Latest Commodities News

IGO Limited has reported a dramatic downturn in its financial results for the year ended June 2025, with revenue plunging 60% and a net loss nearing $1 billion. The company also suspended dividends as net tangible assets per share fell sharply.

AXP Energy has updated its resource disclosures and is accelerating its gas-to-power strategy to fuel bitcoin mining operations in Oklahoma, leveraging proven oil fields and strong industry partnerships.

PolarX Limited has struck a significant joint venture deal with Northern Star Resources, enabling the gold producer to earn up to a 70% interest in the Alaska Range Project through staged investments totaling US$39 million. This partnership aims to accelerate exploration and resource expansion at key copper and gold deposits in Alaska.

Karoon Energy reported a 4% production increase in H1 2025 but saw underlying net profit after tax plunge 61%, driven by lower sales volumes and pricing. The company upgraded Baúna Project reserves by 35% and extended field life by seven years, while preparing for a CEO transition.

Nimy Resources has successfully raised $1.72 million through an oversubscribed share placement to fast-track copper and gallium exploration at its Mons Project in Western Australia.

KPMG has delivered an unqualified audit opinion on Bathurst Resources Limited’s FY2025 financial statements, while highlighting significant judgment areas around mining asset recoverability and rehabilitation provisions.

Kina Securities Limited reported a robust 37% jump in statutory net profit after tax for the half year ended June 2025, driven by solid revenue growth and expanding loan portfolios. The bank also declared a higher interim dividend, reflecting confidence in its financial strength.

Fenix Resources delivered a record 2.4 million tonnes of iron ore in FY25, marking a 64% production jump as it transitioned to a multi-mine operation. Despite iron ore price declines, the company maintained strong cash flow and declared a fully franked dividend, setting ambitious FY26 growth targets.

Katana Capital Limited reported a 10.63% gross investment return for the 2025 financial year, surpassing the All Ordinaries index by 1.16%. The fund’s defensive strategy and valuation discipline helped navigate a volatile market environment.

Worley Limited has announced an ordinary unfranked dividend of AUD 0.25 per share for the six months ending June 2025, signaling steady shareholder returns amid a complex energy sector landscape.

WAM Active Limited reported a robust FY2025 with a 26.4% investment portfolio gain and a steady fully franked dividend of 6.0 cents per share, underscoring its active management approach amid evolving market conditions.

Havilah Resources has unveiled detailed plans for developing two significant copper deposits in South Australia’s Curnamona Province, highlighting robust resource bases and strategic infrastructure advantages.