As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7982.00 on Friday, up 0.64% in the past 5 days.
1. $GOLD ROAD RESOURCES LTD(GOR.AU)$ +23.11% and $RAMELIUS RESOURCES LTD(RMS.AU)$ +12.27%
The precious metal hit a new record high overnight after US tariffs sparked trade tensions. The spot gold price $Gold - main 2506(GCmain)$ is currently fetching US$3120. This has triggered a wave of consolidation in the mining sector, with a string of high-profile deals in Australia, the price of many gold companies rose.
—— $GOLD ROAD RESOURCES LTD(GOR.AU)$
Gold Road Resources' share price is up 9.8% after rejecting a $3.3 billion offer from South Africa's Gold Fields. Its share price up 72% since this time last year.
GOR' Gruyere underground drilling results suggest ore body extension and potential for profitable mining, possibly extending the mine's life beyond 2032.
Bell Potter retained its buy rating with an improved price target of $3.20. This implies potential upside of 15% for investors.
—— $RAMELIUS RESOURCES LTD(RMS.AU)$
The Ramelius Resources share price is up 6.5% to $2.46 following a strong rise in the gold price overnight.
RMS will buy gold developer Spartan Resources in a transaction valuing the smaller Australian producer at A$2.4 billion ($1.5 billion), as miners seek more supply amid soaring bullion prices.
The company was the best performing ASX 200 stock after Macquarie upgraded the gold miner following its $2.4 billion deal to acquire smaller rival Spartan Resources.
——$SPARTAN RESOURCES LIMITED(SPR.AU)$
Spartan Resources shares rocketed after the gold miner's board unanimously recommended that its shareholders vote in favour of a buyout by ASX rival Ramelius Resources. The merger is set to create a leading Australian gold producer, with projected output surpassing 500,000oz annually by 2030.
2.$MINERAL RESOURCES LTD(MIN.AU)$ +11.07%
The Mineral Resources share price rose after the company resumed haulage operations on the Onslow Iron haul road, following successful discussions with WorkSafe WA to address safety concerns.
The commencement of operations by the cargo ship MinRes Rosily at the Port of Ashburton, boosting Onslow Iron's transhipping capacity to 28 million tonnes a year, likely supported the share price.
Analysts believe the share price fall was a fantastic buying opportunity.
3. $HEALIUS LTD(HLS.AU)$ +9.36%
Investors have responded positively after Healius released a detailed transformation plan and revealed positive trading momentum for 2025, signalling the company's confidence in achieving its margin targets over the coming years.
The company plans to return $300 million to shareholders through a special dividend of 41.3 cents per share, offering a significant dividend yield of approximately 29%.
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