Latest Financials News

Horizon Oil has completed its acquisition of significant interests in two producing gas fields in Thailand, adding 2,100 barrels of oil equivalent per day to its portfolio and expanding its footprint in Southeast Asia.

Magmatic Resources and Fortescue have agreed on a $3.5 million exploration budget for FY25-26 at the Myall Project, focusing on extensive drilling to unlock copper-gold potential. Early results highlight promising mineralisation at the Calais prospect, setting the stage for accelerated exploration.

Burgundy Diamond Mines reported a mixed Q2-2025 with increased ore mined and carats recovered but lower revenue and margins, prompting a strategic pivot away from Point Lake and an extended focus on Misery and Fox underground operations.

Norwood Systems has extended the repayment date on its key loan facility to August 2025, underscoring the critical role this funding has played in securing a major Optus contract and supporting its growth ambitions.

Zenith Minerals has kicked off its Phase 1 drilling campaign at the Dulcie Far North gold prospect, setting the stage for a larger exploration push later in 2025 aimed at expanding its mineral resource base.

AIC Mines has successfully raised over $14 million through a Share Purchase Plan, exceeding its $10 million target, to fund expansions at its Eloise processing plant and the Jericho copper mine development.

Redcastle Resources has unveiled a positive Scoping Study for its Queen Alexandra gold project, highlighting a high-return open pit operation with near-term production potential and robust economics at current gold prices.

Brickworks Limited has announced a fully franked final dividend of 48.4 cents per share for FY2025, linked to Washington H. Soul Pattinson’s dividend as part of their proposed merger. The dividend will be paid regardless of the merger outcome.

Galan Lithium has formalised a $20 million strategic investment agreement with The Clean Elements Fund to fund the initial phase of its Hombre Muerto West lithium project in Argentina, aiming for production in early 2026.

Washington H. Soul Pattinson reports a solid FY25 with rising net asset value and a 27th consecutive dividend increase, outperforming market benchmarks despite volatility.

Capstone Copper delivered record Q2 2025 copper production and adjusted EBITDA, underpinned by strong sulphide output and a key environmental permit for its Mantoverde Optimized project. The company reaffirmed full-year guidance amid ongoing growth initiatives and a strengthened balance sheet.

Alcoa Corporation reported a solid $164 million net income for Q2 2025 amid strategic portfolio shifts including a new joint venture in Spain and the sale of its Saudi Arabia stake. The company navigated tariff challenges and resumed a key smelter restart after a power outage delay.