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• The precious metals and mining market significantly outperformed broader indices in the month of March with the GDX rising 15% versus the TSX being down slightly
• Gold rallied heavily following the collapse of several major banks and the U.S. Fed guiding for a pause on rates in the near term
• This month only strengthens our confidence that 2023 will be a standout year for both precious metals and base metals and encourage investors to position themselves accordingly
Companies: RIO ETU OMG CMMC EDG EQX ITR TUD AEM RIO AGI CG VALE FNV GFI FM
Companies: RSG GAL GFI CORA FQMZ
AGL Energy (AGL AU) – AGL Energy abandons plans to demerge coal generation business in Australia following rejection of takeover offer
Altus Strategies* (ALS LN) - BUY – Multiple gold discoveries on new properties in the Eastern Desert of Egypt
Beowulf Mining* (BEM LN) – Key license awarded as Q1 2022 summary released
Gold Fields Limited (GFI SJ) - Gold Fields to acquire Yamana Gold in agreed US$6.7bn deal
Mkango Resources* (MKA LN) – Q1 2022 results show DFS nearing completion
Companies: AGL BEM ALS GFI MKA URU
Gold Fields Limited (GFI SJ) - Gold Fields expansion plan at Salares in Chile held back by 20 Chinchillas
GreenRoc Mining (GROC LN) – High-grade graphite intercepts at Amitsoq
Kore Potash (KP2 LN) - US imposes sanctions on Belarus potash supplier
Hochschild (HOC LN) – C$276m valuation targeted for Aclara IPO
Savannah Resources* (SAV LN) – BUY, Target price 17.9p FLASH NOTE - 20% in Mutamba disposed of in a $9.5m cash deal
Companies: HOC SAV KP2 GFI
Gold Fields (GFI JSE) – R21,519, Mkt cap R190bn – Profits rise as gold prices lift margins | Power Metal Resources* (POW LN) 1.35p Mkt Cap £9.6m – Increased ownership in Haneti project | Shanta Gold (SHG LN) 17p, Mkt Cap £143m – Barrick becomes a 6.4% investor following the sale of the West Kenya project
Companies: GFI SHG POW
Asiamet Resources (formerly Kalimantan Gold) (ARS LN) | Gold Fields (GFI SJ) | Kodal Minerals (KOD LN)
Companies: ARS KOD 0QQ8
Research Tree provides access to ongoing research coverage, media content and regulatory news on Gold Fields Limited.
We currently have 1 research reports from 3
Last week, JOG successfully secured its second GBA farmout, locking in a path to delivering zero-capex barrels. The surprisingly muted share price response to the farm-out leaves JOG trading at an unjustifiably large discount to our valuation. With a material fully funded development project under its belt and a clean balance sheet, JOG presents a very low-cost way to access high quality development barrels for investors and potential acquirers alike. If the threat of M&A does not narrow JOG’s v
Companies: Jersey Oil & Gas PLC
Alien and the Iron Ore Company of Australia (IOCA), continue to lay the foundations for operations at Hancock, one of its direct shipping iron ore (DSO) projects in Western Australia. Progress made to date ensures that, should a positive investment decision be made following the conclusion of Definitive Feasibility Studies (DFS), Hancock will be in operation and generating cashflow soon after capital is invested.
Companies: Alien Metals Ltd
Companies: CPH2 TIDE MRL BRCK JNEO
• With the acquisition of interests in Sygna and Statfjord Øst expected to complete in January, the process to establish a stable well-funded producing business in Norway is almost complete. FY23 production at Sygna and Statfjord Øst net to Longboat Norge is ~250 boe/d.
• The acquisition of 49.9% of Longboat Norge by JAPEX in 2023 provides low cost capital and access to a strong balance sheet to develop further the Kveikje area and make acquisitions at no further dilution to Longboat plc.
Companies: Longboat Energy Plc
CPH2 and ATOME have reached a mutual agreement to cease the previous production order made by ATOME. The CPH2 Board of Directors considers it is in the Company’s best of interests to focus its engineering and installation resources in ensuring roll out Membrane Free Electrolysers with current partners Fabrum Solutions Limited, KCA Deutag and, Northern Ireland Water. As part of the agreement, Molecular Energies has requested, and CPH2 has agreed to, a non-binding framework agreement with G-Mobili
Companies: Clean Power Hydrogen PLC
Jersey Oil & Gas, Serica Energy, Trinity Exploration & Production, Longboat Energy, Ithaca Energy, Neptune Energy, Pantheon Resources, Nostrum Oil & Gas, Kufpec, ORLEN.
Companies: TRIN LBE JOG
The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.
Companies: TLOU PTAL HTG ENW ITM BLVN RKH HBR UJO GMS JOG MATD CEG GENL AXL
Companies: Good Energy Group PLC
A summary of our hypothetical “Car Crash” commodity price scenario analysis is outlined in Table 1, which provides increased confidence, we believe, in i3 Energy's capacity to fund its dividend under adverse conditions. Notably, the dividend yield is an attractive 10.3%. Effectively, our analysis reinforces our view that i3 Energy is mispriced. Details for our “Car Crash” commodity price scenario are provided in Tables 2, 3, 4 and 5. We reiterate our 20.9p fair value estimate, which is premised
Companies: i3 Energy Plc
Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer released an update on its Greenfield Exploration activities in its Palito Complex. The exploration activity has been undertaken as part of the Exploration JV with Vale SA.
The update from the announcement today reflects the high prospectivity of the Palito complex. During the year, the company ran a programme of collecting 5,5k soil samples which have increased their first-pass surface geochemistry coverage
Companies: Serabi Gold PLC (SRB:LON)Serabi Gold PLC (SBI:TSE)
Companies: Hochschild Mining plc (HOC:LON)LithiumBank Resources Corp. (LBNK:TSX)
Companies: HZM BMN ATM CMCL THX EST GROC PRU
Companies: ALL OMI AAU BOD SRB RRR
Tlou has reported first gas to surface from its Lesedi-6 well, representing the fastest time between beginning dewatering and flowing gas for any Lesedi well to date, and helping underpin gas supply for first electricity sales in 2024.
Companies: Tlou Energy Ltd.
Companies: Falcon Oil & Gas Ltd.