Articles On West Wits Mining (ASX:WWI)

Gold prices have historically outperformed during recessions ANZ research raises end of 2023 gold price target to $US1,900/oz Weekly small cap standouts: Peregrine Gold (ASX:PGD), Ora Gold (ASX:OAU) Our Gold Digger column wraps all the ne...

We asked Stockhead readers which commodities are exciting them the most in 2023 Copper, gold, uranium and lithium are on the radar of small cap mining fans Six experts give us their best commodity bets for 2023 … AND 24 STOCK PICKS 2022 i...

Central banks buying gold at the fastest pace on record Another gold bull signal for 2023 — the crypto collapse Global silver demand on course for record high in 2022 Our Gold Digger column wraps all the news driving ASX stocks with expos...

Gold could have steady path towards $US1,800 level if dollar weakness remains: OANDA ASX gold miners surging this week, led by Evolution Mining +30%, Capricorn Metals +27%, and Regis Resources +27% Weekly small cap standouts: Focus Mineral...

West Wits Mining’s farm-in partner, Rio Tinto Exploration (RTX), has commenced the maiden drilling program at the Mt Cecelia project in the Paterson Province of Western Australia. Access tracks and drill pads have been cleared for six drill...

Just five miners/ near-term gold miners are in the green over the past 12 months They include Tietto Minerals, Ora Banda Mining, Emerald Resources, Capricorn Metals and Perseus Mining Top precious metals stocks this week: Hamelin Gold, Zul...

Since reaching its peak in the summer of 2020, silver has fallen ~35% Smart money is going net long on silver, speculators almost net short; a good sign for silver outlook say Goehring & Rozencwajg This week’s top ASX precious metals s...

USD gold price continues to fall, currently $US1,621/oz Mixed bag of results for gold producers in Q1: Perseus, Northern Star outperformers so far Weekly small cap standouts: Strickland metals, Medallion Metals. GBM Resources Our Gold Dig...

West Wits Mining (WWI) secures an agreement for the toll treatment of its ore with Ezulwini Mining CompanyWWI says the definitive agreement with the Sibanye-Stillwater subsidiary is a “key step” to completing the phase one Qala Shallows Wit...

Retail investment in gold, silver has either hit new peaks or held up at multi-year highs, says Metals Focus 1 ounce gold Maple Leaf in the US commands a 40% premium at the retail level, for example This week’s top movers: Sihayo, Dacian,...

West Wits Mining (WWI) receives “positive” uranium results from a phase one uranium drilling program at the Witwatersrand Basin project (WBP) in South AfricaThree diamond holes were drilled at shallow depths in known areas of mineralisation...

Benchmark spikes, falls, recovers, trips again, stays down.   Small caps just fall Delta Drones, Danakali rise   Choppy, dicey, angsty trade on Monday. Low volumes and high volatility. It’s almost like the markets themselves are in fact s...

PGM demand will remain strong until about 2025, when it will start to fall off a cliff: Metals Focus Why 2025? Because that’s when electrification of transport really kicks up a gear However, Bridge Street Capital analyst Chris Baker belie...

Fitch has downgraded its gold outlook but expects prices to remain “elevated in the coming years compared to pre-Covid levels” Contrarian argument: “It is also a sector full of M&A possibilities as gold equities haven’t been this ‘chea...

TSX listed Korara Resources finds another massive nugget stash at the Beta Hunt mine near Kalgoorlie The new discovery just below the super-rich, 30,000oz Fathers Day Vein China imported more than 80 tons (or 2.56Moz) of gold worth $US4.4b...

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...

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...

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...

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...

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...

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....