Articles On Fenix Resources (ASX:FEX)

Mining operations in tropical regions should prepare for an increased chance of cyclones and wet weather this spring and summer. It comes as the Australian Bureau of Meteorology (BOM) released its tropical cyclone outlook for 2021-22, zonin...

Set against rumours of its demise, spot iron ore has remained stubbornly defiant, reminding investors again why forecasting is a fool’s errand by bouncing above US$135/t on Monday night. A broad consensus is forming around metals like coppe...

Fenix noted six shipments of iron ore from its Iron Ridge Project in Western Australia were sold during the quarter, comprising 197,848 wet metric tonnes (wmt) of lump and 143,422 wmt of fines. The quarterly update helped the Fenix Resource...

Fenix Resources Ltd [ASX:FEX] share price to rise 8.5%. Fenix noted six shipments of iron ore from its Iron Ridge Project in Western Australia were sold during the quarter, comprising 197,848 wet metric tonnes (wmt) of lump and 143,422 wmt...

“Given the current circumstances in the iron ore industry, this is a strong result which saw Fenix generate substantial free cashflow as increased production and a lower Australian dollar helped offset reduced iron ore prices," says MD.

Fenix Resources (FEX) recounts a ‘solid’ September quarter on the back of higher production rates, robust margins and strong free cashflow The WA-based iron ore miner sold six shipments of iron ore from the Iron Ridge project at average gr...

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...

Is there any end to coal’s incredible price run in 2021? This week has seen thermal coal prices rise to record levels, with low volatility 6000kcal product from Newcastle soaring 5% to US$240/t yesterday. Twelve months ago, when China’s dip...

The junior end of the iron ore sector is continuing to contract in the wake of volatile prices, with Mt Gibson Iron (ASX:MGX) confirming plans on Friday to suspend its new Shine mine in WA’s Mid West. It is the latest high-cost operation to...

The pundits were right, for once: the laws of market gravity were always going to catch up with the price of iron ore, which in a matter of weeks has tumbled more than 50% from its nosebleed territory of US$220 a tonne. Still, no-one quite...

The Fenix Resources Ltd (ASX: FEX) share price is struggling through September despite only good news being released by the company. Fenix released its annual results and news of its maiden dividend on 15 September. At the time, its maiden...

The biggest director trade on the ASX in the past fortnight came from one of Australia’s most famous pub barons – Bruce Mathieson of Endeavour Group (ASX:EDV). Mathieson is 63rd on the Top 22 rich list with a net worth of $1.54 billion. End...

The Fenix Resources Ltd (ASX: FEX) share price is surging today despite no price-sensitive news having been released by the company. And today’s gain is only the latest extreme movements faced by Fenix’s stock this week. The company’s shar...

Australia’s bourse had its biggest decline since February 26 falling by over 2%. The ASX 200 fell 2.1% to close at 7,248 and is down 5% since August 13. The ASX Emerging Companies Index fared worse, losing over 4% in its worst day since Apr...

The Fenix Resources Ltd (ASX: FEX) share price opened to a rude awakening on Monday, down 27% to a 6-month low of 21.5 cents. What’s driving the Fenix Resources share price? Fenix Resources shares went ex-dividend this morning for a whopp...

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...

The Fenix Resources [ASX:FEX] shares rose 8% after the iron ore stock declared a full-year profit and a maiden dividend. FEX shares were up 8.6% at time of writing. The post Fenix Resources Shares Soars on Maiden Dividend (ASX:FEX) appeared...

Highlights Pilbara Minerals shares hit record high on strong response for spodumene auction. Hotel Property Investments nosedived 6% despite raising funds. Strike Energy rose over 3% following a business update. Fenix Resources share...

The company unveiled its dividend policy and declared a maiden dividend of 5.25 cents per share fully franked. 

Highlights The Australian benchmark index, ASX 200, declined as much as 0.7% by lunchtime. Weak global cues and rising COVID-19 cases weighed on market sentiment. Eight of 11 sectors were trading lower, while energy was the worst perf...

The Fenix Resources Ltd (ASX: FEX) share price is a strong performer on Wednesday after the iron ore producer released its annual results and maiden dividend. At the time of writing, Fenix shares are 8.62% higher than yesterday’s closing...

Fenix Resources (ASX:FEX) share price eyes 16% maiden dividend. Published. 12 hours ago. on. September 15, 2021.

Coking coal prices have gone a wee bit crazy in recent weeks, presenting a once in a generation opportunity for ASX-listed companies who looked sickly as the 2021 financial year wrapped up. According to Fastmarkets MB, supply remains tight...

‘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...

ASX shares in the iron ore sector have sold off sharply in recent months following steel production constraints in China. Iron ore prices have rapidly deteriorated from May record highs of US$230/t to just US$129/t. This has, in turn, ra...

Is Rio Tinto (ASX:RIO) going to disappoint on shipments yet again? The gaffe-prone Pilbara miner, which was carried by stratospheric iron ore prices to a US$9.1 billion dividend at the half year, appears likely to miss its ambitious guidanc...

Andrew Forrest said he wouldn’t bet against the price of iron ore this week as he addressed media and analysts in a lap of honour for Fortescue Metals Group’s (ASX:FMG) transformative 2021. That was driven by record high iron ore prices thr...

Hot Money Monday is typically the domain of ASX small caps, but this week saw plenty of larger companies near the top end of the list as investors responded to some reporting season surprises. Each week, Stockhead recaps ASX stocks that are...

For anyone with the capacity to (correctly) entertain higher-for-longer spot iron ore prices during the last 12 months, Fenix has been a spectacular place ...

How’s that Aussie coal ban going for China? Prices of imported premium coking coal in the Middle Kingdom soared to record highs of US$384 per tonne while China looks around every nook and cranny to source the product it once got from our ea...

“Our unaudited financial results illustrate the rapid and relatively seamless execution of our project delivery strategy. We have hit the ground running and taken advantage of robust iron ore prices," says MD.

The Fenix Resources Ltd (ASX: FEX) share price surged on 13% to 30 cents within the first ten minutes of trading after the company released its unaudited FY21 results. At the time of writing, shares in the iron ore junior are up 7.55% to...

At the time of writing, shares in the iron ore junior are up 7.55% to 28.5 cents…. Click here to view the original article. Related Topics: ...

Ikwezi Mining (ASX:IKW) topped the latest Running Hot list with a 14-day RSI of 82, after two straight weeks where lithium stocks dominated. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength I...

It powers Australia’s economic engine room, but iron ore is sputtering after the spot price recorded its biggest single day drop on Friday since index pricing began. Fastmarkets saw iron ore prices for benchmark 62% fines to northern China...

Highlights  Iron ore prices slumped to eight-month lows on the rising concerns of coronavirus spread and expectations of slower economic growth. Iron ore prices had skyrocketed to record highs in May due to strong demand from the Chine...

BHP (ASX:BHP) has taken advantage of 2021’s astonishing boom in iron ore prices to shower shareholders with a record dividend and kickstart the transformation of the world’s biggest mining house. Its final payout of US$2 per share came off...

Iron ore prices slid to their lowest levels since April overnight, as speculation about Chinese steel production cuts delivered a hit to the Pilbara’s big iron ore miners. Prices fell 7.7% to US$169.30/t according to CommBank, while Fastmar...

Summary China’s decision to limit steel production in the second half of 2021 has taken a toll on iron ore prices. Iron ore prices have plummeted to nearly 20% in comparison to the all-time high levels. Despite closely monitoring and...

Iron ore prices fell to their lowest level in two and a half months on the back of noise about steel production cuts in China on Friday, only to moderate on Monday. A 7% flop in iron ore prices to a little over US$180/t to end last week wou...

PURE plays in the iron ore space such as Fortescue Metals Group, Mt Gibson Iron and Fenix Resources were hit hard Friday on the back of the bulk ...

Are Chinese steel margins on the way back up? Sliding and eventually negative steel margins in June led many analysts to the conclusion that high prices for iron ore would slide rapidly in the second half of the year as steel producers look...

The Fenix Resources Ltd (ASX: FEX) share price is rebounding today after a disappointing run of the week. This comes after the resource exploration company announced a positive update to the ASX this morning. At the time of writing, Fenix...

Managing director Rob Brierly said the fixed price was sufficient to cover the majority, if not the entirety, of Fenix's budgeted cost base. The swap ...

The ASX-lister’s iron ore swap arrangements fix a sales price over 45% of iron ore production that’s sufficient to cover the majority, if not the entirety, of its budgeted cost base.

The iron ore joint venture, which forms part of Scorpion’s Pharos Project, spans 373 square kilometres and lies immediately adjacent and contiguous to Fenix’s Iron Ridge operation, with multiple iron ore targets already identified across 15...

A review of historic data within Scorpion Minerals' (SCN) and Fenix Resources' (FEX) Pharos iron ore joint venture yields new drill targets warranting " ...

Tasmanian iron ore producer Grange Resources (ASX:GRR) has become well known for the quality of its iron ore and, while small in volume, makes up for it in tactical nous by supplying pellets that grade around 65%. The Caleb Daniel of the ir...

Robert Brierley has exercised 2 million unlisted options exercisable at $0.08 each and due to expire on November 21, 2021, with a total value of $160,000.