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Gold, Rare Earths and Takeover Deals Drive a Volatile Week
11:33am on Saturday 22nd of August, 2026 AEST
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MARKET NEWS
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Gold, Rare Earths and Takeover Deals Drive a Volatile Week
11:33am on Saturday 22nd of August, 2026 AEST
Key Points
OceanaGold’s proposed A$776 million acquisition of Ausgold sent the target up 38.97%.
CSL rose 23.30% despite a US$2.6 billion statutory loss caused by impairments and restructuring costs.
LGI gained 22.11% after lifting profit and raising funds to expand renewable power generation.
Gold and exploration stocks remained strong, led by Astral Resources, Aurum Resources and Broken Hill Mines.
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