Argonaut | The Natural Choice in Resources.
© 2024 Argonaut.
DVP reported Mining Services revenue of A$31.9m from its underground mining contract at Bellevue, 4% higher than we expected. Mobilisation and site establishment activities at Mt Marion are underway and the box cut has commenced.Read more
MAC has released three-year production guidance for the CSA Mine. Copper production for CY24 and CY25 was broadly in line with our estimates, while CY26 guidance of ~50kt was ~12% higher than we had anticipated.Read more
The Decmil acquisition fits Macmahon’s strategic direction, although the price is steep for a business that has underperformed for years. A turnaround is possible backed by Macmahon’s management and balance sheet, but we will needRead more
Copper prices surged back over US$4.00/lb overnight and are up ~6% in March alone. SFR offers strong leverage to rising copper prices, with a 10% rise in copper driving 55-68% increases in our FY26-FY30 earningsRead more
WGX’s share price has underperformed its Western Australian Gold mining peers over the past month. We attribute the share price weakness to concerns over guidance following WGX’s decision to cease production at Paddy’s Flat. WeRead more
Argonaut | The Natural Choice in Resources.
© 2024 Argonaut.
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