Articles On West Wits Mining (ASX:WWI)

Title Source Codes Date
West Wits Mining (ASX:WWI) raises $2.5m for South African project

West Wits Mining (WWI) gets firm commitments from sophisticated and professional investors to raise $2.5 million The company will issue over 138.8 million shares at 1.8 cents to raise the funds, marking a 15 per cent discount to its 15-day... WWI 4 days ago
Closing Bell: Flat as on Aussie markets, but underground things are moving fast for Tempus Resources, up 60%

Aussie markets are flat, flat, flat (actually the benchmark found 0.1%) Banks are lower, consumer names higher Explorers Devex and Tempus have found big things in the ground   There’s about 15 minutes of trade on the ASX and I’m calling b...

Stockhead WWI 6 days ago
West Wits Mining (ASX:WWI) enters trading halt amid capital raise

West Wits Mining (WWI) enters into a trading halt ahead of a capital raise Currently, there are no details on how much the company is aiming to raise or where it plans to spend the money The halt means company shares will be paused until T... WWI 6 days ago
Gold Digger: US$3,000/oz gold price could be on the cards for 2023, mining boss says

EVN’s Jake Klein predicts US$2-US$3,000/oz gold price for this time next year Is a wave of merger and acquisition activity coming in the ASX gold space? Bounce back in vehicle production to boost PGM demand Gold price hits a four-week high...

Stockhead WWI 1 week ago
Gold Digger: Is this the rally gold bugs have been waiting for?

Gold price hits three-week high post-FOMC rates decision ASX Quarterly Gold Wrap: producers hit a low bar, investors are pleased Gold demand falls in H1 as cost-of-living pressures bite, WGC says Our Gold Digger column wraps all the news...

Stockhead WWI 2 weeks ago
Gold Digger: Gold slides 5% for July, recovery hinges on recession fears

Gold is down 5% for July and on a broader downward trajectory, Metals Focus says Aeris Resources’ Golden Plateau deposit could extend the mine life at Cracow Golden State Mining has kicked off drilling at the Yule project in WA   Our Gold...

Stockhead WWI 3 weeks ago
Gold Digger: Gold battles the dollar for safe haven status and JP Morgan in the hot seat

The US dollar looks set to reach 20-year highs, impacting gold’s safe haven status JP Morgan employees on trial in Chicago after ‘spoofing trades’ accusations PGM supply through the recycling of auto catalysts has taken a hit ‘cos Covid O...

Stockhead WWI 1 month ago
Gold Digger: US retail demand for gold, silver bars ‘almost insatiable’, Metals Focus says

Swiss data shows the highest total January to May bullion shipments since 2018 On a year-to-date basis US gold imports surged by 170% to 103t US also the largest destination for Swiss silver bullion, accounting for ~30% of the total; up fr...

Stockhead WWI 1 month ago
Gold Digger: The world’s top gold exec says bullion is enjoying ‘a new floor’ amidst inflation

Newmont’s Tom Palmer says gold may have found new floor of ~US$1600/oz in the wake of inflation With small gold miners are struggling with rising supply chain and labour costs, Palmer says consolidation in the sector makes sense Drilling r...

Stockhead WWI 1 month ago
West Wits Mining (ASX:WWI) to increase Witwatersrand Basin project ownership to 74pc

West Wits Mining (WWI) acquires its BEE partner Lilitha Resources’ interest in its subsidiary West Wits Mining SA The acquisition increases West Wits’ direct ownership interest of the Witwatersrand Basin Project (WBP) in South Africa to 74... WWI 2 months ago
Gold Digger: Old phones gathering dust? You’re sitting on a gold mine

1 gram of gold can be recovered from about 41 recycled mobile phones Mint Innovation can recover $US12,000 worth of gold from one tonne of old circuit boards Gold trades sideways at ~$US1,850/oz Our Gold Digger column wraps all the news d...

Stockhead WWI 2 months ago
West Wits Mining (ASX:WWI) secures finance facility with SBC Global

West Wits Mining (WWI) enters into an equity placement agreement with SBC Global Investment Fund The agreement will give West Wits up to $75 million of standby equity capital over two years Some of the funds will be used to advance the com... WWI 2 months ago
West Wits Mining on the next course of action after completion of its feasibility study

Proactive Investors WWI 2 months ago
West Wits Mining now trading on the OTCQB

“OTCQB trading provides West Wits Mining with access to the world’s largest investment market. A growing number of ASX listed mining companies have sought dual trading in the US, in order to provide North American investors direct and real-...

Proactive Investors WWI 2 months ago
West Wits Mining receives valuation of up to 12.1 cents from Pitt Street Research as it begins gold production

“We have now re-rated the stock to 6.1 cents per share base case and 12.1 cents per share optimistic case on the back of revised project estimates from the scoping study of March 2022,” said the report.

Proactive Investors WWI 2 months ago
Gold Digger: CHART – Frail Aussie dollar has local gold miners sitting pretty

US gold price down more than 10% or $200 from its peak But Aussie gold miners faring better due to weak AUD-USD exchange rate This week’s ASX standouts: Twenty Seven Co, OzAurum Resources Our Gold Digger column wraps all the news driving...

Stockhead WWI 3 months ago
West Wits Mining (ASX:WWI) pours first ore from WBP in March quarter

West Wits Mining’s (WWI) Witwatersrand Basin Project (WBP) in South Africa produced its first ore in the March quarter The WBP is set to deliver a 27-year life of mine with an estimated 16.1 million tonnes at a run of mine grade of 3.11g/t... WWI 3 months ago
Gold Digger: Stagflation to push gold through $US2,200 later this year, expert says

Gold price to hit $US2,200 as stagflation fears take hold U.S. and allies officially prohibit all transactions with Russia involving gold, one of its financial lifelines. Will it work? Gold price rebounds over past week to $US1,960/oz Our...

Stockhead WWI 4 months ago
Gold Digger: ASX stocks perform strongly in a volatile week for gold

War gossip/news remains the main driver of gold prices. The precious metal is having one of those volatile weeks where unless they timed their entry and exit perfectly, investors probably had a tough time whether long or short, says OANDA s...

Stockhead WWI 5 months ago
Closing Bell: Everyone likes a comeback. This isn’t one.

The ASX Emerging Companies (XEC) is 1.1% higher on Thursday, while the boring old ASX200 (XJO) is 1.2% higher. Here’s my overnight summary – a brief cessation of hostilities; a momentary lapse of reason; and everyone just chilled for a seco...

Stockhead WWI 5 months ago
West Wits Mining (ASX:WWI) study predicts 25-year mine life for Witwatersrand Basin gold project

West Wits Mining (WWI) releases a scoping study for its Witwatersrand Basin project (WBP) in South Africa that predicts free cashflow of $US511 million ($A712 million) from an operation producing about 65,000 ounces of gold a year across a... WWI 5 months ago
West Wits Mining scoping study confirms sustained profitability for WBP gold development

“These excellent and robust results from the scoping study confirm our clear strategy to advance the WBP into a significant gold production operation targeting 65,000 ounces per annum over a long life of 27 years at highly attractive econom...

Proactive Investors WWI 5 months ago
Gold Digger: ‘Oversold’ ASX Gold index soars 19% in a month

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

Stockhead WWI 5 months ago
3 ASX junior gold mining shares going gangbusters in 2022

ASX gold shares have been riding high in 2022 on the back of galloping gold prices. Initially fuelled by the spectre of rising inflation and more recently by Russia’s invasion of neighbouring Ukraine, gold has soared from US$1,829 at the b...

Motley Fool WWI 5 months ago
Who made the gains? Here are the top 50 resources winners for February

There were 0 producers in January’s Top 50 ASX resources stocks. In February there were 12, plus a handful looking to join their ranks by the end of the year. Why? Maybe reporting season underlined just how much money miners are making from...

Stockhead WWI 5 months ago
Closing Bell: Screwball takeovers and lack of war lifts ASX, small caps stunned

So basically, this is how I read it. Because of two really screwball takeover ideas involving the A2 Milk Co and AGL Energy —  two of the more screwball companies floating about on the benchmark index — the S&P/ASX200 is higher on Monda...

Stockhead WWI 5 months ago
West Wits Mining delivers first gold ore from Witwatersrand Basin Project in South Africa

“This is a historic moment for West Wits as we deliver our first ore from our Witwatersrand Basin Project. I must compliment the team, who were able to establish the site, rehabilitate the box cut and the declines and access the ore in a sa...

Proactive Investors WWI 5 months ago
West Wits Mining (ASX:WWI) mines first ore from South African gold project

West Wits Mining (WWI) successfully mines the first ore at its Witwatersrand Basin gold project (WBP) located in the West Witwatersrand Basin goldfield in South Africa WBP hosts a JORC-compliant mineral resource of 29 million tonnes gradin... WWI 5 months ago
Gold Digger: War (what is it good for?)

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

Stockhead WWI 5 months ago
18 Share Tips – 14 February 2022

Elio D’Amato, Spotee Connect BUY RECOMMENDATIONS West Wits Mining (WWI) WWI has approval for its 4.3 million ounce Witwatersrand Basin Project, and is expected to produce later this month. South Africa is a good mining jurisdiction and the...

TheBull WWI 6 months ago
Gold Digger: Investors are stashing a record amount of gold bars and coins as inflation fears bite

Alas. After teasing gold bugs with a push through $1,840/oz over the past week, we are now back below ~$US1,800/oz. Gold stocks can’t seem to catch a break. What gives? I don’t get it. PM miners didn’t even get the windfall of the market w...

Stockhead WWI 6 months ago
West Wits Mining initiated by Pitt Street Research with BUY recommendation and A$0.054 – A$0.076 share price target

“We have valued WWI at 5.4 cents per share base case and 7.6 cents per share optimistic case using the DCF approach, with conservative assumptions on annual gold production and gold prices," said Pitt Street Research.

Proactive Investors WWI 6 months ago
Closing Bell: Bullish mining and energy stocks pull the ASX above water, just

Bearish sentiment is still gripping the local markets, but the ASX managed to pull into itself into positive territory in the last 30 minutes of trading. The benchmark would have slumped more today had it been not for the Mining sector, whi...

Stockhead WWI 6 months ago
Gold Digger: Solar, electric vehicle demand could push silver market into long term deficit

Global silver demand hit ~1.02 billion ounces in 2021, the first time it has breached 1 billion since 2015, according to the Silver Institute. Of that, industrial demand hit a new high of 524 million ounces. And of that, photovoltaic (solar...

Stockhead WWI 7 months ago
Gold Digger: JP Morgan reckons gold’s gonna take a dive to $1,520/oz by Q4

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

Stockhead WWI 7 months ago
Gold Digger: Gold bulls are out in force, but expect turbulence

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Stockhead WWI 7 months ago
West Wits Mining raises A$5.8 million in well-supported rights issue

A further $2 million is expected to come by way of shortfall arrangements taking total capital raising proceeds, including a $A1.6 million placement, to A$9.4 million.

Proactive Investors WWI 7 months ago
West Wits Mining has first ore from flagship Witwatersrand Basin Project earmarked for February 

The project is expected to deliver a staggering 1.56 million ounces of gold over the course of its life, with output over 18 years averaging up to 90,000 ounces per annum.

Proactive Investors WWI 8 months ago
West Wits Mining (ASX:WWI) on track for first ore from Qala Shallows

West Wits Mining (WWI) further progresses its early mining initiative at the Qala Shallows Project in South Africa The initiative is delivering on schedule with the first ore expected around February next year West Wits has allocated a mon... WWI 8 months ago
Gold Digger: Early 2022 gold rally could turn sour mid-year

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

Stockhead WWI 8 months ago
Monsters of Rock: Could this beaten down gold miner be 2022’s comeback kid?

Regis Resources (ASX:RRL) has arguably been the largest casualty of the trend that has seen investor turn up their noses at gold miners who have, god forbid, been making boring old profits this year. The Duketon gold mine owner, a long term...

Stockhead WWI 8 months ago
West Wits Mining subsidiary enters $10 million farm-in joint venture with Rio Tinto to explore Mt Cecelia tenement

“RTX brings a wealth of technical expertise, resources and regional knowledge which, combined with synergies from their exploration of Mt Cecelia’s neighbouring tenements (that are held 100% by RTX), will enable the Mt Cecelia targets to be...

Proactive Investors WWI 8 months ago
West Wits Mining (ASX:WWI) subsidiary signs farm-in with Rio Tinto

West Wits Mining’s (WWI) subsidiary has signed a joint venture and farm-in deal with Rio Tinto Exploration to explore the Mt Cecelia Project Northern Reserves will work with the exploration arm of mining giant Rio Tinto (RIO) to explore th... WWI 8 months ago
Gold Digger: An inflationary bomb is about to go off. It’s time to prepare for the next gold bull market

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Stockhead WWI 8 months ago
West Wits Mining increases global JORC resource 20% to 4.28 million ounces at 4.58 g/t gold at Witwatersrand Basin Project

“Increasing the MRE by 20% in ounces and grade by 0.32 g/t sees us ending 2021 on a high note. We are very much looking forward to a prolific 2022, commencing with the production from our Early Mining Initiative,” says MD.

Proactive Investors WWI 8 months ago
West Wits Mining (ASX:WWI) increases Witwatersrand MRE by 20pc

West Wits Mining (WWI) updates the JORC mineral resource estimate (MRE) at its Witwatersrand Basin Project (WBP) in South Africa The JORC MRE now stands at 29.05 million tonnes at 4.58g/t gold for 4.28 million ounces, a 20 per cent increas... WWI 8 months ago
10 at 10: These ASX stocks are leaving investors satisfied this morning

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...

Stockhead WWI 8 months ago
Tossing up ASX-listed African gold stocks? Here’s the ultimate, only guide you’ll ever need

In recent years attitudes towards African mining stocks have arguably changed as investors have become more risk averse and sensitive to both ESG and geopolitical risk. The words “Tier 1 jurisdiction” are becoming more prominent in the lexi...

Stockhead WWI 8 months ago
Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out?

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Stockhead WWI 8 months ago
Gold Digger: These cheap gold stocks might not last long

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Stockhead WWI 8 months ago