remain steady. Th...

Magnum Mining and Exploration (MGU) reports one outcrop sample grading at more than 65 per cent iron from its Buena Vista project in Nevada, USA A drillhole intercept hit iron at a grade in excess of 50 per cent The results come from...

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...

Magnum Mining and Exploration (ASX:MGU) has embarked on a technical feasibility refresh of its wholly owned Buena Vista Iron Project in Nevada, US.  The $24.45 million market capitalisation company reports the refresh is aimed at accelerati...