CAPITAL MARKETS

Miners lead the way

AUSSIE shares put in a strong performance today, with miners again leading the pack.

Andrew Duffy

The S&P/ASX 200 shrugged off losses in the previous two sessions to rise 85 points to 5468, with the materials sector up 2.7%.

The big miners dominated the top 200, with BHP Billiton up 3.3% to $A36.43 and Rio Tinto up 2.2% to $59.24.

Other big stocks at the top of the winners list included Regis Resources, which rose an impressive 7.1% to $1.63, while Newcrest Mining lunged 2.4% to $10.39.

Fortescue Metals Group continued its strong turnaround amid the rising iron ore price, gaining another 4.9% to $4.22.

Things were positive at the smaller end of the market as well, with Botswana Metals rocketing 26.2% to 2.4c after a review of previous drilling boosted its exploration prospects.

Golden Rim Resources also jumped 37.5% to 1.1c after releasing impressive rock chip sampling at the Korongou gold project in Burkina Faso.

Elsewhere, Monteray Mining climbed 37.5% to 1.1c, while Perseus Mining gained 16% to 36c on high-grade drilling results from a target at its Edikan gold mine in Ghana.

On the negative side, IMX Resources plunged 37.5% to 2.5c after it appointed an administrator to its 51%-owned subsidiary Termite Resources, operator of the Cairn Hill magnetite-copper operation in South Australia.

Talga Resources received a speeding ticket from the ASX after its shares rose more than 30% over the past two sessions.

Shares in Talga closed 5.4% down today to 35c.

Finally, Mantle Mining was placed in suspension pending details on a capital raising.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.