Articles On Orminex (ASX:ONX)

Highlights The ASX Small Ordinaries index plunged 2.47% to 3,168 by 12:30 PM AEDT. IS3, LRL and TVL shares are rallying today, going against the broader market sentiment. Investors with a low-risk appetite should stick to large and st...

Labyrinth Resources has completed the next step in its transformation, by selling its 50% interest in the Penny’s Find gold mine in WA to JV partner Horizon Minerals. The move continues the rapid makeover Labyrinth (ASX:LRL) has engineered...

Lithium minnow MinRex added to Garimpeiro’s imaginary, high-performing five-stock portfolio Labyrinth hits visible gold, hires former Northern Star geology boss Scorpion (gold, iron ore, nickel-copper, PGEs), Brockman (iron ore) and Kaili...

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

Micro-cap explorer Amani Gold responds to second speeding ticket in 30 days after shooting up 250%. Vimy Resources gets key WA mines department approval as it looks to meet ‘substantial commencement’ deadline. Brightstar secures funds for...

Another alleged Telegram group pump, this time involving recently listed explorer Albion Resources Eastern Iron inks deal with $7.7 billion market cap Chinese firm Yahua to acquire and develop lithium projects Energy Metals, A-Cap today’s...

The ASX 200 rose 0.41% to close at 7,535 while the ASX Emerging Companies Index gained another 1.36% to close at 2,362 points. All sectors were in the green except energy and utilities which lost 1.44% and 1.19%. The best performing sectors...

It was a positive start to the week for the Australian bourse. The ASX 200 rose 0.22% to 7,505 while the ASX Emerging Companies Index gained nearly 2% and closed at 2,331 – a two week high following a 6% drop in the week before last. The ga...

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...

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...

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...

The 2021 drilling program and updated mineral resource estimate has improved geological confidence with an increase in mineralisation reporting to the indicated resource category to 83% from 64%.

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...

REZ will bring the Granny Venn mine back to life in late June having now been given the go ahead by the Western Australian government. Resources & Energy Group (ASX:REZ) has locked in approval to restart mining at the Granny Venn gold m...

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...

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...

“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...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Exceptional rock chip results of up to 250g/t gold at the Star prospect have highlighted the prospectivity of TechGen’s El Donna project near Kalgoorlie. The strong result from quartz vein material at the underexplored prospect, which consi...

TechGen Metals Limited (ASX:TG1) hit the ground running after it listed earlier this month, starting its drilling campaign almost immediately. The fruits of that labour are now becoming evident after the company this morning announced Rock...

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...

ORMINEX says results from infill and resource definition drilling at the Penny's Find prospect north of Kalgoorlie indicate “excellent mineralisation ...

Source: ShutterstockProfessional, Shutterstock Summary Orminex’s share price has seen a sharp surge today, rising 42.5% to A$0.057. Investors are looking at DigitalX’s shares as a direct proxy to Bitcoin, resulting in a price surge of...

TechGen Metals Limited (ASX:TG1) couldn’t have wished for a better start when it commenced trading on the ASX on Tuesday with its shares closing at 29 cents, implying a premium of 45% to the IPO price of 20 cents per share. The company fini...

Spot uranium prices have made a move past +US$30/lb, sparking a surge in Aussie uranium stocks Colombian explorer Los Cerros pulls up spectacular 460.9m intercept grading 1.11g/t gold Bastion (gold) Orminex (gold) and Rumble (silver, lead)...

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...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday t...

Horizon Minerals has secured an equal stake in Penny’s Find gold mine, paying $1.5 million in cash to Orminex. The stake will also see Horizon fund the first $1 million in pre-developments before the joint venture becomes equally funded. Ho...

ASX-listed gold developer, Horizon Minerals has completed its previously announced agreement to buy a 50 per cent interest in the high-grade Penny’s Find underground satellite gold deposit in WA’s Eastern Goldfields from Orminex for a total...

The Horizon Minerals Ltd (ASX: HRZ) share price is taking off today, currently up 5% to 10.5 cents after revving 10% higher in morning trade. This comes after the gold miner announced the completion of a deal with fellow ASX gold share Orm...

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...

REZ is on track to restart mining at the Granny Venn open pit mine at the East Menzies gold project within the next quarter after inking a lucrative profit-sharing deal that requires no upfront spend by the company.   Resources & Energy...

Summary Horizon Minerals concluded Trial mining at the Boorara Gold mine while the results of two toll milling campaigns have been announced. Horizon received remarkable results from drilling undertaken at Binduli and Rose Hill. Durin...

Horizon Minerals has signed a development joint venture (JV) with Orminex for the Penny’s Find gold project in Western Australia. Horizon subsidiary Black Mountain will pay $1.5 million in cash to advance Penny’s Find and will hold a 50 per...

Summary A binding agreement was executed between Horizon Minerals and Orminex Ltd concerning the former’s acquisition of 50% interest in Penny’s Find gold project for $1.5 million cash. The acquisition aligns with Horizon’s regional co...

Penny’s Find is a high-grade, underground mining and toll treatment opportunity with near term cash flow potential and longer-term exploration upside.

Spot gold has climbed past the $US2,000 ($2,758.65) an ounce mark again as investors flocked to the precious metals after the US dollar slipped to a two-year low. The high gold prices in Australian dollar terms in the 2020 financial year ha...

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 key winners and losers on Monday, July 6. 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, 576 declined and 819 were u...

A quick wrap of the key winners and losers on Thursday, July 2. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 896 stocks rose, 428 declined and 785 were...

A quick wrap of the key winners and losers on Tuesday, June 23. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially  market-moving announcements during the day. Today 656 stocks rose, 677 declined...

A quick wrap of the key winners and losers on Monday, June 22. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow potentially made market-moving announcements during the day. Today 556 stocks rose, 793 declined a...

Gold remains in a holding pattern with spot prices dipping slightly from last week’s close of $US1,730.80 an ounce to the current price of $US1,723.95 an ounce. Currency exchange rates mean that Australian gold producers continue to enjoy a...

Stay on top of the latest executive appointments across the mining sector over the past week, including at BHP, Ausmex Mining, Gold Road Resources, and more. BHP is welcoming a new chief financial officer (CFO) to its ranks, David Lamont, w...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

THE ASX may have staged a Black Friday rally, and gold might be knocking around US$1600 per ounce, but it was cold comfort for Orminex, which ...