Articles On Viking Mines (ASX:VKA)

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...

Viking is cashed up for exploration and drilling of its First Hill gold project in Western Australia with $6.27m in the bank as of 30 September 2021. This is due in part to the receipt of US$3m ($4m) as part payment from the sale of the Ako...

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...

Viking is enjoying the sweet smell of victory after the High Court in Ghana ruled in its subsidiary’s favour in all aspects of its claims against the defendants. The positive court judgement upholds the company’s claim for the unfulfilled c...

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...

Viking Mines has kicked off a major 65-hole drill program targeting five high-priority targets at its flagship First Hit gold project in WA’s Eastern Goldfields region. The first target is First Hit North to follow up on the 1m at 13.52 gra...

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

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...

Step-out drilling at Viking’s First Hit project 50km west of Menzies has returned gold results that point to the potential for a second high-grade shoot. Notable results from the maiden diamond drilling program included 1m at 11.16 grams pe...

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...

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...

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...

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...

Viking has received a US$3m payment before transfer fees from its subsidiary company in Ghana as repayment of intercompany loans. This comes after Resolute Amansie received a US$3m payment from one of the defendants involved in the company’...

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...

What happened to the most talked about commodities in July? Gold bounced back from recent lows to record a solid 2.54% gain (that’s +4.12% in Aussie dollar terms). The base metals suite – aluminium, copper, lead, nickel, tin and zinc – all...

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...

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...

Veteran mining professional Dave Hall has joined the board of explorer Viking Mines (ASX:VKA) as non-exec director. Hall explains what attracted him to the gold explorer and its assets. Hall has 35 years mining sector experience, most recen...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

The ASX 200 managed to regain some of its lunchtime losses of 1.5%,  closing just 0.93% lower. For the week, the Aussie index finished lower by 0.48%. All 11 sectors were down today, with Technology falling by over 3%, and Consumer Discreti...

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...

There’s nothing quite as exciting for an explorer as visible gold, which is just what Viking Mines has found beneath historic workings at the ‘First Hit’ gold mine. Viking Mines (ASX: VKA) revealed that 2 of 6 holes from a diamond drilling...

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...

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...

Iron ore explorers Carpentaria and Genmin make substantial gains as prices surge  IP survey identifies “exciting” 2.5km-long anomaly at SI6 Metal’s ‘Airstrip’ prospect Here are the biggest small cap resources winners in early trade, Tuesd...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Viking Mines has intersected visible coarse gold with assays of up to 1m at 47.05g/t gold from diamond drilling at its First Hit mine in WA’s Eastern Goldfields region.  The initial results from the second phase drilling also intersected 10...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers during the trading day. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intrad...

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...

Viking Mines (ASX:VKA) is confident that longstanding litigation over the unpaid proceeds from the sale of the Akoase gold project in Ghana will go its way. This comes after its legal team presented evidence to the Ghanaian High Court (Comm...

Viking Mines (ASX:VKA) has wrapped up the second phase of diamond drilling at its First Hit mine in Western Australia’s Eastern Goldfields region. The company completed 19 drill holes totalling 3,924m under the Phase 1 and Phase 2 drilling...

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...

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...

Last week we talked spot gold, and since that time gold has largely held at US$1900/oz – which is a welcome consolidation given the straight-line drive from levels below US$1700/oz at the start of April. This week we look at Viking Mines (A...

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...

Viking has kicked off step-out diamond drilling aimed at proving its belief that historical drilling at its First Hit mine was ineffective. Observations of historical drilling by previous owners and its own drill data have allowed the compa...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.   WINNERS Scr...

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...

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...

Viking has wrapped up the Phase 1 diamond drilling program just three months after acquiring the historical project near Kalgoorlie, Western Australia. Of the 13 holes and 2,596.9 metres Viking Mines (ASX:VKA) has drilled, 10 holes have had...

“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...

Viking Mines (ASX:VKA) is putting on serious exploration muscle with chief executive officer Julian Woodcock moving up into the top role as its managing director. His appointment comes as the company progresses the Phase 1 drilling program...

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...

A commitment of capital raising will extend the Viking Mines’ Phase 1 drill programme of First Hit Project before commencing Phase 2. A total of 111,111,111 ordinary shares were set to be issued at a price of $0.036 per share in an oversub...