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Midas Minerals Says Drilling at Namibia Prospect Intercepts Copper-Silver Mineralization, Shares Fall 6%

Midas Minerals (ASX:MM1) said drilling at the Spaatzu prospect within the Otavi copper project in Namibia intercepted significant copper and silver mineralization, according to a Monday Australian bourse filing.Portable X-ray fluorescence readings from a drill hole included a 32-meter interval with readings averaging 1.8% grade of copper and 11 grams-per-tonne grade of silver from 152 meters, within a 52-meter mineralized interval. It also hit an intercept of 13 meters at 1.77% grade of copper and a 39.5 g/t grade of silver from 72 meters.Further drilling is required to delineate the full extent of mineralization and understand structural and lithological controls, it said.Its shares fell 6% in recent trading on Monday.

$ASX:MM1

Asia11d ago

China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

China Rare Earth Nonferrous Metals (SHA:600259) forecasted first-quarter attributable net profit of between 150 million yuan and 180 million yuan, compared with 47.3 million yuan the previous year.The up to 281% jump is due to higher rare earth prices and subsidiaries' loss reduction, according to a filing with the Shanghai bourse.Shares of the rare earth products company were down 1% in recent trade.

$SHA:600259

International11d ago

South Korean Won Weakens Amid Failed US-Iran Talks

The South Korean won weakened against the U.S. dollar on Monday after the talks between the US and Iran failed after 21 hours of negotiations in Islamabad.Following the failed negotiations, U.S. President Donald Trump on Sunday warned on Truth Social that the U.S. Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz.The won opened at 1,495.4 per dollar, weakening 12.9 won from the previous close, according to a Yonhap News report.According to Reuters, U.S. forces would block all maritime traffic entering and exiting Iranian ports at 10 am ET on Monday.

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Financial News · Live Terminal

Midas Minerals Says Drilling at Namibia Prospect Intercepts Copper-Silver Mineralization, Shares Fall 6%

China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

South Korean Won Weakens Amid Failed US-Iran Talks

Midas Minerals Says Drilling at Namibia Prospect Intercepts Copper-Silver Mineralization, Shares Fall 6%

China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

South Korean Won Weakens Amid Failed US-Iran Talks

Jingsheng Mechanical & Electrical's 2025 Profit Drops 65%, Revenue Falls 35%

SEM Holdings Controlling Shareholder Sells 9% Stake in Business

Market Chatter: Singapore to Likely Adjust Monetary Policy Amid Recession Fears

Litian Pictures to Raise HK$10 Million via Share Placement

Vinyl Group Completes Digital Media Business Acquisition From HOYTS Group Unit

Market Chatter: Telix Pharmaceuticals' Pipeline Validated by Regeneron Deal, Citi Says

Native Mineral Resources Holdings Restarts Mining at Queensland Project, Shares Slide 6%

GDH Guangnan Warns of Q1 Loss Amid Drop in Swine Prices, Intensified Competition

Voicecomm Technology Enters HK$94 Million Share Sale Agreement

Clifford Modern Living Invests Nearly HK$43 Million in Silver Bullion

Aneka Tambang Plans Nickel Exploration Activities in Indonesia

TOMO Completes Nearly HK$16 Million Share Placement; Shares Surge 21%

Poly Developments Logs 10% Slide in March Contracted Sales

Nova Minerals Appoints New CFO; Shares Down 4%

Magnus Concordia Receives Offers For Two Properties in Hong Kong

Zixin Group Sets Up Joint Venture to Tap into Singapore's Fresh Produce Market

Be Friends Grants 6.5 Million Shares to Employees Under Award Plan