Articles On West Wits Mining (ASX:WWI)

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...

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...

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...

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...

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...

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...

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...

“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-...

“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.

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...

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...

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...

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...

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...

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...

“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...

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...

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...

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...

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...

“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...

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...

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...

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...

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...

“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.

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...

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...

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....

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...

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.

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.

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...

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...

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...

“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...

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...

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...

“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.

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...

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...

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...

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...

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...

The ASX lost ground on Wednesday, as the banks struggled and the US dollar strengthened as markets continue to assess the prospect of tighter monetary policy and its potential effect on asset prices. Commonwealth Bank (ASX:CBA) tanked in th...

The funding runway will help WWI ramp up work ahead of its first ore production, expected in quarter one of 2022.

The West Wits Mining Limited (ASX: WWI) share price is sinking on Wednesday following the launch of a non-renounceable rights issue. Just after midday, the gold miner’s shares are down 17.95% to 3.2 cents apiece. This means that its shares...

West Wits Mining (WWI) looks to raise $9.3 million capital raise to advance the development of its Witwatersrand Basin Project The company completed the $1.6 million placement to raise $1.6 million at 3.2 cents per share West Wits is now l...

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...