Author: openjargon

Commonwealth Bank of Australia (ASX: CBA) shares closed in the red on Tuesday afternoon.

The bank shares fell around 0.4% for the day, ending at $170.49 a piece.

Thanks to a strong start to the year, the bank shares are up around 6% for the year to date, but they’re still around 4% lower than 12 months ago.

For context, the S&P/ASX 200 Index (ASX: XJO) is up around 1% year to date and roughly 1.5% higher than 12 months ago.

But brokers are pretty pessimistic about the outlook for CBA shares over the next 12 months. Market Index data shows that all brokers have a sell rating on the banking giant’s shares. The average $123.25 target price implies a potential 28% downside at the time of writing. 

It’s not good news for CBA shares. But regardless of where the stock will be in 12 months’ time, there are a few other reasons I think the ASX bank shares are a screaming buy right now.

Here are three of them.

1. CBA has defensive qualities

CBA is huge in scale. The bank sits in second place on the ASX 200, behind only BHP Group Ltd (ASX: BHP) in terms of market capitalisation.

CBA is primarily a cyclical stock, but it has strong defensive qualities. Scarcity of quality stocks on the ASX also means investors tend to put major players, like CBA, on a pedestal. Its sheer scale often means investors generally consider it a safe haven when markets are unstable. 

We’ve seen this play out throughout 2026. Regardless of the business fundamentals and analyst outlooks, many investors will always favour and buy into CBA shares purely because it is Australia’s largest bank.

2. Consistent operational performance

Because CBA is a large-scale ASX bank stock with defensive qualities, its operational performance and earnings are mostly strong and consistent, even when markets are weaker. 

CBA posted its half-year results in February, where it revealed a 6% increase in cash net profit to $5,445 million. The result was far better than the market expected and demonstrated core banking business growth. 

The latest update from the bank was for the three months to 31 March 2026. It reported statutory net profit of $2.6 billion, while cash net profit was $2.7 billion – this was up 4% year on year, but down 1% on the quarterly average of the FY26 first half.

But the bank also reported growth in both loans and deposits. Annual growth to March 2026 saw business lending grow by 12.5%, household deposits grow by 9.1%, and home lending increase by 7.1%.

3. The bank pays a reliable passive income

CBA’s huge scale and consistent operational performance have enabled the bank to generate a long history of paying regular fully-franked dividends every year, dating back to 1992. 

And it pays its shareholders a good dividend yield, too. Its latest payment was a fully-franked interim dividend of $2.35 per share in late-March.

Looking ahead, the bank is forecast to pay a total dividend of $5.15 per share to shareholders in FY26. It is then expected to pay around $5.45 per share in FY27.

At the time of writing, this translates to a forward dividend yield of around 3% for FY26. For FY27, the forward dividend yield is about 3.2%.

The post 3 reasons CBA shares are a screaming buy right now appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has positions in BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Once Australians reach age 67, they might be eligible to receive the Age Pension to help fund living costs in their retirement.

The Age Pension is a fortnightly payment, paid by Centrelink, up to a maximum of $1,200.90 per fortnight for singles and $1,810.40 for couples combined. 

These figures include the maximum basic rate, the maximum pension supplement, and the energy supplement.

But not everyone is eligible. Eligibility for the Age Pension is heavily dependent on your income level and the assets you own. 

The problem is that many Australians miss out on payments because they understand the income test, but don’t really understand how the asset test works.

Overlooking your asset limits could quickly reduce your Age Pension payment, or worse, push it down to zero.

Here are the eight most important things Australians at age 58 need to know about the Age Pension asset test before they retire.

1. Limits and rules vary depending on if you’re single or a couple

In order to receive the full Age Pension, single homeowners cannot own assets valued at $333,000 or more. Meanwhile, a couple (combined) can own up to $499,000 in value if they own a property.

2. Limits and rules are higher for non-homeowners 

In order to receive the full Age Pension, single non-homeowners have a higher asset threshold of up to $600,000, and a couple (combined) can own up to $766,000 in asset value if they don’t own a property.

3. Your assets include everything, except the home you live in

The asset test includes everything you own, whether it’s in full, in part, or you have an interest in. This includes any stocks, like S&P/ASX 200 Index (ASX: XJO) shares, property, superannuation, an SMSF, or possessions you own. It also includes assets held outside Australia and any debts owed to you. It generally excludes the home you live in.

4. Deeming rules apply

In order to determine how much income you make from your assets, Centrelink uses a deeming rule. Deeming assumes your financial assets earn a fixed, set rate of income, regardless of what they actually earn. This assumed income is then added to your other income to determine your Age Pension rate. For single Australians, the first $66,800 of their financial assets has a deemed rate of 1.25%. Everything over that is deemed to earn 3.25% interest. Couples will have a 1.25% deeming rate on their first $110,600 of combined financial assets (this includes superannuation). Anything over $110,600 is deemed to earn 3.25%.

5. You can go over the limits and get a part-payment

If your assets are over the limit, it’s still possible to receive a part Age Pension payment. The cut-off point for a part-payment for single homeowners is $733,500, and $1,000,500 if you’re a single non-homeowner. Couples are also entitled to a part-payment, so long as their combined assets don’t exceed $1,102,500 for homeowners. Non-homeowners can own assets totalling up to a limit of $1,369,500. If your assets come in above the initial limits but below these thresholds, you’re still entitled to some level of payment.

6. You’re subject to the “lower rule of two”

Centrelink assesses you under both an income and an asset test. It then applies whichever gives you the lowest rate of payment for your individual circumstances, which it calls a “lowest rule of two”. 

7. Gifting money is a no-no

It can be tempting to gift a portion of your assets if you’re approaching the Age Pension age and think you’ll be over the thresholds. But Centrelink has rules to prevent this too. Individuals can give away up to $30,000 over a five-year period before it will affect their assets test. Any amount over $30,000 will be counted, for five years, as an asset and included in the asset test. The good news is, at age 58, Australians can gift any amount of money without immediate penalties from Services Australia, as long as they are at least five years away from Age Pension age (age 67). 

8. Downsizing could easily push you over

Similarly, it can be tempting to downsize your home to free up some cash, but this can be a bad idea too. The property you reside in is not included as part of the Age Pension asset test. But if you decide to downsize to something smaller and either invest or bank the rest, it could push you over the asset thresholds. For example, if you sell your $1 million primary residence, for example, and downsize to a $500,000 property, that $500,000 difference then becomes an assessable asset under Age Pension rules.

The post 8 things Aussies at age 58 need to know about the Age Pension asset test before they retire appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Beach Energy Ltd (ASX: BPT) share price is in focus today after the company reported quarterly production of 4.9 million barrels of oil equivalent (MMboe) and total revenue of $400 million for the June quarter.

What did Beach Energy report?

• Quarterly production of 4.9 MMboe, up 1% on the prior quarter
• Quarterly sales volumes of 4.8 MMboe
• Sales revenue of $400 million, down 5% on Q3 FY26
• Average realised oil price rose 39% to $174 per barrel
• Perth Basin production up 15%, Otway up 4%, Taranaki up 14%
• Available liquidity of $983 million and net gearing of 10.6%

What else do investors need to know?

Beach Energy marked a record 18 months without a recordable injury, highlighting its operational safety focus. The company completed the successful sale of its operated interest in VIC/L35, providing an upfront cash injection of $70 million and a future gas production royalty.

Oil prices provided a boost this quarter, but overall sales volumes were down 11% from Q3 mainly due to the timing of Cooper Basin oil shipments. A review of Beach’s capital management framework is underway, with an update expected at the full year results.

What did Beach Energy management say?

Brett Woods, Managing Director and Chief Executive Officer of Beach Energy, commented:

Beach finished FY26 with strong operational momentum, delivering quarterly production of 4.9 MMboe while recording no recordable injuries and no Tier 1 or 2 process safety events in the quarter. Achieving a record 18 months recordable-injury free while safely executing major offshore activities, active drilling campaigns in the Cooper Basin and daily operations across all sites, is an exceptional outcome… Quarterly revenue of $400 million, supported by strong oil pricing and another LNG cargo, further strengthened Beach’s available liquidity to $983 million and a reduction in net gearing to 10.6%, providing financial flexibility.

What’s next for Beach Energy?

Looking ahead, Beach plans to prioritise higher-return growth opportunities, with a focus on the Western Flank oil campaign, further appraisal in the Perth Basin, and new exploration targets in Otway and the Taroom Trough. The company expects further improvements in Waitsia Gas Plant production in FY27 as technical issues are addressed.

Investors can expect more detail with the full year FY26 results and FY27 guidance, scheduled for release on 6 August 2026.

Beach Energy share price snapshot

The Beach Energy share price has fallen 36% over the past 12 months, underperforming the S&P/ASX 200 Index (ASX: XJO), which is up a modest 1.35% over the same period.

View Original Announcement

The post Beach Energy posts steady Q4 production and a resilient outlook appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

There’s a popular trend among investors looking for steady returns over the longer term to avoid investing in single stocks in favour of diversified exchange traded funds (ETFs).

Recent data from ETF manager Global X shows that the Australian ETF market grew by 32.7% over the year to the end of June and that it is running at a five-year compound annual growth rate (CAGR) of 26.3% per annum.

Global X says on its website:

This growth was driven by $61.6 billion in net inflows over the past year, positive market movements, and unlisted funds converting into active ETFs. Investors poured $3.5 billion into Australian ETFs in June, but the end of the financial year month is seasonally a quieter one for the industry in terms of flows. The 2026 financial year was the best financial year ever for ETF net flows with the industry taking in $61.6 billion in FY26, up 48% from FY25. The industry has now attracted around $30 billion year-to-date (YTD) and remains on track to eclipse last year’s record $53 billion.

The reasons for this growth are not surprising. Buying an ETF which tracks an index removes the work and potential stress involved in picking stocks, while still allowing investors to invest thematically if they wish.

For those just getting started, here are three ETFs which keep it simple.

Betashares Diversified All Growth ETF (ASX: DHHF)

DHHF casts its net wide, offering exposure to about 8000 companies worldwide, with 35.1% in Australian equities, 41.5% in the US and the rest in developed and emerging markets.

Betashares says on its website:

DHHF will have a long-term exposure to 100% growth assets (shares). It is intended for use as a satellite through to standalone solution within a portfolio for investors seeking capital growth and income with a very high risk and return profile for that portion of their portfolio. A minimum investment timeframe of 5 years or more is suggested.

DHHF has returned a compound 10.48% over the past five years and has a distribution yield of 2.1% over the past year.

Vanguard Australian Shares Index ETF (ASX: VAS)

Vanguard says VAS is Australia’s largest ETF, giving investors exposure to the top 300 companies listed on the ASX.

It has a very low management fee of 0.07%, and investors can start off with as little as $200 if they invest through Vanguard itself.

Vanguard says:

The ETF provides low-cost, broadly diversified exposure to Australian companies and property trusts listed on the Australian Securities Exchange. It also offers potential long-term capital growth along with dividend income and franking credits.

Unsurprisingly, VAS’ top five investments are the big four banks and BHP Group Ltd (ASX: BHP).

Vanguard says $10,000 invested five years ago would now be worth $14,399.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

The VGS ETF has a much wider remit than VAS, with exposure to about 1300 companies from developed countries, notably excluding Australia so it doesn’t double up with VAS.

Vanguard says on its website:

Investing internationally offers greater access to sectors such as technology and health care that aren’t as well represented in the Australian share market. The ETF provides exposure to many of the world’s largest companies listed in major developed countries. It offers low-cost access to a broadly diversified range of securities that allows investors to participate in the long-term growth potential of international economies outside Australia.

The ETF’s largest holdings are in US tech companies including Nvidia, Apple, and Microsoft.

Vanguard said $10,000 invested five years ago would now be worth $18,775.

The management fee for VGS ETF is 0.18%.

The post Getting started with ASX ETFs? These 3 might be worth a look appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, Microsoft, and Nvidia. The Motley Fool Australia has recommended Apple, BHP Group, Microsoft, Nvidia, and Vanguard Australian Shares High Yield ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Lynas Rare Earths Ltd (ASX: LYC) share price is in the spotlight after the company reported record quarterly sales revenue of A$288.9 million and closing cash of A$1.2 billion for the June 2026 quarter.

What did Lynas Rare Earths report?

• Quarterly gross sales revenue of A$288.9 million, up 70% year on year
• Sales receipts reached A$297.1 million
• Closing cash and short term deposits of A$1,209.1 million
• Total Rare Earth Oxide (REO) production: 3,481 tonnes
• Average selling price hit a record A$98.2 per kg
• Cash payments for CAPEX, exploration, and development totalled A$27.8 million

What else do investors need to know?

Lynas delivered its highest quarterly revenue since Q4 FY22, buoyed by increased demand and higher prices for rare earth products, especially NdPr and heavy rare earths. The company ramped up production at its expanded Mt Weld processing plant and addressed bottlenecks at its Kalgoorlie facility.

During the quarter, Lynas launched commercial production of Samarium oxide and progressed its HRE expansion project in Malaysia. The company also announced a long-term supply and investment partnership with JS Link, which includes supporting the construction of a rare earth magnet factory in Malaysia and supplying rare earth materials under an exclusive agreement until 2038.

What did Lynas Rare Earths management say?

Interim Chief Executive Officer Pol Le Roux said:

I am pleased to present my first quarterly report to shareholders since commencing as interim Chief Executive Officer on 1 July 2026. The June quarter 2026 saw the continued focus on the efficient operation of our A$1.5 billion investment in new capacity which was completed as part of the Lynas 2025 growth initiative. This includes the ramp up of the expanded Mt Weld processing plant and addressing bottlenecks at the Kalgoorlie Rare Earths Processing Facility.

What’s next for Lynas Rare Earths?

Lynas continues to progress its expanded heavy rare earth processing facility in Malaysia, with production of Gadolinium targeted for early FY28. The company remains committed to its ‘Towards 2030’ growth strategy by partnering with global magnet makers and diversifying outside China supply chains.

Management expects strong customer demand for new products like Samarium oxide, with first orders anticipated in Q1 FY27. Lynas is also focused on further improving ore recovery and scaling production capacity to support critical manufacturing industries worldwide.

Lynas Rare Earths share price snapshot

Over the past 12 months, Lynas Rare Earths shares have risen 58%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

View Original Announcement

The post Lynas Rare Earths: June quarter earnings break records appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Dateline Resources Ltd (ASX: DTR) share price is in focus after the company reported a key legal win in its US operations, securing the right to intervene in critical court proceedings, and provided updates on its growing rare earths portfolio.

What did Dateline Resources report?

• Granted right by US District Court to intervene in the National Parks Conservation Association proceedings
• Collaboration with US Department of Justice to defend mining rights at Colosseum Mine
• Ongoing development of the Colosseum Gold-HREE Project, including drill testing
• Recent BFS for Colosseum Gold Project indicated pre-tax NPV₅ of US$785 million and pre-tax IRR of 49.5% (using US$4,200/oz gold)
• Expansion into the Argos Strontium and Music Valley HREE projects in California

What else do investors need to know?

Dateline’s favourable court decision means it can directly participate in legal proceedings that could impact its mining activities at the Colosseum Mine. This move bolsters its ability to protect its assets and future operations.

The company continues to expand in North America, having consolidated several projects in California. Recent exploration and positive BFS results highlight Dateline’s commitment to building its pipeline in the rare earth and gold sector.

What’s next for Dateline Resources?

Dateline’s management will closely follow the court proceedings and work with the US Department of Justice to uphold its mining rights. In the meantime, it remains focused on advancing its exploration and development programs across its US project portfolio.

Shareholders can expect further updates as the company participates in the legal process, progresses drilling at Colosseum, and explores the potential of the Argos Strontium and Music Valley HREE projects.

Dateline Resources share price snapshot

Over the past 12 months, Dateline Resources shares have declined 10%, trailing the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post Dateline Resources reports US legal victory appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Paladin Energy Ltd (ASX: PDN) has issued production and cost guidance for FY2027 following the successful ramp-up at its Langer Heinrich Mine, projecting uranium output of 5.1–5.6 million pounds and a cost of production between US$44 and US$48 per pound.

What did Paladin Energy report?

• FY2027 uranium production guidance: 5.1–5.6 million pounds (U₃O₈).
• Sales volume guidance: 4.8–5.3 million pounds (U₃O₈).
• Cost of production: US$44–48 per pound.
• Capital expenditure forecast: US$29–35 million.
• Average realised uranium price (forecast): US$51–103/lb, depending on market spot prices.

What else do investors need to know?

Production volumes at Langer Heinrich are expected to vary across quarters, with planned maintenance in the first half of the financial year impacting output, and stronger production anticipated in the second half as higher-grade ore is processed. Costs will trend to the upper end of guidance early in the year, mainly due to lower production rates during maintenance and the need to haul all ore from the main mine rather than nearby stockpiles.

Paladin will continue to use uranium product loan facilities for operational flexibility. As of 30 June 2026, the company had 400,000 pounds of uranium loaned, part of which will be repaid during FY2027. Actual costs related to overburden stripping and stockpile building will be reported separately on a quarterly basis.

What’s next for Paladin Energy?

The company will focus on further optimising mining and processing operations throughout FY2027. Capital spending will target tailings storage, process improvement studies, infill drilling, and completing deferred capital exploration activity from FY2026. Paladin says its contract book is well positioned to capture value from a stronger uranium market, with realised prices depending on the overall spot environment.

Management notes that guidance is based on current assumptions and may be influenced by geopolitical developments. The company intends to keep stakeholders updated as conditions evolve.

Paladin Energy share price snapshot

The Paladin Energy share price last traded at $8.56, which compares to its 52-week low of $6.03 and its 52-week high of $15.10.

View Original Announcement

The post Paladin Energy sets FY2027 Langer Heinrich uranium guidance appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

I think that ASX shares are the best choice for high dividend yields. That’s due to a combination of a generous dividend payout ratio and franking credits.

There are some great ASX shares out there that pay high dividend yields, but I’d only want to buy stocks I’m confident can provide reliable (and even growing) payouts.

Of course, dividends aren’t guaranteed. But, I’m optimistic about the future payments from these businesses and I believe the payouts will be even larger in the years ahead.

Shaver Shop Group Ltd (ASX: SSG)

Shaver Shop is a small and compelling ASX share, in my view. It’s one of the leading retailers of male and female personal grooming products.

It had 126 Shaver Shop stores at the last count and sells items like electric shavers, clippers, trimmers and wet shave items. It also sells additional product ranges like oral care, hair care, massage, air treatment and beauty categories.

You may not expect a business like this to have a resilient dividend record going back several years, but it does. Its dividend increased each year between FY17 and FY23, it maintained it in FY24 and hiked the payout again slightly in FY25. I think its earnings are more defensive than some other retail sectors.

Impressively, the last two dividends declared by the business amount to a grossed-up dividend yield of 10.5%, including franking credits, at the time of writing.

If the business continues to offer exclusive products from brands, expands its own brand (called Transform-U), and opens more stores, I think the ASX share has a very promising future.

WAM Microcap Ltd (ASX: WMI)

The other high-yielding ASX share I want to highlight is this listed investment company (LIC), which focuses on exciting, small businesses.

I think small ASX shares can be undervalued, and they’re usually earlier on with their growth journey, meaning they could outperform their larger counterparts.

I believe it’s the above dynamic that has helped the WAM Microcap deliver an average return per year of 14.4% since inception in June 2017, before fees, expenses and taxes.

LICs pay for their dividends from investment profits and profit reserves. This allowed the business to grow its annual ordinary dividend each year between FY18 and FY23, maintain it in FY24, then increase it again in FY25 and FY26.

The high-yielding ASX share expects to pay an annual dividend per share of 10.7 cents in the 2026 financial year. This projection translates into a forward grossed-up dividend yield of 10.4%, including franking credits, at the time of writing.

These aren’t the only ASX shares I’d buy for dividends, but they have two of the highest yields.

The post 2 ASX shares with dividend yields above 8% appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Wam Microcap. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Shaver Shop Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Resolute Mining Ltd (ASX: RSG) share price is in focus after the company announced the Mineral Resource Estimate at its ABC Project in Côte d’Ivoire has now reached over 3 million ounces of contained gold, up from 2.16Moz last year.

What did Resolute Mining report?

• Expanded Inferred Mineral Resource Estimate to 133 million tonnes at 0.71g/t gold for 3.0 million ounces (at 0.3g/t cut-off)
• Majority of resource within 250m of surface, with deposits open along strike and at depth
• Planned $15–25 million work programme for 80,000m of additional drilling and feasibility studies through 2027
• Currently seven rigs onsite, increasing to eleven in August to accelerate resource growth
• Focus on infill drilling, technical, environmental, social, and metallurgical studies

What else do investors need to know?

Resolute Mining’s ABC Project aims to become the company’s fourth operating mine, with ongoing drilling continuing to extend mineralisation beyond previously defined resource areas. The updated mineral resource is an important milestone, giving confidence in the long-term growth potential of the ABC deposits.

Exploration at the Moya prospect, 8km north of the main Kona deposits, has also delivered encouraging gold intercepts, suggesting possible additional future resources. Work is underway on further technical studies, environmental baseline work, and site infrastructure upgrades to support the next stage of project development.

What did Resolute Mining management say?

Chris Eger, Managing Director and CEO, said:

ABC continues to advance as a priority growth project for Resolute in Côte d’Ivoire. Since acquiring the asset last year, we have built strong momentum through exploration with the updated MRE representing a key milestone in the Project’s development pathway.

The updated MRE shows the potential scale of ABC. Importantly, mineralisation remains open along strike and at depth at both deposits, and we see clear opportunities for further resource growth through ongoing drilling.

Our focus has now shifted to the next phase of project de-risking and progressing feasibility studies. This will be achieved from the approved work programme which will include further drilling, metallurgical testwork, environmental and social baseline studies, permitting, geotechnical and infrastructure work.

ABC is being advanced with the objective of becoming Resolute’s fourth mine in West Africa and our second mine in Côte d’Ivoire. We believe ABC can be an important contributor to our strategy of building a diversified, multi-asset gold platform.

What’s next for Resolute Mining?

Resolute’s key objective is to progress the ABC Project through substantial infill and extension drilling, feasibility studies, and permitting over the next 12 to 18 months. The company aims to convert much of the resource to a higher-confidence Indicated category, moving closer to a future development decision.

The expanded work programme, including environmental and social impact assessments and site infrastructure upgrades, positions ABC as a strong growth opportunity within Resolute’s West African strategy. Investors can expect frequent updates as drilling continues and technical studies progress.

Resolute Mining share price snapshot

Over the past 12 months, Resolute Mining shares have risen 42%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Resolute Mining grows ABC Project gold resource to over 3Moz appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Westgold Resources Ltd (ASX: WGX) share price is in focus today after the company delivered record FY26 gold production of 387,354 ounces, exceeding its own guidance, and closed the year with $939 million in cash, bullion, and liquid investments.

What did Westgold Resources report?

• FY26 gold production: 387,354 ounces – above guidance range of 345,000–385,000oz
• Q4 FY26 gold production: 98,854 ounces at an all-in sustaining cost (AISC) of $2,802 per ounce
• FY26 AISC: $2,841/oz, within cost guidance ($2,600–$2,900/oz)
• Q4 underlying cash build: $233 million (before investments and other items)
• FY26 closing cash, bullion & investments: $939 million, up $575 million year on year
• No debt; fully unhedged gold production

What else do investors need to know?

Westgold achieved record annual production from both its Meekatharra and Fortnum mining hubs. The company delivered a strong Q4 performance, with growth driven by higher-grade ore and expanded mining rates at key assets such as Bluebird-South Junction and Great Fingall.

During the quarter, Westgold completed divestments of the Peak Hill and Chalice Gold Projects, simplifying its portfolio and realising around $68 million in immediate value. It also executed a $27 million on-market share buyback and continued to invest in growth and infrastructure, with $142 million directed to key projects during the quarter.

What did Westgold Resources management say?

Managing Director & CEO Wayne Bramwell said:

FY26 was a defining year for Westgold and showed our strategy is delivering results. Over the past two years, we have simplified our portfolio, focused on our highest return assets and prudently allocated capital on key projects and infrastructure that enables future growth. In FY26, this strategy delivered record annual production of 387,354oz, above our guidance range, achieved our cost guidance, and placed Westgold in the strongest treasury position in its history.

What’s next for Westgold Resources?

Westgold will provide its full FY26 financial results, dividend update, and FY27 guidance in August 2026. The company intends to update its three-year outlook at the same time, incorporating new organic growth initiatives and its evolving production profile.

Management highlighted ongoing investments in resource development and infrastructure, including expanding processing capacity and progressing growth projects. Cost control, improved mill feed grades, and operational efficiency will remain a focus as Westgold seeks to offset sector-wide cost inflation and deliver sustainable shareholder returns.

Westgold Resources share price snapshot

Over the past 12 months, Westgold Resources shares have risen 60%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

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The post Westgold Resources exceeds guidance with record gold production in FY26 appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.