ASX Announcements
Market Sensitive
Regulatory approval granted to extend Cowal Operations
Progress Report
- Dec 10, 2024
- 1 page
August
- Results Wrap
- Chanticleer
Winners from profit season’s big Wednesday
All eyes were on CBA’s monster numbers, but Seven Group Holdings and AGL also delivered nice profit growth – and Pro Medicus impressed yet again.
- James Thomson and Anthony Macdonald
July
Fortescue’s ex-iron ore boss joins Evolution board after abrupt exit
The long-time resources executive has become a director of the gold and copper producer almost a year after leaving Andrew Forrest’s iron ore and energy group.
- Brad Thompson
December 2023
Antisemitism is tarnishing nation, mining boss warns
Criticism of Israel must start with recognition that Hamas is a terror group, Evolution boss Jake Klein says.
- Brad Thompson
- Opinion
- Chanticleer
Bankable Evolution shows how to get a pre-Christmas deal done
It is closing time at the last chance saloon, so expect some last-minute deals before time runs out on 2023.
- Anthony Macdonald
Evolution pays $720m for NSW copper and gold mine
The first big deal by an ASX-listed gold miner since Newmont’s Newcrest buy, the Northparkes mine raises the group’s exposure to copper to about 30 per cent.
- Brad Thompson
Evolution Mining beats Metals Acquisition Corp to buy Northparkes mine
The SPAC was among the under bidders for the mine, while ASX-listed Sandfire Resources and Aeris Resources had an early look but did not advance through the auction.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2023
Newmont boss counters M&A talk around Telfer
Broken Hill-born Tom Palmer says running the world’s biggest gold miner without an office is working out fine for him.
- Brad Thompson
October 2023
MA Moelis taps new resources sector boss
The firm has lured Treadstone Resource Partners executive director Adam Bill as its new resource sector coverage lead.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2023
Rising gold star Perseus shakes up mining’s establishment
The miner has outperformed Northern Star and Evolution Mining on most financial metrics. What will it take for investors to get onboard?
- Peter Ker
July 2023
Gold miner Perseus’ $771m cash dilemma
Rising gold prices, strong productivity and civil war in Sudan have left gold miner Perseus with a unique dilemma; how to spend a massive $771 million war chest.
- Peter Ker
June 2023
Gold miner says the high price helps China undermine the USD
Evolution Mining executive chairman Jake Klein says the “de-dollarisation” strategy promoted by Beijing is gaining support in South America and the Middle East.
- Brad Thompson
May 2023
Forrest refinery partner shares in $50m critical minerals grants
Resources Minister Madeleine King has handed out the funds as she prepares to launch a strategy to foster more downstream processing and manufacturing attached to Australia’s mining industry.
- Peter Ker
April 2023
- Analysis
- Due diligence
Why investors are sick of gold miners hedging
Fundies are urging gold miners to resist the temptation to lock in multi-year hedging agreements because the gold rally has further to run.
- Elouise Fowler
Evolution downgrades Canadian gold mine
Australian miners have struggled to deliver on the wave of North American gold acquisitions made in 2018 and 2019 and Evolution continued that trend on Thursday.
- Elouise Fowler and Peter Ker
Gold miner Regis sinks on production hiccup, squanders tax windfall
Shares in Regis Resources sank 11 per cent after the company snipped its full-year production guidance.
- Updated
- Elouise Fowler
March 2023
More copper deals on the way as Chinese miner mulls NSW exit
A decade after it acquired Rio Tinto’s Northparkes mine, a Chinese miner is understood to be about to test market interest.
- Peter Ker
Yancoal keen on BHP’s Queensland coal mines
Acquisition of Rio Tinto’s coal mines made Yancoal arguably Australia’s most indebted company five years ago. Now it’s cashed up and ready to buy BHP’s mines.
- Peter Ker
February 2023
Newmont takes a bite, mid-caps wait for the crumbs
Don’t be surprised if Newmont’s move on Newcrest spawns a purple patch of mergers and acquisitions in Australia’s gold sector.
- Peter Ker
November 2022
Bank stocks, Aussie dollar tipped to rebound in 2023
JPMorgan expects local bank stocks to benefit from rising profit margins as rates rise, and forecasts the S&P/ASX 200 to climb into June 2023.
- Tom Richardson
October 2022
Gold producers enjoy a rare rally on talk of cooler US Fed
The S&P/ASX 200 Index advanced 1.5 per cent to 6779.4. Evolution Mining rose 7.7 per cent to $1.95 and Novonix surged 33.5 per cent to $2.95.
- Vesna Poljak