WA index flat as slower Chinese growth hit commodities

Advisory firm Deloitte on Thursday reported that the market capitalisation of Western Australian listed companies comprising its WA Index was sluggish during March, rising just 0.3% to close at A$168.9-billion. Deloitte’s national mining...

Company Announcement: Another Chance to Sell Common Stocks and Buy Precious Metals

It has been a tough last year for precious metals investors but not so much for common stocks. Sure, the Euro crisis benefited Gold initially but as the panic has abated, stocks are rallying back to their highs while Gold has sold off and the gold...

Plethora of precious metals entrants leaves some vulnerable, says McEwen

Prepare for more mergers and acquisitions in the precious metals space as a flood of new entrants leaves some of them suffering from market neglect, Rob McEwen, who merged two miners to form McEwen Mining said this week. The midtier and senior...

Minera Andes and US Gold shareholders green-light combination

US Gold and Minera Andes shareholders on Thursday voted in favour of the gold and silver producers merging to form McEwen Mining, with the new company set to start trading on the NYSE and TSX by the end of January. The deal is a major step in the...

Commodity uncertainty sees investors retreating from markets

Poor economic data and falling commodity prices have caused investors to retreat the resources-heavy Australian markets, advisory firm Deloitte reported on Friday. The firm said that its Western Australian Index dropped 11.9% in September, to...

Strong commodities demand boosts value of WA-listed miners

Advisory firm Deloitte said on Monday its Western Australian Index performed strongly over the past 12 months, with the value increasing by 36.5%. In a special addition of the Western Australian Index, released at the Diggers & Dealers conference...

McEwen wants $5bn market cap by 2015

Goldcorp founder Rob McEwen has announced plans to merge two junior companies he runs into a new Americas-focused miner, and wants the merged entity, to be named McEwen Mining, to qualify for the S&P 500 index by 2015. McEwen is the CEO,...

Gold hits one-month high on weak US outlook

Gold rose to its highest price in more than a month on Monday, as fears of a slowing U.S. economy and expectations that Federal Reserve monetary policy would remain easy prompted safe-haven demand. Bullion has gained nearly 6 percent in the past...

Value of WA-listed miners up 2,5% in February – Deloitte

The market capitalisation of Western Australia-listed companies, which comprise the Deloitte Western Australian Index, rose by 2,5% during the month of February, to close at A$196-billion. Deloitte managing partner Keith Jones said that the...

Gold ETF holdings hit record 2 167 t by yr-end – WGC

Total holdings in exchange-traded funds monitored by the World Gold Council rose to a new high of 2 167 t, worth $98-billion, by December 31, the industry body said in a report on Wednesday. Investors bought 361 t of gold in the ETFs, which...

Fortescue gives WA Index a boost – Deloitte

The market capitalisation of Western Australian companies, which comprise Deloitte’s Western Australian (WA) Index, increased by 4,9% last month, driven by a 21,4% gain in the value of iron-ore miner Fortescue Metals. Fortescue’s...

Market cap of listed WA companies up 9,9% – Deloitte Index

The market capitalisation of Western Australia-listed companies which comprise the Deloitte Western Australian Index increased by 9,9% for the month of September, maintaining its strong growth to close at A$167,1-billion. Western Australian...