Post expansion, GER’s Ravenswood Gold is expected to be one of the largest gold producers in Queensland, Australia.
Meanwhile, its assets in Australia are made up of high quality met coal mines and sizable gold reserves and resources.
For its Indonesian operations, production increased from 1.8mt in 2010 to 33.5mn in 2020. The company has ramped up production significantly over the past 10 years. Meanwhile, Ravenswood Gold has 3.9 million ounces of gold resources and 2.6 million ounces of gold reserves, and a gold processing facility of up to 5.0 million tonnes per annum. PT Golden Energy Mines (GEMS) has more than 2.9 billion tonnes of energy coal resources and more than 1 billion tonnes of coal reserves. Stanmore has coal resources estimates of 1.7 billion tonnes, marketable coal reserves estimates of 130.0 million tonnes and a coal handling preparation plant capacity of up to 3.5 million tonnes per annum. GER owns and operates thermal coal mines in Indonesia (through 63% owned PT Golden Energy Mines), and metallurgical coal (75% owned Stanmore Resources) and gold mining (50% owned Ravenswood Gold) in Australia.RE-ITERATE BUY Entry – 0.32 Target –0.43 Stop Loss – 0.26.Golden Energy & Resources (GER SP): A hidden GEM A better-than-expected performance may provide another booster shot to its share price. The company is likely due to report its first half results in the last week of July. Upcoming semi-annual results is a key catalyst.Drewry expects rates to increase further in the coming week. The WCI Composite Container Freight Benchmark rate, which tracks eight major trade routes, surged to US$8,796, a 333% increase from the same period last year. This consists of 27 container vessels, 2 chemical tankers and 1 gas tanker. As of end-2020, Samudera’s operating fleet, which comprises vessels owned by the group as well as those on leases, currently stands at 30.The company’s vessels and services currently ply trade routes connecting various ports in Southeast Asia, the Indian Subcontinent, the Far East and the Middle East Samudera Shipping Line is primarily engaged in container shipping transportation of cargo in the Asia region.Therefore, Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.SINGAPORE Samudera Shipping (SAMU SP): Higher prices are coming for you All CFDs (stocks, indexes, futures) and Forex and cryptocurrency prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. Cryptocurrencies are not suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading or investing in cryptocurrencies carries with its potential risks. Currency trading on margin involves high risk and is not suitable for all investors. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals.
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