Latest Market Volatility News

Hillgrove Resources reported a robust March quarter with a 12% increase in copper production and a 92% rise in mine operating cash flow, underpinned by a successful $18 million capital raise to accelerate growth at Kanmantoo.

Fitzroy River Corporation reported steady royalty income for the year ending March 2025, alongside key strategic agreements and a planned capital return, navigating a volatile global energy landscape.

Nickel Industries delivered a robust US$97.3 million Adjusted EBITDA in Q1 2025 despite production challenges and a declining nickel price. Key milestones include approval to nearly double Hengjaya Mine’s ore sales quota and a strategic deferral of substantial ENC acquisition payments.

Sandfire Resources reported resilient March quarter results despite severe weather disruptions, maintaining its FY25 copper equivalent production guidance and reducing net debt by $45 million. The company also advanced exploration and secured a new $650 million corporate revolving facility, enhancing financial flexibility.

Stanmore Resources has maintained its 2025 coal production guidance despite unprecedented wet weather disruptions, while lowering its cost and capital expenditure forecasts amid challenging market conditions.

Boss Energy’s March quarter report reveals a successful ramp-up at its Honeymoon Uranium Project, delivering its first free cash flow and beating cost guidance, while strategic investments and exploration progress position the company well amid a tightening uranium market.

Coda Minerals has expanded its Elizabeth Creek copper-cobalt-silver project with new drilling success at Emmie East, revealing mineralised shale beyond the main resource. Concurrent metallurgical testwork aims to boost recoveries and reduce capital costs.

Ardea Resources reports robust progress on its Kalgoorlie Nickel Project – Goongarrie Hub, highlighted by significant drilling outcomes, major engineering contracts awarded, and a $98.5 million DFS funding commitment from a Japanese consortium.

Australasian Metals Limited is streamlining its portfolio to concentrate on near-term exploration wins, launching a new IP survey at its promising May Queen gold project while exiting less viable ventures.

Fletcher Building reported a challenging HY25 with a 7% revenue decline and a net loss of NZ$134 million, while executing a $700 million equity raise to strengthen its balance sheet and advancing significant cost reduction initiatives.

Mineral Resources Limited posted a substantial $809 million loss for the half-year ending December 2024, driven by lower revenues and significant impairment charges, notably at its Bald Hill lithium project. The company also announced no interim dividend as it focuses on liquidity and operational transitions.

Bendigo and Adelaide Bank clarifies a modest 5.8% variance in half-year cash earnings against market forecasts, confirming no material surprise and compliance with ASX disclosure rules.