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Fortescue near settlement with US tycoon after energy deal bust-up

Fortescue near settlement with US tycoon after energy deal bust-up

Fortescue is close to settling a two-year-old legal dispute with the family office of American billionaire Paul Tudor Jones in a move that will spare the company's executive chairman Andrew Forrest from giving seven hours of evidence in a US court.
Forrest, Australia's second-richest person, was scheduled to face up to seven hours of questioning under oath earlier this month as part of a lawsuit filed in the Connecticut District Court by Kid Shelleen, the private company of hedge fund manager Tudor Jones.
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NT government expands role of G4S private security guards to support overcrowded watch houses
NT government expands role of G4S private security guards to support overcrowded watch houses

ABC News

time2 hours ago

  • ABC News

NT government expands role of G4S private security guards to support overcrowded watch houses

In an expansion of private prison staff responsibilities in the Northern Territory, Department of Corrections employees have heard the duties performed by private security firm G4S will be increased. In March, the NT government signed a six-month contract with G4S to manage the transfer of Darwin prisoners. G4S security guards currently help to transfer inmates between prisons and the courts, as territory correctional staff face record prisoner numbers. Despite a recruitment drive for 202 new corrections officers to be employed inside prisons this financial year, NT Corrections Minister Gerard Maley has previously acknowledged the prison population is growing and that the government needs to expand the workforce. In an internal memo seen by the ABC, corrections staff were told Corrections Commissioner Matthew Varley had signed a work order to expand the duties carried out by private security guards. "As we shape this next phase, we are working closely with G4S to determine what a Northern Territory-based G4S staffing model could look like." The United Workers Union (UWU), which represents corrections officers, has been strongly opposed to the NT's six-month arrangement with G4S since it began in March. UWU NT branch secretary Erina Early said although G4S guards had been assisting with prison transfers since that time, corrections staff had not seen any improvement to their working conditions. "It hasn't made much change to our correctional officers at all because the [prisoner] numbers are increasing," she said. "Bringing in G4S may relieve a couple of shifts, but it's not having the outcome that the government [is] hoping for." Ms Early said union members were worried for "the safety of the prisoners and also safety of the police" — who have a different skillset to correctional officers — and held concerns the expansion of G4S's services signalled growing privatisation in the NT's corrections system. "They've been saying this since it was announced by Commissioner Matthew Varley, that G4S were coming in — as soon as you have them in, it's like a cancer, they will spread," she said. "They have been taking more and more roles." Corrections Minister Gerard Maley last month told the ABC that privatising the entire NT prison system was not on the government's radar. "There are private firms that run prisons in their entirety, that's not our plan at all," he said. "Our plan is to make sure that we have highly trained officers behind the wire, and then independent contractors such as G4S doing the services outside that." The NT's corrections department has been housing a growing number of prisoners in police watch houses in recent months, due to capacity constraints at territory prisons. Earlier this week, there were about 100 people being held inside the Palmerston police watch house, including overflow corrections prisoners. G4S is part of American private security giant Allied Universal, which employs more than 800,000 people internationally and generates about $20 billion in annual revenue. The company describes itself as a "global leader in security". Security guards employed by G4S in Australia mainly work in prisons and detention centres. The firm has operated Victoria's largest maximum security prison, Port Phillip Prison, since it opened in 1997. A 2018 report by the Victorian auditor-general's office found "serious incidents" at Port Phillip Prison, including assaults and drug use, and "exposed weaknesses in how G4S … manage safety and security risks". A Victorian coroner recently recommended G4S improve staff training following the "preventable" 2022 death of an Aboriginal man in his prison cell. Port Phillip Prison is due to close by the end of this year. Last year, G4S reached a confidential settlement with the parents of an Iranian asylum seeker, who was fatally bashed by guards at a Manus Island offshore detention centre in 2014. The company was also fined over its role in the death of an Aboriginal elder, who overheated in the back of a prison van in remote Western Australia in 2008. It is not yet clear how much the NT government's contract with G4S has cost the public.

Gold Digger: Riches rain for gold miners, but value is in the eye of the beholder
Gold Digger: Riches rain for gold miners, but value is in the eye of the beholder

News.com.au

time3 hours ago

  • News.com.au

Gold Digger: Riches rain for gold miners, but value is in the eye of the beholder

Gold miners have been out and about for reporting season Market reactions are heavily dependent on investor expectations, even with the sector printing serious cash Newmont ran hard on Friday after a stellar June quarter Market reactions during reporting period are often a gauge of feelings as much as facts and figures. What's important is not necessarily the number that's reported, but how it correlates to the mood and expectations of the investors punting on a stock. Fortescue's (ASX:FMG) quarterly this week, for instance, was well received because of its record iron ore output and falling costs. But a decision to halt two green energy projects and reduce spending on the troubled division was as much a signal for investors worried about cash burn and dividends to buy in as any of the hard numbers. For the gold scene, the cash generation has been predictably strong. Northern Star Resources (ASX:NST), for instance, reported record underlying free cash flow of $536 million for FY25 on Thursday, after selling 1.634Moz at an all in sustaining cost of $2163/oz. It has a whopping $1.914bn cash on the balance sheet with net cash of $1.013bn after its deal to acquire De Grey Mining, which brought a cash pile with it alongside its world-class Hemi gold project. Cash earnings are expected to clock in at $2.8-2.95bn, with Northern Star also winding down hedging commitments to reflect its balance sheet strength. Yet, NST shares have shed close to 5% over the past week and over 18% in the last month. Despite gold prices climbing 28% YTD, NST shares have barely budged. Dilution from the DEG deal is one thing, but there are also concerns that future earnings will be chewed up by increased capex, especially around its critical Kalgoorlie hub and Super Pit gold mine. Citi downgraded its price target this week from $18 to $21 and reduced EBITDA estimates going forward between 3-7%. Analysts are also questioning the timeliness of numbers on a project to expand the KCGM business and processing plant. MD Stuart Tonkin admitted on an earnings call the operating cost of $1425/oz could be old given the run up in gold prices since the decision was taken. But he maintains it will still be one of the top cash spinners globally. "That $1425 (an ounce) is perhaps a stale number, albeit this asset will be a top 5 global gold mine, and it will be setting inside the third lowest quartile global cost curve, and that's been the investment case," Tonkin said. "So relative it will generate as much cash flow as anything globally." Some more takeaways Capricorn Metals (ASX:CMM) is yet to give its final numbers for the June quarter. But its shares have been in limbo as investors digest some relatively noteworthy M&A activity from the mid-tier gold miner. CMM announced the $189m scheme deal to acquire Warriedar Resources (ASX:WA8). There'll be some dilution – the 1 for 62 share offer will see WA8 shareholders own ~4.36% of the company, equivalent to 15.5c per WA8 share and a 29% premium over Warriedar's July 23 closing price. It's a potential satellite development for CMM's Mt Gibson project, the next cab off the rank for the miner beyond its operating Karlawinda mine, with Warriedar's Golden Range containing a resource of 1.38Moz of gold and 60,000t of antimony. Capricorn has shed over 3% on Friday and more than 4% in the past five days. Pantoro (ASX:PNR) has been a big winner, declaring ~$196m of EBITDA for FY25 including $80.4m for the fourth quarter alone. With a cash build of ~$43m, the more than 25,000oz delivered by the Norseman gold mine came in at the upper half of guidance. PNR set guidance of 100-110,000oz at AISC of $1950-2250/oz. Its shares crumbled 5% on Friday amid a sector wide gold and mining sell off. But they were still ~22% higher on the week, propelling the miner's valuation to almost $1.5bn. At the very big end of the spectrum, Newmont Corporation (ASX:NEM) broke the mould with a 3.8% lift after nearly doubling net income for the three months to June 30 YoY to US$1.595bn. The world's largest gold producer by volume, NEM announced a US25c cash dividend for the quarter after selling 1.38Moz of gold at an average price of US$3320/oz and gold equivalent cost of US$1203/oz when copper, silver, lead and zinc by-products are taken into account. NEM finished the quarter with some US$6.2bn in consolidated cash, US$10.2bn in total liqudity and net debt of US$1.4bn Canaccord's Carey MacRury said free cash generation of US$1.71bn and all in sustaining cost margins of US$1738/oz clocked in well above the broker's US$1538/oz estimate, representing a lift of 34% QoQ and doubling over the past year. "Overall, the quarter highlights improving operating performance, with three solid quarters in a row and tracking well to achieve its 2025 guidance," MacRury said. "Newmont remains one of our Best Ideas among the senior producers with improving production, strong FCF, capital return program, and attractive valuation." Winners and losers CODE COMPANY PRICE WEEK % MONTH % 6 MONTH % YEAR % YTD % MARKET CAP MRR Minrex Resources Ltd 0.009 13% 6% 13% 0% 29% $ 9,763,807.53 NPM Newpeak Metals 0.024 -11% 26% 41% 71% 118% $ 7,729,721.54 MTC Metalstech Ltd 0.135 0% -4% -7% -40% -4% $ 31,087,694.40 GED Golden Deeps 0.026 13% 30% 13% -24% 4% $ 3,896,765.42 G88 Golden Mile Res Ltd 0.01 11% -23% 0% 0% 11% $ 5,442,478.55 LAT Latitude 66 Limited 0.038 3% 52% -16% -71% 0% $ 5,449,226.79 NMR Native Mineral Res 0.135 -4% -27% 214% 575% 246% $ 156,584,324.64 AQX Alice Queen Ltd 0.004 33% 33% -56% -56% -50% $ 5,538,784.76 SLZ Sultan Resources Ltd 0.005 -17% 0% -17% -17% -17% $ 1,388,819.46 KSN Kingston Resources 0.14 4% 8% 89% 79% 97% $ 125,002,075.95 AMI Aurelia Metals Ltd 0.19 -3% -5% 9% -5% 12% $ 338,514,528.00 GIB Gibb River Diamonds 0.04 14% 43% 5% -2% 0% $ 8,580,377.80 KCN Kingsgate Consolid. 2.4 0% 9% 69% 50% 87% $ 641,801,713.08 TMX Terrain Minerals 0.003 20% 50% -25% 0% 0% $ 6,329,535.68 BNR Bulletin Res Ltd 0.047 -23% -19% 34% -4% 21% $ 13,799,826.18 NXM Nexus Minerals Ltd 0.06 -17% -19% 30% 50% 33% $ 36,829,336.39 SKY SKY Metals Ltd 0.081 17% 62% 50% 153% 50% $ 56,121,870.37 LM8 Lunnonmetalslimited 0.24 7% 12% 17% 55% -4% $ 50,744,480.02 CST Castile Resources 0.055 -2% -14% -10% -31% -31% $ 16,816,171.90 YRL Yandal Resources 0.16 -3% 60% 19% 10% -9% $ 51,023,772.03 FAU First Au Ltd 0.005 67% 43% 233% 150% 150% $ 12,457,747.66 ARL Ardea Resources Ltd 0.41 -5% 6% 21% -14% 24% $ 86,269,295.15 GWR GWR Group Ltd 0.115 10% 26% 28% 47% 44% $ 37,214,765.33 IVR Investigator Res Ltd 0.028 0% 17% 27% -42% 40% $ 46,783,248.60 GTR Gti Energy Ltd 0.004 33% 0% 33% 0% 14% $ 14,890,619.22 IPT Impact Minerals 0.008 14% 33% -23% -39% -15% $ 35,939,969.71 BNZ Benzmining 0.6 7% 36% 58% 422% 74% $ 117,407,727.64 MOH Moho Resources 0.004 -20% 0% -20% -33% -20% $ 2,981,656.11 BCM Brazilian Critical 0.017 6% 70% 89% 6% 89% $ 19,657,998.53 PUA Peak Minerals Ltd 0.067 18% 219% 361% 1627% 764% $ 200,605,169.01 MRZ Mont Royal Resources 0.041 0% 0% 37% -38% -5% $ 3,486,221.51 SMS Starmineralslimited 0.03 15% 36% -9% 11% -17% $ 5,574,199.59 MVL Marvel Gold Limited 0.014 8% 8% 75% 75% 56% $ 19,504,319.84 PRX Prodigy Gold NL 0.002 0% 0% 0% -25% 0% $ 12,700,222.20 AAU Antilles Gold Ltd 0.005 0% 25% 25% 67% 67% $ 14,274,408.10 CWX Carawine Resources 0.097 2% -1% -8% 13% -3% $ 22,904,168.55 RND Rand Mining Ltd 1.85 -2% -6% 17% 26% 22% $ 105,789,287.46 CAZ Cazaly Resources 0.02 5% 11% 82% -13% 43% $ 8,764,756.83 BMR Ballymore Resources 0.205 3% 21% 64% 28% 71% $ 36,229,769.93 DRE Dreadnought Resources Ltd 0.011 0% 10% 0% -50% -8% $ 55,874,500.00 ZNC Zenith Minerals Ltd 0.03 -12% -27% -33% -40% -25% $ 16,942,575.90 REZ Resourc & En Grp Ltd 0.019 0% 6% -39% -14% -17% $ 14,201,979.17 LEX Lefroy Exploration 0.13 4% 24% 83% 86% 86% $ 32,294,617.94 ERM Emmerson Resources 0.165 27% 32% 99% 200% 114% $ 95,342,831.85 AM7 Arcadia Minerals 0.025 19% 47% 25% -34% 32% $ 2,817,202.39 ADT Adriatic Metals 5.84 -1% 8% 40% 78% 50% $ 1,772,610,943.10 AS1 Asara Resources Ltd 0.054 -4% 8% 116% 440% 184% $ 59,463,603.79 CYL Catalyst Metals 4.73 0% -13% 33% 146% 83% $ 1,241,289,396.27 CHN Chalice Mining Ltd 1.81 1% 13% 51% 68% 64% $ 729,425,227.50 KAL Kalgoorliegoldmining 0.043 5% 8% 169% 48% 139% $ 15,653,226.90 MLS Metals Australia 0.022 29% 29% 0% 10% -4% $ 15,303,110.00 ADN Andromeda Metals Ltd 0.011 0% -15% 69% -50% 57% $ 43,876,132.42 MEI Meteoric Resources 0.155 3% 29% 85% 29% 82% $ 385,664,859.03 SRN Surefire Rescs NL 0.002 0% 0% -40% -66% -32% $ 6,457,218.50 WA8 Warriedarresourltd 0.145 32% 21% 202% 107% 230% $ 176,446,309.35 HMX Hammer Metals Ltd 0.028 8% -3% -7% -30% -15% $ 25,745,002.30 WCN White Cliff Min Ltd 0.025 9% 14% 25% 47% 56% $ 60,334,653.65 AVM Advance Metals Ltd 0.047 12% 0% 18% 81% 38% $ 12,868,546.37 ASR Asra Minerals Ltd 0.002 0% 33% -33% -67% -33% $ 8,000,396.02 ARI Arika Resources 0.042 -5% 20% 40% 110% 56% $ 37,005,730.00 CTO Citigold Corp Ltd 0.004 0% 33% 14% -11% 0% $ 12,000,000.00 SMI Santana Minerals Ltd 0.595 2% 9% 23% 51% 23% $ 422,790,424.88 M2R Miramar 0.004 0% 14% 0% -60% 33% $ 3,987,293.14 MHC Manhattan Corp Ltd 0.024 14% 20% 4% -4% 26% $ 5,637,573.55 GRL Godolphin Resources 0.014 22% 56% 0% -7% -3% $ 6,284,226.37 SVG Savannah Goldfields 0.018 -14% 6% 21% -38% -2% $ 20,548,386.70 EMC Everest Metals Corp 0.145 7% 12% 4% 16% 7% $ 30,257,719.43 GUL Gullewa Limited 0.069 0% 0% 23% -1% 23% $ 15,043,529.87 CY5 Cygnus Metals Ltd 0.1 11% 11% -29% 56% 0% $ 105,262,955.62 G50 G50Corp Ltd 0.3 11% 150% 67% 82% 94% $ 48,179,297.70 ADV Ardiden Ltd 0.165 3% 14% 14% 22% 22% $ 10,315,388.49 AAR Astral Resources NL 0.165 3% -6% 10% 109% 22% $ 226,883,100.64 VMC Venus Metals Cor Ltd 0.11 -8% 0% 75% 26% 64% $ 20,593,511.72 NAE New Age Exploration 0.004 33% 14% 33% 14% 14% $ 10,823,645.62 VKA Viking Mines Ltd 0.006 0% 0% -40% -25% -25% $ 9,407,641.24 LCL LCL Resources Ltd 0.006 0% 0% -33% -25% -40% $ 7,195,542.91 MTH Mithril Silver Gold 0.51 3% 2% 34% 240% 28% $ 77,446,791.66 ADG Adelong Gold Limited 0.005 -17% 25% 0% 25% 11% $ 11,243,383.37 RMX Red Mount Min Ltd 0.008 -6% -11% 0% -20% -11% $ 4,658,367.41 PRS Prospech Limited 0.024 0% 41% 0% -35% -17% $ 8,334,169.51 TTM Titan Minerals 0.325 2% 0% -21% -28% -14% $ 83,425,825.92 AKA Aureka Limited 0.105 6% -9% -36% -99% -22% $ 12,605,028.10 AAM Aumegametals 0.034 0% 17% -19% -35% -19% $ 21,817,825.09 KZR Kalamazoo Resources 0.11 13% 22% 49% 49% 49% $ 24,133,286.87 BCN Beacon Minerals 1.305 13% 17% 25% 31% 48% $ 137,359,543.10 MAU Magnetic Resources 1.535 6% -1% 24% 27% 39% $ 398,488,284.32 BC8 Black Cat Syndicate 0.83 2% 3% 18% 144% 47% $ 605,005,588.98 EM2 Eagle Mountain 0.007 17% 17% -22% -85% -22% $ 7,945,261.02 EMR Emerald Res NL 3.69 1% -19% -2% -9% 14% $ 2,477,332,862.48 BYH Bryah Resources Ltd 0.007 -13% -42% 75% 40% 133% $ 6,171,195.19 HCH Hot Chili Ltd 0.63 2% 14% -7% -33% -10% $ 97,033,901.44 WAF West African Res Ltd 2.38 7% 8% 46% 60% 66% $ 2,724,515,917.41 MEU Marmota Limited 0.038 -3% -3% -38% -12% -3% $ 45,953,925.81 NVA Nova Minerals Ltd 0.25 -4% -22% -35% 32% -32% $ 108,405,382.59 SVL Silver Mines Limited 0.15 0% 36% 105% 0% 92% $ 276,692,308.80 PGD Peregrine Gold 0.34 79% 119% 127% 81% 143% $ 27,151,277.12 ICL Iceni Gold 0.066 -1% 16% -8% 0% -7% $ 22,657,891.54 FG1 Flynngold 0.029 -3% -9% 16% 12% 16% $ 11,348,177.63 WWI West Wits Mining Ltd 0.022 13% 10% 38% 47% 57% $ 75,834,374.93 RML Resolution Minerals 0.081 29% 62% 575% 238% 575% $ 54,759,584.50 AAJ Aruma Resources Ltd 0.008 0% -11% -20% -27% -33% $ 2,623,524.20 HWK Hawk Resources. 0.019 -5% 6% -14% -47% -14% $ 5,147,659.53 GMN Gold Mountain Ltd 0.09 -22% 80% -10% -55% -40% $ 12,211,260.60 MEG Megado Minerals Ltd 0.04 3% 167% 208% 282% 135% $ 29,701,430.05 HMG Hamelingoldlimited 0.063 -7% -11% 0% -37% -2% $ 12,988,883.90 BM8 Battery Age Minerals 0.06 -5% 9% -39% -54% -43% $ 9,108,109.38 TBR Tribune Res Ltd 4.71 -1% -1% 10% 20% 10% $ 244,501,238.82 FML Focus Minerals Ltd 0.39 -1% 4% 77% 189% 129% $ 110,325,078.33 VRC Volt Resources Ltd 0.005 43% 25% 67% 25% 67% $ 23,424,247.06 ARV Artemis Resources 0.005 0% 0% -44% -44% -38% $ 13,946,196.91 HRN Horizon Gold Ltd 0.485 -6% -14% -6% 74% 2% $ 86,903,953.80 CLA Celsius Resource Ltd 0.006 -14% -14% -40% -54% -45% $ 20,380,674.94 QML Qmines Limited 0.058 23% 45% 4% 14% 7% $ 25,347,707.19 RDN Raiden Resources Ltd 0.0045 13% -10% -36% -82% -59% $ 15,529,011.49 TCG Turaco Gold Limited 0.465 1% -1% 45% 107% 82% $ 478,009,016.49 KCC Kincora Copper 0.061 11% 69% 110% 22% 126% $ 13,404,980.02 GBZ GBM Rsources Ltd 0.02 -9% 43% 150% 150% 150% $ 29,733,083.31 DTM Dart Mining NL 0.003 0% 0% -71% -84% -67% $ 3,594,166.73 MKR Manuka Resources. 0.046 5% 12% 74% 47% 68% $ 38,344,112.77 AUC Ausgold Limited 0.575 0% -24% 31% 60% 37% $ 248,937,808.84 ANX Anax Metals Ltd 0.007 0% 40% -30% -72% -42% $ 6,179,652.97 EMU EMU NL 0.021 -16% 5% -25% -13% -22% $ 4,436,217.83 SFM Santa Fe Minerals 0.27 -10% 671% 694% 744% 771% $ 19,661,073.03 PNR Pantoro Gold Limited 3.72 24% 20% 108% 164% 143% $ 1,539,826,697.36 CMM Capricorn Metals 8.98 -4% -14% 19% 64% 43% $ 3,996,970,576.74 VRL Verity Resources 0.025 0% 9% 35% -36% 28% $ 6,985,586.70 HAW Hawthorn Resources 0.054 0% -4% 29% -24% 32% $ 18,090,843.10 BGD Bartongoldholdings 0.68 -3% -15% 157% 172% 178% $ 161,740,826.64 SVY Stavely Minerals Ltd 0.017 -11% 55% -6% -39% 0% $ 9,248,715.58 AGC AGC Ltd 0.17 10% 10% 31% -41% 10% $ 41,055,555.52 RGL Riversgold 0.004 -20% 0% 33% -27% 0% $ 6,734,850.37 TSO Tesoro Gold Ltd 0.029 0% 23% 26% -3% 45% $ 62,455,210.42 GUE Global Uranium 0.073 7% 20% -5% 6% 22% $ 32,287,581.78 CPM Coopermetalslimited 0.048 -4% 37% 4% -26% 4% $ 3,761,071.20 MM8 Medallion Metals. 0.27 13% 8% 125% 350% 125% $ 165,175,201.35 FFM Firefly Metals Ltd 1.15 2% 13% 28% 37% 24% $ 748,241,200.93 CBY Canterbury Resources 0.025 0% -17% 14% -48% 14% $ 4,563,699.71 SLA Solara Minerals 0.245 23% 40% 0% -22% 172% $ 13,046,585.18 SFR Sandfire Resources 11.06 2% -1% 11% 31% 19% $ 5,159,967,706.40 TAM Tanami Gold NL 0.059 2% 7% 111% 97% 97% $ 69,330,725.71 NWM Norwest Minerals 0.014 -7% 27% 9% -42% 17% $ 14,525,378.43 ALK Alkane Resources Ltd 0.71 9% -5% 33% 35% 39% $ 423,879,324.40 BMO Bastion Minerals 0.001 -33% -50% -75% -79% -68% $ 3,162,696.47 IDA Indiana Resources 0.088 -1% 14% 38% 90% 44% $ 56,560,456.30 GSM Golden State Mining 0.009 13% 29% 13% -25% 13% $ 2,514,335.67 NSM Northstaw 0.036 0% 9% 82% 123% 128% $ 11,328,677.61 GSN Great Southern 0.027 4% 8% 50% 59% 80% $ 25,916,911.54 VAU Vault Minerals Ltd 0.395 0% -1% 8% -5% 20% $ 2,755,001,719.71 THR Thor Energy PLC 0.008 -20% -20% -30% -53% -38% $ 6,397,108.52 CDR Codrus Minerals Ltd 0.03 7% -14% 76% 0% 76% $ 6,202,031.37 MDI Middle Island Res 0.02 0% -9% 54% 18% 67% $ 5,864,679.42 WTM Waratah Minerals Ltd 0.275 -5% 0% 83% -20% 77% $ 66,550,995.81 POL Polymetals Resources 0.78 7% -3% -11% 184% -2% $ 214,250,941.60 RDS Redstone Resources 0.004 0% 33% 33% -11% 60% $ 4,137,069.42 NAG Nagambie Resources 0.016 0% 7% 0% 100% -11% $ 12,852,837.50 BGL Bellevue Gold Ltd 0.855 -7% -3% -24% -53% -24% $ 1,321,311,865.77 GBR Greatbould Resources 0.062 0% 0% 29% 24% 44% $ 57,992,501.10 KAI Kairos Minerals Ltd 0.0255 6% -12% 89% 219% 113% $ 65,772,804.73 KAU Kaiser Reef 0.18 0% 3% 9% 4% 13% $ 109,806,037.75 HRZ Horizon 0.048 0% -2% 4% 30% 20% $ 144,443,308.00 CDT Castle Minerals 0.077 -3% 3% 28% -36% 28% $ 9,280,765.60 RSG Resolute Mining 0.635 -2% 2% 57% -2% 61% $ 1,405,599,368.58 EVN Evolution Mining Ltd 7.3 -2% -5% 31% 78% 52% $ 15,097,934,010.64 CXU Cauldron Energy Ltd 0.01 0% 25% -18% -58% -14% $ 17,911,610.07 DLI Delta Lithium 0.165 10% -3% -3% -25% -3% $ 121,812,104.64 ALY Alchemy Resource Ltd 0.005 -9% -9% -29% -38% -29% $ 5,890,381.28 NH3 Nh3Cleanenergyltd 0.053 -20% 66% 194% 308% 194% $ 34,366,798.69 OBM Ora Banda Mining Ltd 0.69 8% -21% -9% 60% 6% $ 1,318,672,891.90 AVW Avira Resources Ltd 0.007 0% 0% -65% -65% -65% $ 1,610,000.00 LCY Legacy Iron Ore 0.009 0% 0% 0% -48% -10% $ 87,858,383.26 PDI Predictive Disc Ltd 0.45 2% 18% 67% 137% 96% $ 1,179,899,633.70 MAT Matsa Resources 0.078 8% 20% 95% 212% 123% $ 56,950,659.51 ZAG Zuleika Gold Ltd 0.02 25% 33% 67% 18% 54% $ 13,353,838.69 GML Gateway Mining 0.027 2% 0% 23% 13% 29% $ 10,220,507.38 SBM St Barbara Limited 0.3 7% 3% 20% 33% 33% $ 330,268,134.01 SBR Sabre Resources 0.01 11% 25% 25% -29% 0% $ 3,550,157.40 STK Strickland Metals 0.16 10% 7% 105% 65% 88% $ 384,601,165.49 CEL Challenger Gold Ltd 0.09 10% 8% 80% 80% 91% $ 188,075,086.20 GG8 Gorilla Gold Mines 0.395 10% -8% 72% 301% 52% $ 245,565,912.68 NST Northern Star 15.81 -3% -20% -8% 10% 2% $ 23,242,485,705.73 OZM Ozaurum Resources 0.07 -15% 13% 133% 37% 133% $ 16,037,131.11 TG1 Techgen Metals Ltd 0.022 0% -4% -35% -29% -37% $ 3,649,311.33 XAM Xanadu Mines Ltd 0.08 1% 1% 70% 36% 63% $ 181,005,683.93 AQI Alicanto Min Ltd 0.03 3% 3% -30% 36% -19% $ 25,444,289.28 KTA Krakatoa Resources 0.013 0% 8% 30% 18% 37% $ 10,076,742.33 ARN Aldoro Resources 0.33 -12% 6% 22% 284% -13% $ 64,182,702.15 WGX Westgold Resources. 2.64 -4% -10% 1% -3% -7% $ 2,575,861,363.53 MBK Metal Bank Ltd 0.011 -8% 0% -27% -41% -27% $ 4,974,589.98 A8G Australasian Metals 0.062 -7% -6% -17% -26% -22% $ 3,589,162.95 TAR Taruga Minerals 0.008 0% 0% -20% -11% -20% $ 5,710,032.46 DTR Dateline Resources 0.135 8% 82% 4400% 2150% 3757% $ 442,257,919.04 GOR Gold Road Res Ltd 3.15 -2% -5% 28% 74% 54% $ 3,454,749,010.80 S2R S2 Resources 0.067 -13% -1% -13% -48% 0% $ 33,496,064.49 NES Nelson Resources. 0.004 33% 33% 33% 33% 33% $ 6,515,782.98 TLM Talisman Mining 0.15 9% 15% -27% -45% -27% $ 27,306,450.61 BEZ Besragoldinc 0.048 -4% 2% -35% -8% -47% $ 19,943,854.32 PRU Perseus Mining Ltd 3.56 0% 2% 28% 32% 39% $ 4,942,010,454.55 SPQ Superior Resources 0.005 0% 25% -17% -50% -17% $ 11,854,913.63 PUR Pursuit Minerals 0.068 3% 84% -17% -55% -29% $ 6,732,042.50 RMS Ramelius Resources 2.72 11% 6% 17% 36% 31% $ 3,245,567,236.80 PKO Peako Limited 0.0025 -17% 25% -17% -38% -17% $ 3,719,354.90 RKB Rokeby Resources Ltd 0.014 -13% 100% 115% 180% 180% $ 22,888,055.96 A1G African Gold Ltd. 0.215 5% 30% 172% 760% 291% $ 115,913,153.84 NMG New Murchison Gold 0.017 0% -6% 70% 183% 89% $ 175,464,451.81 GNM Great Northern 0.02 18% 54% 33% 82% 43% $ 3,092,581.54 KRM Kingsrose Mining Ltd 0.039 8% 30% 15% -20% 11% $ 30,141,060.76 BTR Brightstar Resources 0.48 -13% 1% -9% 20% -4% $ 229,200,073.92 RRL Regis Resources 4.21 -5% -9% 40% 120% 65% $ 3,295,303,277.44 M24 Mamba Exploration 0.015 15% 7% -12% 25% 25% $ 4,722,649.76 TRM Truscott Mining Corp 0.052 6% 6% -37% -13% -33% $ 10,175,805.12 TNC True North Copper 0.36 -8% 3% -12% -93% -88% $ 49,042,373.38 MOM Moab Minerals Ltd 0.0015 50% 50% -25% -70% -25% $ 2,811,999.05 KNB Koonenberrygold 0.05 4% 67% 138% 213% 317% $ 54,328,777.15 AWJ Auric Mining 0.175 -3% 3% -44% -20% -49% $ 33,476,598.36 ENR Encounter Resources 0.28 -2% 19% 4% -56% -14% $ 137,167,887.73 SNG Siren Gold 0.053 4% 10% -4% -24% -18% $ 11,824,412.89 STN Saturn Metals 0.415 1% 19% 77% 118% 102% $ 197,653,895.46 USL Unico Silver Limited 0.455 3% 72% 133% 160% 133% $ 194,884,970.98 PNM Pacific Nickel Mines 0.024 0% 0% 0% 0% 0% $ 10,103,834.52 AYM Australia United Min 0.002 0% -33% 0% -33% -50% $ 3,685,154.97 HAV Havilah Resources 0.19 9% 9% -10% -7% -16% $ 64,458,696.24 SPR Spartan Resources 2.13 10% 5% 47% 63% 51% $ 2,847,436,934.76 PNT Panthermetalsltd 0.0095 -14% -37% 6% -62% -14% $ 2,858,593.21 MEK Meeka Metals Limited 0.14 4% -3% 27% 250% 82% $ 437,355,775.50 GMD Genesis Minerals 3.92 -1% -13% 28% 81% 59% $ 4,623,941,553.13 PGO Pacgold 0.064 2% -2% -16% -53% -15% $ 10,496,923.90 FEG Far East Gold 0.165 -11% 3% -6% -8% -8% $ 62,394,667.01 MI6 Minerals260Limited 0.11 -4% -4% -15% -31% -15% $ 227,406,666.63 IGO IGO Limited 5.36 11% 33% 2% -3% 12% $ 4,058,955,477.68 GAL Galileo Mining Ltd 0.165 3% 57% 6% -6% 32% $ 30,631,863.69 RXL Rox Resources 0.315 7% 15% 37% 142% 58% $ 238,911,961.28 PTN Patronus Resources 0.065 -3% -4% 14% 14% 33% $ 111,343,050.67 CLZ Classic Min Ltd 0.001 0% 0% 0% 0% 0% $ 3,017,699.21 TGM Theta Gold Mines Ltd 0.185 3% 32% 16% 42% 3% $ 167,649,324.30 FAL Falconmetalsltd 0.48 -5% 300% 256% 43% 317% $ 83,378,940.00 SPD Southernpalladium 0.645 10% 17% 29% 70% 8% $ 71,656,500.00 ORN Orion Minerals Ltd 0.01 0% 0% -29% -44% -33% $ 72,816,360.69 TMB Tambourahmetals 0.024 14% 4% -4% -46% 14% $ 4,302,377.14 TMS Tennant Minerals Ltd 0.006 -14% 0% -48% -70% -33% $ 7,461,232.91 AZY Antipa Minerals Ltd 0.565 2% -20% 71% 414% 117% $ 375,379,026.44 PXX Polarx Limited 0.01 18% 43% 11% -23% 54% $ 21,379,508.80 TRE Toubani Res Ltd 0.32 -4% 10% 137% 56% 88% $ 84,910,634.49 AUN Aurumin 0.105 6% 5% 64% 169% 59% $ 52,107,315.12 GPR Geopacific Resources 0.028 4% 27% 27% 31% 40% $ 89,109,029.13 FXG Felix Gold Limited 0.175 3% 30% 40% 265% 108% $ 74,610,077.87 ILT Iltani Resources Lim 0.23 21% 5% 5% 10% 12% $ 15,166,384.46 BRX Belararoxlimited 0.08 33% 33% -54% -67% -54% $ 12,959,918.16 TM1 Terra Metals Limited 0.066 10% 40% 128% 12% 136% $ 31,063,302.79 TOR Torque Met 0.23 15% 70% 297% 77% 334% $ 134,277,172.49 ARD Argent Minerals 0.023 5% 10% 28% 35% 35% $ 33,261,231.04 LM1 Leeuwin Metals Ltd 0.14 0% 8% 17% 71% 0% $ 14,112,893.76 SX2 Southgold Consol 5.7 -5% -26% 54% 0% 0% $ 829,044,349.56 UVA Uvrelimited 0.135 4% 57% 59% 35% 52% $ 24,076,000.13 VTX Vertexmin 0.21 -9% -19% -33% 169% 1% $ 44,379,912.94 Peregrine Gold (ASX:PGD) was among the top movers in the junior gold space, though the Mark Creasy-backed owner of the Newman gold project was largely running on the discovery of a high grade channel iron deposit on its ground. The project sits just 2km from BHP's Western Ridge and 13km from its Mt Whaleback deposit. First Au (ASX:FAU) lifted after starting a 3000m diamond drill program following mapping at its Nimba gold project in Liberia.

Trump puts world 'on notice' to lift beef bans
Trump puts world 'on notice' to lift beef bans

News.com.au

time3 hours ago

  • News.com.au

Trump puts world 'on notice' to lift beef bans

US President Donald Trump has issued a scorching demand for any global bans on US beef to be lifted, following the relaxation of importation rules in Australia. In a post on his social media platform Truth Social, Mr Trump said 'After many years Australia has agreed to accept American Beef'. 'For a long time, and even though we are great friends, they actually banned our Beef.' He insisted that the US would now sell 'so much to Australia'. 'This is undeniable and irrefutable Proof that U.S. Beef is the Safest and Best in the entire World. 'The other Countries that refuse our magnificent Beef are ON NOTICE. 'All of our Nation's Ranchers, who are some of the hardest working and most wonderful people, are smiling today, which means I am smiling too. He ended the post with a call to 'keep the Hot Streak going'. It comes after the Albanese government's decision to lift restrictions on US beef imports, which came after a lengthy science-based review. The relaxation of the rules has however faced criticism from the Coalition for its 'exquisite' timing as Labor enters trade negotiations with the US. The Trump Administration claimed credit for the change in a Department of Agriculture press release titled 'Make Agriculture Great Again Trade Wins: President Trump Secures Greater Ag Market Access to Australia for American Beef'. The US Secretary of Agriculture Brooke Rollins said the change removed 'non-scientific trade barriers'. 'Gone are the days of putting American farmers on the sidelines,' Ms Rollins said. 'This is yet another example of the kind of market access the President negotiates to bring America into a new golden age of prosperity, with American agriculture leading the way.' The change was also praised by US Trade Representative Jamieson Greer in a statement on Thursday that singled out US President Donald Trump's 'leadership' for the change. 'Yesterday's decision by Australia marks a major milestone in lowering trade barriers and securing market access for US farmers and ranchers,' he said. 'President Trump is taking decisive action to confront unfair trading practices, and Australia's decision to unlock market access for US beef is a direct result of his leadership.' US beef was first banned in Australia in 2003 following an outbreak of mad cow disease. It was a total ban until 2019, when it was lifted, albeit restrictions remained on US exports that originated in Canada or Mexico. Australia had maintained the ban under the banner of biosecurity, but Agriculture Minister Julie Collins said that the Department of Agriculture, Fisheries and Forestry was 'satisfied' with the 'strengthened control measures' put in place by the US. Local Australian beef producers have said the expect the new import rules to have minimal effect, citing high demand in the US and Australian's preference for homegrown meat. 'The potential for US beef to be imported into Australia in large volumes is minimal, given the high demand for beef in the US, the low US cattle herd, the strength of the Australian dollar, our competitive domestic supply, and most importantly Australians' strong preference for high-quality, tasty and nutritious Australian beef,' Meat and Livestock Australia said in a statement.

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