9 stories mentioning ASX:SMI
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Communications shares gained the most on the New Zealand Exchange, rising almost 2% by midday Thursday.Chorus (ASX:CNU, NZE:CNU) rose nealy 2% in recent trade.On the other hand, non-energy minerals shares dropped nearly 2%.Santana Minerals (NZE:SMI, ASX:SMI) drove the decline, with shares dropping 4%.
Non-energy minerals stocks gained the most on New Zealand's Exchange, rising 2% at midday Friday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining more than 10% in recent trade.Meanwhile, the consumer non-durables sector declined by more than 1%.a2 Milk Company (NZE:ATM, ASX:A2M) was down nearly 3% in recent trade.
Non-energy minerals stocks gained the most on New Zealand's Exchange, rising past 1% in midday Wednesday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining more than 3% in recent trade.Meanwhile, the technology services sector fell almost 3%.Shares of Vista Group International (NZE:VGL, ASX:VGL) were down past 4% in recent trade.
Santana Minerals (NZE:SMI, ASX:SMI) clarified that the settlement of the 3,680 hectares of land for its Bendigo-Ophir Project in South Island is required by the earlier of June 30, 2030, or 12 months after receiving all mining approvals, correcting its earlier statement that cited a Dec. 31 deadline, according to a Monday filing with the Australian and New Zealand bourses.The company's Kiwi shares were up almost 1% in recent Monday trade.
New Zealand shares ended higher on Thursday amid a broad-based rise in Asian shares as investors welcomed hopes of a US-Iran peace deal.The S&P/NZX 50 Index rose 0.95% or 125.42 points to close at 13,270.61.Iran said it was reviewing a peace proposal from the US on Wednesday, while US President Donald Trump said it's "very possible" that the two countries will come to a deal, according to a Wednesday Reuters report.In domestic news, the national average rent in New Zealand saw a 1.4% decline to NZ$631 per week in April, compared with NZ$640 per week during the same time last year, and almost NZ$30 below the highest recorded rent in May 2024 of NZ$660 per week.Also, the Organisation for Economic Cooperation and Development said New Zealand should reconsider how often it changes the Reserve Bank's remit, warning that frequent adjustments increase the risk of monetary policy errors, according to a Thursday statement by the international organization.In corporate news, Comvita (NZE:CVT) confirmed that it has satisfied the minimum capital raise requirement of NZ$25 million for its pro-rata renounceable rights offer, driven by strong shareholder participation and Fraser and Neave's nearly 20% shortfall commitment.Santana Minerals' (ASX:SMI, NZE:SMI) wholly owned subsidiary, Matakanui Land, has been approved by New Zealand's Overseas Investment Office to acquire land across Bendigo and Ardgour stations, clearing the way for the company's proposed gold mining project.
Santana Minerals' (ASX:SMI, NZE:SMI) wholly owned subsidiary, Matakanui Land, has been approved by New Zealand's overseas investment office (OIO) to acquire land across Bendigo and Ardgour stations, clearing the way for the company's proposed gold mining project, according to a Thursday filing with the Australian and New Zealand bourses.The approval includes 797 hectares at Bendigo station for mining infrastructure and pits, 92 hectares for a proposed Bendigo sanctuary, and 2,880 hectares at Ardgour station for processing facilities, tailings storage, offices, and ecological offset areas, per the filing.The project is expected to attract more than NZ$500 million in investment over 13 to 14 years, generate about 350 full-time jobs, increase exports, and strengthen the local economy, the filing said.The OIO consent key conditions include full settlement by December, securing resource consent by March 2035, and investing NZ$250 million in development within five years of receiving consent.The company expects to meet these requirements, with a final decision under the fast-track approvals act due in October and initial gold production planned for early 2028, the filing added.
Santana Minerals (ASX:SMI, NZE:SMI) reported steady progress across permitting, financing, and exploration at its Bendigo-Ophir Gold Project in New Zealand's South Island, highlighted by advancing fast-track approvals (FTA), a AU$130 million capital raise, and continued high-grade drilling success at the Rise and Shine deposit, according to a Tuesday filing with the Australian and New Zealand bourses.The company said the FTA process for Bendigo-Ophir remains a priority, with a consent decision set for Oct. 29 and engagement with the FTA expert panel already underway.Key infrastructure milestones include a finalized road access agreement with the Central Otago District Council and the creation of a NZ$1.3 million annual community fund.Operational readiness is advancing through key mining fleet agreements with Komatsu, alongside exploration success at the Rise and Shine deposit, where mineralization has been extended to over 2.2 kilometers with strong high-grade intercepts.The company completed a AU$130 million capital raising alongside a AU$4.1 million share purchase plan, strengthening funding for its predominantly debt-funded development plan, and closed the third quarter with a net cash balance of AU$184 million after payables.
Producer manufacturing shares gained the most on New Zealand's Exchange, rising past 1% by midday Friday.Shares of Scott Technology (NZE:SCT) were up past 2% in recent trade.Meanwhile, shares of the non-energy minerals sector fell over 2%.Santana Minerals (NZE:SMI, ASX:SMI) was down past 3% in recent trade.
Santana Minerals (ASX:SMI, NZE:SMI) said step-out drilling, targeting the northerly down-plunge extensions of mineralization at the Rise and Shine and Come-in-Time deposits in New Zealand, supports the model of the deposits being part of a broader gold camp, according to separate filings with the Australian and New Zealand bourses.It encountered intercepts of 12 meters at 1.5 grams per tonne grade of gold from 815 meters at Rise and Shine and 13.9 meters at 1.1 g/t grade of gold from 181.1 meters from Come-in-Time.Its shares fell 1% in early trading on the New Zealand bourse on Wednesday.