Author: Bullion Index
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Platinum Asset Management’s NPAT Halves Amid $1.6bn Retail Outflows
Platinum Asset Management reported a significant decline in its Net Profit After Tax (NPAT) by half to $15.9 million in the first half of FY25, primarily due to retail outflows amounting to $1.6 billion. The company also experienced a decrease in funds under management (FUM) from $13 billion to $11.1 billion, attributed to the $2.5…
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Silver Mines Ltd. Surges 11% on ‘Highly Prospective’ Project News
Silver Mines Ltd. experienced a remarkable 11% surge following the release of news about its ‘highly prospective’ project. The company’s shares, which closed at 8 cents the previous day, soared to 8.9 cents during Thursday’s morning trading session, marking an 11.3% increase. Despite a slight pullback to 8.7 cents later on, the stock still boasted…
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Silver Prices Surge: Economic Analysis and Future Projections
Silver prices have experienced a significant surge, closely trailing behind gold’s recent climb above $3,000. Market expert Jeffrey Christian from CPM Group delves into the dynamics propelling the precious metals rally and offers insights into the factors shaping the future trajectory of silver. In addition to analyzing the price movements, Christian sheds light on the…
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Silver Surges: Safe-Haven Demand and Solar Panels Drive Price Increase
Silver has emerged as a shining star in the investment landscape, outshining even gold in recent times. The surge in silver prices, driven by a combination of factors, has caught the attention of investors worldwide. Once considered a less glamorous investment choice, silver has now gained a reputation as a safe haven asset and a…
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COMEX Silver Deliveries Surge Amid Market Shifts
COMEX Silver deliveries have seen a significant surge recently, indicating notable market shifts. This uptick in deliveries has been accompanied by expanding futures spreads, substantial metal transfers, and a noticeable rise in physical demand, all pointing towards a fundamental transformation in the market dynamics. Craig Hemke, in a recent discussion with Andrew Maguire, delved into…
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South Australia Embrace Silver Lining in Shield Final Venue Decision
South Australia’s Cricket Team Finds Positives in Sheffield Shield Final Venue Decision South Australia’s cricket team has found a silver lining in the Sheffield Shield final venue decision, with the Karen Rolton Oval set to host the prestigious match. Despite initial disappointment over the inability to move the final to Adelaide Oval, the team sees…
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Silver Surges: Drake Discovery Unveils Rich Resource Potential
In a recent development, a significant find at the Drake project by Legacy Minerals has unveiled a promising gold-silver resource potential. The acquisition of the Drake project in New South Wales, located 100km west of Lismore, was a strategic move by Legacy Minerals, led by Chris Byrne. This acquisition, secured at a favorable price through…
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Silver Surges: Precious Metal Prices Reach Record Highs
Silver prices have recently soared to unprecedented heights, marking a significant surge in the precious metal market. This surge in silver value has captured the attention of investors and analysts alike, reflecting a growing interest in alternative investments beyond traditional stocks and bonds. Historically, silver has been valued for its dual purpose as both a…
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Silver Mines Explores McPhillamys-Style Gold Potential at Elsienora
Silver Mines is embarking on an ambitious exploration venture at its Elsienora project in New South Wales, delving into the promising gold potential reminiscent of the nearby McPhillamys deposit. The company’s strategic move involves the commencement of a drilling campaign aimed at uncovering gold mineralization within the underexplored Godolphin-Copperhania Fault corridor. The historical backdrop of…
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Modern-Day Drake Discovery Unveils Gold-Silver Legacy Advancements
A recent exploration discovery reminiscent of the legendary figure Sir Francis Drake has shed light on the rich legacy of gold and silver in the mining industry. Legacy Minerals’ acquisition of the Drake project in New South Wales has unveiled a significant increase in its resource base, indicating a promising future for the company. The…