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Light & Wonder Faces Australian Class Action Over Dragon Train Game Allegations

Light & Wonder (ASX:LNW) said it has received notice of a class action filed by law firm Phi Finney McDonald in the Supreme Court of Victoria alleging misleading statements regarding its dragon train game, according to a Thursday Australian bourse filing.The claim is brought on behalf of shareholders who acquired chess depositary interests between May 22, 2023, and Sept. 24, 2024, per the filing.The company has stated that it intends to vigorously defend the proceedings, the filing added.Its shares fell 1% in recent Thursday trade.

ASX:LNW

Asia67d ago

West African Resources' Total Gold Production Rises in March Quarter

West African Resources (ASX:WAF) said it produced 107,728 ounces of gold at an all-in sustaining cost (AISC) of $1,921 per ounce in the March quarter, compared with 50,033 ounces of gold produced in the prior-year quarter at an all-in sustaining cost of $1,262 per ounce, according to a Thursday Australian bourse filing.Gold sales in the first quarter came in at 104,145 ounces at a realized price of $4,945 per ounce, compared with 48,338 ounces of gold sold at an average price of $2,832 per ounce.Group production is tracking well to achieve its annual guidance of 430,000 ounces to 490,000 ounces of gold at an AISC under $1,900 per ounce.Its shares fell 1% in recent trading on Thursday.

ASX:WAF

Asia67d ago

Japanese Equities Rise at Open on Wall Street Record Gains, Indefinite Iran Ceasefire

Japanese stocks rose at Thursday's open, following Wall Street's record climb fueled by strong earnings and U.S. President Donald Trump's statement that the Iran ceasefire would continue indefinitely.The Nikkei gained 172.8 points or 0.3% to open higher at 59,758.64, with the S&P 500 jumping 1.1% to a record the night prior, marking its best month since 2020.Investors' risk appetite was further supported by robust U.S. company results, including a jump in Boeing's shares following solid first-quarter delivery figures.Market sentiment was further boosted after Trump extended the Iran truce, stepping back from earlier threats of resuming bombing Iran if no deal was reached by Wednesday's deadline.Attention now shifts to whether diplomatic talks can restart and eventually lead to an agreement between the two sides.

Nikkei 225

Asia67d ago

EQ Resources Starts Drilling Program at Queensland Tungsten Mine; Shares Up 9%

EQ Resources (ASX:EQR) started a drilling program at its Mt Carbine tungsten mine in Queensland to target extensions to existing resources and reserve definitions, according to a Thursday filing with the Australian bourse.The current drill plan includes 28 holes for roughly 7,700 meters, the filing said.The program is expected to run for about four months, with assay results to be released progressively in the next three to six months, per the filing.Shares rose 9% in morning trade on Thursday.

ASX:EQR

Asia67d ago

Santos Reports Lower Q1 Revenue, Higher Production

Santos (ASX:STO) reported first-quarter sales revenue of about $1.27 billion, down from $1.29 billion in the year-ago period, according to a Thursday filing with the Australian bourse.Sales volume for the quarter was 24.2 million barrels of oil equivalent (mmboe), up from 23.3 mmboe a year earlier, while total production increased to 22.5 mmboe in the first quarter from 21.9 mmboe a year ago, per the filing.The company maintained its 2026 guidance, including for production volume of 101 to 111 mmboe, sales volume of 101 to 111 mmboe, and capital expenditure of about $1.95 billion to $2.15 billion.Santos said its Barossa LNG project's floating storage and offloading facility is expected to commence ramping up production in the next week following the completion of the flushing and cleaning of heat exchanger trains.The company's shares gained nearly 2% in recent Thursday trade.

ASX:STO

Asia67d ago

Seven & i Lays Out 2030 Plan to Remodel Thousands of Stores, Expand US Network

Seven & i (TYO:3382), through its 7-Eleven unit, has unveiled a transformation strategy centered on elevating customer experience, according to a statement on Wednesday.A key priority involves remodeling more than 7,000 existing stores while opening 1,300 new "New Standard Stores" by 2030.Within the US network, Seven & i intends to accelerate franchising, converting 2,600 corporate-operated locations to franchises by 2030.The plan further targets doubling private brand sales to roughly $2.6 billion by 2030, alongside fuel vertical integration aimed at unlocking $400 million in annual EBITDA uplift.Separately, Nikkei reported on Thursday that Seven & i will close 645 underperforming 7-Eleven locations across the U.S. and Canada by February 2027, representing 5% of its North American footprint.Although the company plans to open 205 new outlets in the current fiscal year, the net effect will leave its North American operations with 12,272 stores, a reduction of 440 locations, the report said.Seven & i's American operator and subsidiary, 7-11 International, did not reply toqueries at press time.

TYO:3382

Asia67d ago

Alkane Resources Posts Higher Q3 Gold Production, Reiterates Fiscal Year 2026 Production Guidance

Alkane Resources (ASX:ALK) said fiscal third-quarter gold equivalent production was 45,776 ounces at an all-in sustaining cost (AISC) of AU$2,928 per ounce, with site operating cash flow of AU$189 million for the quarter, according to a Thursday Australian bourse filing.The company reported gold production of 17,656 ounces in the same period a year prior, an earlier filing showed.The company said gold equivalent sales for the quarter were 43,373 ounces for revenue of AU$275 million, at an average gold price of AU$6,330 per ounce and an average antimony price of AU$34,394 per tonne.Cash, bullion, and listed investment balance stood at AU$374 million after AU$16 million of corporate income tax payments during the quarter, with an AU$110 million revolving credit facility and AU$40 million contingent instrument facility executed during the quarter, the filing added.The company added that its full-year group guidance remains at 160,000 to 175,000 ounces of gold equivalent at AISC of AU$2,600 to AU$2,900 per ounce.The company was included in the S&P/ASX 200 effective on April 22, the filing said.Its shares fell 2% in recent Thursday trade.

ASX:ALK

Asia67d ago

Emerald Resources Posts Higher Gold Production in March Quarter

Emerald Resources' (ASX:EMR) Okvau gold mine operations in Cambodia recorded March quarter gold production of 26,300 ounces at an all-in sustaining cost (AISC) of $897 per ounce, according to a Thursday filing with the Australian bourse.The mine produced 19,100 ounces of gold in the March 2025 quarter at an AISC of $1,321 per ounce, an earlier filing showed.The company posted March quarter gold sales of 26,300 ounces at an average gold price of $4,875 per ounce.Gold sales in March 2025 was 26,300 ounces at an average gold price of $2,861 per ounce.The company reaffirmed its fiscal 2026 production guidance of 105,000 to 120,000 ounces, with output expected at the lower end of range, at an AISC that is in line with life-of-mine estimates of roughly $966 per ounce, the filing said.Shares fell nearly 1% in morning trade Thursday.

ASX:EMR

Asia67d ago

NexGen Energy Expands Uranium Subdomain Within Canada Mineralized Zone

NexGen Energy (ASX:NXG) expanded the high-grade uranium subdomain within the mineralized zone at Patterson Corridor East in Canada following its winter drill program, according to a Thursday filing with the Australian bourse.The subdomain has grown to 550 meters in vertical extent and strike length of 210 meters, with hole RK-26-280c1 returning cumulative 4.2 meters of over 10,000 counts per second, including 0.6 meters of over 61,000 counts per second at 834 meters below surface, the filing said.Summer drilling covering about 29,200 meters will start in May, per the filing.

ASX:NXG

Asia67d ago

Sandfire Resources Reports Lower Fiscal Q3 Copper Equivalent Production

Sandfire Resources (ASX:SFR) reported fiscal third-quarter copper equivalent production of 34,500 tonnes, down from 36,100 tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company maintained its fiscal 2026 copper equivalent production guidance range of 149,000 tonnes to 165,000 tonnes, per the filing.The company's shares were down 1% in recent Thursday trade.

ASX:SFR

Asia67d ago

SoftBank Group Expands Arm CEO Rene Haas's Role to Lead International Operations

SoftBank Group (TYO:9984) said Rene Haas, CEO of Arm and a member of SoftBank's board, will take on the additional role of CEO of SoftBank Group International (SBGI) starting April 21, according to a statement issued on the same day.In this expanded position, Haas will oversee SBGI, an operating platform managing certain international subsidiaries of SoftBank, and focus on improving coordination across semiconductor and AI companies within the portfolio to boost operational efficiency.He will continue to serve as Arm's CEO and remain on its board of directors.

TYO:9984

Asia67d ago

Perseus Mining Posts Lower Fiscal Q3 Gold Production, Completes Sale of Interest in Sudan Project

Perseus Mining (ASX:PRU) said fiscal third-quarter production totaled 107,144 ounces of gold at all-in site costs (AISC) of $1,748 per ounce, with gold sales of 96,260 ounces at an average sales price of $4,143 per ounce, according to a Thursday Australian bourse filing.The company's third-quarter fiscal 2025 gold production was 121,605 ounces at an AISC of $1,209 per ounce, while gold sales were 117,585 ounces for an average sales price of $2,462 per ounce, an earlier filing showed.The company reaffirmed its fiscal 2026 production guidance of 400,000 to 440,000 ounces at an AISC of $1,600 to $1,760 per ounce.Perseus completed the sale of its 70% group interest in the Meyas Sand Gold Project in Sudan for $260 million in cash, the filing added.

ASX:PRU

Asia67d ago

Black Cat Syndicate Reports Almost 24,000 Ounces of Gold Production in March Quarter

Black Cat Syndicate (ASX:BC8) reported March quarter gold production of 23,952 ounces, including third-party production of 11,553 ounces, according to a Thursday filing with the Australian bourse.The company said production came in slightly below its outlook of 25,000 to 28,000 ounces.Black Cat Syndicate expects June quarter production to be similar to the March quarter, but with "significantly higher" cash margins given a transition to gold ore extracted from mining projects wholly owned by the company.

ASX:BC8

Asia67d ago

ASX Preview: Australian Shares to Fall as Oil Prices Surge on Strait of Hormuz Shipping Attacks; Regis Resources' Gold Production Rises in Fiscal Q3

Australian shares are poised to fall on Thursday after oil prices surged more than 3% overnight amid fears of supply disruption triggered by attacks on shipping in the Strait of Hormuz, a surprise drawdown in US fuel inventories, and renewed geopolitical tensions involving Iran and the US, and ceasefire uncertainty.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.1%, 1.6%, and 0.7%, respectively.In the macroeconomy, Australia's private sector activity stabilized in April after March's decline, as a modest recovery in services was offset by continued weakness in manufacturing amid soft domestic demand, rising cost pressures, and supply chain disruptions linked to Middle East tensions, according to a survey by S&P Global released Thursday.In corporate news, Regis Resources (ASX:RRL) reported gold production of 90,592 ounces for the fiscal third quarter ended March 31, with an all-in sustaining cost of AU$2,807 per ounce, compared with 89,666 ounces at AU$2,538 per ounce in the same quarter a year earlier.Temple & Webster (ASX:TPW) said co-founder and Chief Executive Officer (CEO) Mark Coulter will transition to the role of executive chair, with Susie Sugden appointed as the company's next CEO, effective July 1.Australia's benchmark index fell 1.2% or 105.8 points to close at 8,843.60 on Wednesday.

ASX 200ASX:RRLASX:TPW

Asia67d ago

Market Chatter: Inpex CEO Outlines Emergency Shift Amid Hormuz Closure

Japan's Inpex (TYO:1605) has seen its exports from the United Arab Emirates come to a halt, following the effective shutdown of the Strait of Hormuz due to U.S.-Israeli attacks on Iran, Nikkei reported on Thursday, citing President and CEO Takayuki Ueda.While crude production in Abu Dhabi has dropped sharply, the company's facilities have not sustained any damage, Ueda told the news daily in an interview.Most of Inpex's contracts are free on board, and buyers unable to navigate the closed strait sometimes invoke force majeure, Ueda said during the interview.The company also holds assets in Azerbaijan, Kazakhstan, and Australia, though shipping from those nations to Japan takes two to three times longer than from the Middle East, the report said.Given the current crisis, Inpex intends to prioritize spot sales to Japanese refiners such as Eneos (TYO:5020), Idemitsu (TYO:5019), Cosmo Energy (TYO:5021), and Taiyo Oil, the news agency said.While Japan must reduce its reliance on Middle Eastern crude, Ueda stressed that drastically cutting supplies from the UAE and Saudi Arabia is unrealistic, so strengthening ties with the region remains essential alongside any diversification efforts, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:1605TYO:5019TYO:5020TYO:5021

Asia67d ago

Deep Yellow Completes Exploration Drilling at Namibia Prospect

Deep Yellow (ASX:DYL) completed reverse circulation infill drilling at the Tinkas prospect in Namibia, north-west of the Tumas project, on March 18, comprising 133 holes for 1,363 meters, according to a Thursday Australian bourse filing.Uranium mineralization of over 100 parts-per-million grade of triuranium octoxide-equivalent was intersected in 38 holes, the filing said. Further infill drilling may be required to establish a resource in the Tinkas area.The company also completed a high-resolution reflection seismic survey over the Condor Prospect at the Alligator River project in the Northern Territory to identify drill targets, per the filing. It aims to start drilling in the region in the June quarter.

ASX:DYL

Asia67d ago

Regis Resources' Gold Production Rises in Fiscal Q3

Regis Resources (ASX:RRL) produced 90,592 ounces of gold in the fiscal third quarter ended March 31, at an all-in sustaining cost (AISC) of AU$2,807 an ounce, according to a Thursday filing with the Australian bourse.The company produced 89,666 ounces of gold at an AISC of AU$2,538 per ounce in the quarter ended March 31, 2025, an earlier filing showed.Revenue for the quarter was AU$621.9 million, compared with AU$371.7 million in the previous year.The company expects fiscal year 2026 production in the range of 350,000 to 380,000 ounces, with AISC expected to be between AU$2,610 and AU$2,990 per ounce.The company has increased its growth capital guidance to between AU$240 million and AU$255 million, up from the previous range of AU$220 million and AU$235 million.

ASX:RRL

Asia67d ago

Pantoro Gold Enters Partnership Agreement for High-Grade Rama Open Pit in Western Australia

Pantoro Gold (ASX:PNR) said it has entered into a partnership agreement with Mega Resources and Bain Global Resources for the high-grade Rama Open Pit in Western Australia, according to a Thursday Australian bourse filing.The agreement includes an exclusive option for Pantoro Gold to mine and develop the high-grade underground mine beneath the open pit through a profit-sharing agreement, the company added.The company said it will advance up to AU$20 million to fund mining of the Rama Open Pit stage two, secured by a first-ranking interest over project tenure, with all loaned amounts earning interest at 5% per year and funds to be used solely to discharge existing debt and develop the second stage of the open pit.Advanced funds will be recouped from revenue generated from gold delivered by Mega at AU$1,000 per ounce, with all funds to be repaid within eight months of commencement, while Pantoro Gold will pay Mega between 70% and 80% of the value of reconciled gold produced, depending on ore grade, the filing added.Mega expects to deliver about 115,000 tonnes at 4.7 grams per tonne (g/t) gold with a minimum delivery obligation of 17,700 ounces, per the filing.Pantoro Gold holds an exclusive 12-month option to provide a work program for a potential underground operation following completion of the Rama Open Pit.

ASX:PNR

Asia67d ago

Core Lithium Reports AU$91.6 Million March Quarter-End Cash Balance, Awaits Shareholder Approval for Further Funding

Core Lithium (ASX:CXO) said its cash balance stood at AU$91.6 million as of March 31, up from AU$48.7 million at Dec. 31, 2025, including tranche one of its equity raise, with a further about AU$37 million received post-quarter end from tranche one of the convertible note funding, according to a Thursday Australian bourse filing.The company said the second tranche of the funding package, comprising an equity raise of AU$67 million and convertible notes of AU$62 million, both before costs, will "significantly" add to cash reserves, subject to shareholder approval at a general meeting convened for May 5, and Foreign Investment Review Board (FIRB) approval for the convertible notes.Proceeds from the sale of the Finniss spodumene concentrate stockpile are not due to be received until June and are not included in the cash balance at the end of the quarter, the filing added.

ASX:CXO

Asia67d ago

Ampol Submits Final ACCC Remedy Package for EG Australia Acquisition

Ampol (ASX:ALD) submitted its final remedy package to the Australian Competition and Consumer Commission (ACCC) on Wednesday for its proposed acquisition of EG Australia, offering to increase the number of planned divestments to 41 sites from 37, according to a Thursday filing with the Australian bourse.The company plans to sell the sites as a single package and is in advanced discussions with potential buyers, per the filing.The ACCC's phase two decision is expected by June 5, with a possible extension of up to 15 business days, and the transaction is still planned to close in mid-year subject to regulatory and other standard approvals, the filing added.

ASX:ALD

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