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Pantoro Gold Reports Lower Gold Production in March Quarter

Pantoro Gold's (ASX:PNR) production for the quarter ended March 31 came in at 17,757 ounces of gold, with 20,016 ounces of gold sold at an average gold price of AU$6,916 per ounce, according to a Tuesday Australian bourse filing.The company produced 18,334 ounces of gold in the March 2025 quarter, an earlier filing showed.The company's all-in sustaining cost rose to AU$3,204 per ounce in the March quarter from AU$2,427 per ounce a year earlier, while earnings before interest, taxes, depreciation, and amortization increased to AU$88.4 million from AU$46.4 million over the same period.The company expects a strong finish to fiscal year 2026 and remains on track to meet its guidance range of 86,000 to 92,000 ounces of gold by year-end.

$ASX:PNR

Asia3d ago

IGO's Shareholder Upside Muted Despite Robust Lithium Market, Says Jefferies

IGO's (ASX:IGO) structural issues and weak performance at its key Greenbushes asset are limiting shareholder exposure to upside despite a strong lithium market, Jefferies said in a note on Monday.The company reduced the fiscal 2026 spodumene production guidance from the Greenbushes lithium mine in Western Australia to 1.38 million tonnes to 1.43 million tonnes, reflecting performance year-to-date and CGP3 ramp-up expectations for the June quarter. Jefferies had expected Greenbushes 2026 production of 1.5 million tonnes.It also lowered capital expenditure outlook for the operation to AU$400 million to AU$450 million from AU$575 million to AU$675 million, compared with Jefferies' projection of AU$565 million.The company's Kwinana asset remains economically challenged and a large shutdown in April and May is to impact its June quarter output, the investment firm added.Jefferies reaffirmed a hold rating on IGO and cut its price target to AU$7 from AU$8.

$ASX:IGO

Research3d ago

Research Alert: CFRA Raises Rating On Shares Of Nice Ltd. To Hold From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price to $109 from $104, on a forward P/E of 9x our 2027 EPS projection of $12.07, below its three-year average on weaker earnings growth. We lower our 2026 EPS estimate to $10.89 from $10.91 and raise our 2027 EPS forecast to $12.07 from $12.06. Our rating upgrade reflects our views on NICE's valuation and AI adoption momentum, partially offset by macroeconomic uncertainty from the continuing Iran conflict and AI displacement risks. Although risks have increased, we note encouraging AI demand reported by software vendors, and see potential for NICE's AI ARR to scale faster than expected. Agentic tools are also gaining traction in the enterprise as firms double down on automation, and the addition of Cognigy is likely to broaden and improve pipeline activity in the coming quarters. While we remain cautious of NICE's outlook, we think its current valuation (multiple has compressed 12% since our last update) sufficiently bakes in these risks.

$NICE

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Oil & Energy3d ago

Iran Reportedly Proposes Hormuz Reopening as US Reviews Plan

Iran has proposed reopening the Strait of Hormuz while delaying nuclear talks, with Leavitt saying the proposal is under discussion, according to media reports.US President Donald Trump discussed the Iranian proposal with senior national security officials during meetings held on Monday, Karoline Leavitt, White House Press Secretary, said in a press briefing."I can confirm the president has met with his national security team this morning," Leavitt said, adding that the proposal is reportedly being discussed.Leavitt did not comment on whether the administration would accept the proposal.The proposal presented by Iran on Sunday suggests reopening the Strait of Hormuz while postponing negotiations over the nuclear program to a later stage, according to media reports.Leavitt said Trump's key conditions remain unchanged. She declined to confirm whether the administration is actively considering the proposal and said Trump will address the issue publicly soon.US Secretary of State Marco Rubio criticized the proposal, arguing it would give Iran control over access to an international waterway, Rubio said in an interview with Fox News.Rubio said Iran's approach would require ships to seek permission or face threats, which he said undermines the principle of open international navigation.He added the US would not accept any system that allows Iran to regulate access or impose costs on vessels using the Strait of Hormuz.The developments follow a planned second round of US-Iran talks over the weekend that did not proceed as expected.US President Donald Trump said he did not send representatives to Islamabad, citing internal divisions within Iran's leadership, according to a Truth Social post on Saturday.Trump said, "... there is tremendous infighting and confusion within their leadership," adding, "If they want to talk, all they have to do is call!"The US Department of State did not immediately respond to' requests for comment.Oil markets reacted to the developments, with Brent crude rising about 2.77% to $108.25 per barrel and US West Texas Intermediate gaining about 2.42% to $96.68.

Financial News · Live Terminal

Pantoro Gold Reports Lower Gold Production in March Quarter

IGO's Shareholder Upside Muted Despite Robust Lithium Market, Says Jefferies

Research Alert: CFRA Raises Rating On Shares Of Nice Ltd. To Hold From Sell

Pantoro Gold Reports Lower Gold Production in March Quarter

IGO's Shareholder Upside Muted Despite Robust Lithium Market, Says Jefferies

Research Alert: CFRA Raises Rating On Shares Of Nice Ltd. To Hold From Sell

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