Latest Market News

SEEK has reset the economics of its Growth Fund’s second five-year phase, targeting at least $840 million in investor liquidity and approximately $700 million for itself. The plan reduces fees, separates core from non-core assets and ends further capital contributions from SEEK, but distributions remain dependent on asset sales and market conditions.

Evergold Minerals will acquire the Rabbit Warren tenements near Leonora for $50,000 cash and $150,000 in shares, gaining access to a historic gold discovery with an untested 1982 intercept of 3 metres at 23 g/t. The opportunity is inexpensive, but the geological evidence remains largely historical and unverified.

Sigma Healthcare has entered FY27 with double-digit Chemist Warehouse sales growth, stronger earnings and a merger integration program targeting $100 million in annual synergies by FY29. The next test is whether store expansion and technology consolidation can convert momentum into durable cash returns.

Transurban’s Group average daily traffic rose 3.1% year on year in the September quarter, with Melbourne, North America and Sydney leading the portfolio higher. The update also corrects recent North American traffic and pricing data, with no reported revenue impact.

Beach Energy delivered its strongest quarterly revenue result on record, with sales rising 41% to A$565 million as production increased 9% to 5.4 MMboe. Waitsia reliability improved, offshore abandonment work was completed and FY27 guidance remained unchanged.

CurveBeam AI has secured its strongest first-quarter HiRise sales result, gained China regulatory clearance and raised A$7.35 million to fund the next stage of commercialisation. The progress comes alongside lower customer receipts and a reported 4.3 quarters of cash runway.

PLS has priced US$700 million of senior unsecured notes at an 8.00% coupon, adding a substantial source of funding as the lithium producer prepares for further capital investment. The notes mature in 2032, with settlement expected on 23 October subject to customary conditions.

GoldArc Resources has secured approval for the western haul road and expanded accommodation village needed to support mining at Mt Stirling and Mt Stirling Well. The project is now described as fully permitted and shovel ready, although a mining start date and processing arrangement remain unresolved.

AEMO has increased the capacity allocation for Frontier Energy’s Waroona Stage One project by 10.95MW, lifting expected annual Reserve Capacity Payments to about $36 million. The change raises the project’s forecast revenue, EBITDA and free cash flow through the fixed-price period, although the forecasts still depend on construction, commissioning and future capacity assessments.

Provaris Energy has accepted $914,500 in final Share Purchase Plan applications after delayed electronic transfers pushed demand 50% above its $600,000 target. The raise will fund hydrogen and LCO₂ development, while a proposed option package still requires shareholder approval.

SkyCity has reiterated its FY27 earnings outlook after first-quarter trading remained in line with expectations, despite subdued consumer conditions in New Zealand and Australia. Cost savings are running ahead of schedule, but one-off charges, online casino investment and the absence of formal guidance leave the recovery heavily execution-dependent.

Yancoal’s September quarter brought stronger realised coal prices and a A$340 million rise in cash before its Kestrel acquisition and interim dividend. The US$1.85 billion deal now starts contributing earnings, although the mine’s first quarter will include a planned longwall relocation and additional debt funding.