Author: openjargon

The Coles Group Ltd (ASX: COL) share price has soared in the last several weeks, and it’s close to its all-time high, as the chart below shows.

Coles isn’t just a supermarket business, though that segment makes the lion’s share of earnings. Other businesses include Coles Liquor, Liquorland, Flybuys, and Coles Financial Services (insurance, credit cards, and personal loans).

Its earnings diversification is not the reason why I think the company is appealing. Instead, there are (at least) three aspects that make Coles shares even at this level.

Inflation hedge

Time will tell how much inflation flows through the economy as a result of the Middle East conflict, but it could be noticeable or even substantial, depending on how long it takes before fuel starts flowing out of the Middle East again at a normal rate.

A few years ago, Coles showed it was very willing to pass on inflation to customers (which was a boost to revenue). Perhaps the company would handle the situation slightly differently these days.

Plenty of businesses may struggle in the face of a higher inflationary period, but Coles could be a good hedge for inflation.

Even without higher inflation, I still believe Coles is capable of delivering rising revenue thanks to Australia’s growing population, its expanding own brand product range, and a growing supermarket range.  

Improving profit margins

The company’s profit margins are regularly increasing thanks to its efforts at improving its supply chain.

Each of its profit lines improved at a faster pace than the one before it. In the FY26 half-year result, it reported revenue growth of 2.5%, operating profit (EBITDA) growth of 7.8%, EBIT growth of 10.2%, and underlying net profit growth of 12.5%.

The business has invested significantly in automated distribution centres (ADCs) and customer fulfilment centres (CFCs).

The ADCs and CFCs are helping improve in-store availability, stock freshness, and efficiencies (including costs).

With the CFCs specifically, they’re delivering a “significant uplift in customer metrics”. There has been a more than 2x perfect order rate compared to the in-store fulfilment, an increase in the range of 33% compared to the average store range, and there has been a significant increase in the net promoter score (NPS – customer satisfaction).  

Solid dividend yield

At the current Coles share price, it doesn’t offer the biggest dividend yield around. But it’s at an appealing level for investors wanting passive income.

According to the projection on CommSec, it’s forecast to pay an annual dividend per share of 76.6 cents in the 2026 financial year. That translates into a grossed-up dividend yield of 4.8%, including franking credits.

The post 3 reasons why the Coles share price is a buy appeared first on The Motley Fool Australia.

More reading

• Nervous investors turn to ASX 200 defensives as global energy shock drags on
• Stagflation: How to position an ASX stock portfolio
• Buy, hold, or sell? Coles, Wesfarmers, BHP shares
• Where I’d invest on the ASX for passive income right now
• 3 reasons to buy Coles shares today

Motley Fool contributor Tristan Harrison 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.

S&P/ASX 200 Index (ASX: XJO) shares are down 0.8% to 8,697.6 points at the time of writing on Tuesday.

The market looks set to endure a sixth consecutive session in the red despite news of Iran offering the US a new peace deal.

Analysts at Trading Economics said:

Tehran reportedly signaled via Pakistan that hostilities could cease if Washington lifted its naval blockade, agreed to a revised framework governing transit through Hormuz, and provided assurances against future military action.

The US has expressed skepticism toward the proposal and is expected to respond with counteroffers in the coming days, with Iran’s nuclear program continuing to be a key point of contention.

Meanwhile on the The Bull this week, two experts give us their views on three ASX 200 shares.

Let’s check them out.

Macquarie Group Ltd (ASX: MQG)

The Macquarie share price is $231.150, down 0.4% today and up 16% over the past month.

Jonathan Tacadena from MPC Markets has a buy rating on this ASX 200 bank share.

Tacadena likes Macquarie’s diversified business operations across more than 30 markets.

Its diversification appeals to investors, particularly in volatile markets. The trading desk has been a driver of growth in previous years and we suspect it will feature prominently at the company’s full year results due in May.

We believe the company’s outlook is bright. The company’s solid track record has stood the test of time.

Macquarie is scheduled to release its full-year FY26 results on next Friday, 8 May.

Boss Energy Ltd (ASX: BOE)

The Boss Energy share price is $1.59, up 1% today and down 43% over the past 12 months.

Tacadena has a hold rating on this ASX 200 uranium share. 

The analyst said: 

Boss has cut production guidance at its Honeymoon operation in South Australia from 1.6 million pounds drummed to between 1.4 million and 1.45 million pounds drummed.

Heavy rain had impacted third quarter production in 2026 by restricting site access and limiting the delivery of goods required for production.

The share price fell on the news, but bounced in the following days, indicating the lows may be in for BOE and downside risk is lower for now.

Any good news moving forward should reward patient investors.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is $171.77, down 0.8% today and up 7% in the year to date.

Damien Nguyen from Morgans has a sell rating on the market’s biggest company.

Nguyen said: 

CBA is Australia’s strongest major bank, with a leading retail franchise and consistent profitability. However, the market fully recognises these strengths.

The shares were recently trading at a significant premium, leaving limited upside as interest rate benefits fade and competition increases.

While the business remains high quality, future returns are likely to be more modest, in our view.

With the company’s valuation pricing in a lot of good news, we see better value elsewhere, supporting a sell view.

The post Buy, hold, sell: Macquarie, Boss Energy, CBA shares appeared first on The Motley Fool Australia.

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• Down 42% in a year, are Boss Energy shares now a bargain buy?
• Experts name 3 ASX 200 shares to sell now
• These are the 10 most shorted ASX shares
• Buy, hold, sell: Brambles, CBA, and Macquarie shares
• Market alert: 2 major ASX bank shares could fall double digits

Motley Fool contributor Bronwyn Allen 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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

New research from the AFR and State Street shows that the ASX ETF market continues to grow at record pace. 

According to the report, the Australian market could grow to $380 billion in funds under management in 2026, up from about $320 billion last year and just $71 billion in 2020.

The rise of thematic investing

A significant shift that is contributing to this trend is the rise of thematic investing.

Traditionally, ASX ETFs were designed to track broad, diversified indexes like the S&P/ASX 200 Index (ASX: XJO) or S&P 500 Index (SP: .INX). 

However thematic funds focus on much more specific, niche sectors or “themes”. 

This focus can bring amplified returns when these sectors outperform the broader market, as investors gain concentrated exposure to high-growth areas. 

These can be areas like clean energy, artificial intelligence, or cybersecurity. 

However, this same concentration also introduces higher volatility and risk, particularly if the theme falls out of favour or fails to deliver on expected growth. 

Exploring which thematic funds have outperformed can give great insight into the broader economic landscape as to which industries and sectors are outperforming. 

With that in mind, here are three of the best thematic ASX ETFs over the last three years. 

Global X Semiconductor ETF (ASX: SEMI)

This ASX ETF seeks to invest in companies that stand to potentially benefit from the broader adoption of tech-enabled devices that require semiconductors. This includes the development and manufacturing of semiconductors.

It has risen more than 232% in the last three years, driven by the explosion in artificial intelligence.

Semiconductors are a special type of material that can control electricity – sometimes it lets electricity flow, sometimes it blocks it.

Because of this property, semiconductors are the building blocks of modern electronics. They’re used to make microchips, which power everything from your phone to cars to medical devices.

BetaShares Global Gold Miners ETF – Currency Hedged (ASX: MNRS)

This ASX ETF aims to track the performance of an index (before fees and expenses) that comprises the largest global gold mining companies (ex-Australia), hedged into Australian dollars.

In the last 3 years, it has risen more than 173%. 

It has risen over the past three years mainly because a strong bull run in gold prices boosted the profits of gold mining companies, whose earnings (and share prices) tend to increase faster than the underlying commodity.

VanEck Australian Banks ETF (ASX: MVB)

Put simply, this fund gives investors exposure to a portfolio of seven ASX-listed banks and financial institutions. 

This includes the big four banks. 

It has risen approximately 48% in the last three years, driven by high interest rates boosting bank profits, and solid dividend payouts attracting investors. 

The post 3 of the best performing thematic ASX ETFs over the last 3 years appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell 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.

European Lithium Ltd (ASX: EUR) has confirmed it plans to merge with its joint venture partner, Critical Metals Corp (NASDAQ: CRML), in a deal that will value it at more than $1 billion.

Significant takeover premium

Under the proposal, Critical Metals would acquire European Lithium in a scrip deal, offering 0.035 of its shares for each European Lithium share, valuing European Lithium at 58 cents per share.

This is more than a 100% premium from the closing price of 28.5 cents before European Lithium shares were placed in a trading halt last Friday.

European Lithium shareholders would own 45% of the combined company once the deal goes through.

European Lithium said in its statement to the ASX on Tuesday that the combination of the two companies would give shareholders exposure to “a NASDAQ-listed company with significantly higher liquidity and investor demand”.

It also points out that European Lithium’s largest asset is its 34% interest in Critical Metals.

As well as that relationship, the companies are joint venture partners in the Tanbreez rare earths project in Greenland, which Critical Metals owns 92.5% of and European Lithium the remainder.

The proposal is non-binding at this stage, and both companies have agreed to negotiate exclusively with one another, “to complete due diligence and execute a binding scheme implementation deed by 7 May 2026”.

Deal represents good value

European Lithium has established an independent board committee (IBC) to assess the merits of the deal.

European Lithium Independent Director and IBC Chair Michael Carter said:

This transaction will deliver substantial value to EUR shareholders, priced at a 136% premium. The combination will enable EUR shareholders to directly own interests in Critical Metals Corp. which will be strategically positioned as the sole owner of the Tanbreez rare earth project in Greenland and will benefit from substantial cash balances and a portfolio of critical minerals development opportunities.

European Lithium said the proposal was non-binding at this stage and shareholders did not need to take any action.

European Lithium said regarding the Tanbreez rare earths project that it was “an advanced, permitted asset poised to become a cornerstone in the global supply of rare earth elements for North America and Europe”.

Critical Metals also owns 100% of the Wolfsberg lithium project in Austria.

This was, European Lithium said, “a fully licensed, government-backed lithium mine built by the Austrian government and primed to play a central role in the region’s integrated lithium-ion battery supply chain”.

European Lithium shares were 57.9% higher in early trade at 45 cents.

The post This ASX lithium company’s shares have jumped more than 50% on major merger news appeared first on The Motley Fool Australia.

More reading

• Is this ASX lithium stock a takeover target? Sure looks like it
• This ASX lithium stock just exploded 12%. Here’s what sparked it

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 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.

Beach Energy Ltd (ASX: BPT) shares are under pressure on Tuesday morning.

At the time of writing, the ASX 200 energy stock is down 4.5% to $1.14.

What is weighing on Beach Energy shares?

This weakness is being driven by the release of the company’s third-quarter update, which included softer sales, a guidance downgrade, and ongoing operational disruptions.

According to the release, Beach Energy reported production of 4.8 MMboe for the quarter, which was up 7% on the prior quarter.

However, this was overshadowed by a decline in sales volumes, which fell 10% quarter on quarter to 5.3 MMboe, and a 6% drop in revenue to $419 million.

Guidance downgrade disappoints

But the main thing weighing on Beach Energy shares has been a downgrade to its full year production guidance.

Beach Energy now expects FY 2026 production to be in the range of 19.4 MMboe to 20.3 MMboe. This is down from its previous guidance range of 19.7 MMboe to 22.0 MMboe.

Management attributed the revision to a combination of factors, including weather-related disruptions, ramp-up challenges at the Waitsia Gas Plant, and cyclone-related shutdowns.

These issues appear to have raised concerns about the company’s ability to deliver consistent production growth in the near term.

Mixed operational performance

While production increased overall, the performance across Beach Energy’s asset base was mixed.

The Perth Basin delivered strong growth, with production rising 174% due to the ramp-up of the Waitsia Gas Plant.

However, this was offset by declines elsewhere. Production in the Otway Basin fell 9% due to lower customer demand, while the Cooper Basin and Western Flank operations were impacted by severe rainfall, leading to lower output.

In addition, LNG volumes were significantly lower due to one less cargo during the quarter, which also weighed on sales and revenue.

On the pricing front, Beach Energy benefited from a 19% increase in realised oil prices to A$125 per barrel.

However, realised gas prices declined 6% to $11.2 per gigajoule, reflecting softer demand and lower spot pricing on the East Coast.

Management commentary

Commenting on the quarter, Beach Energy’s managing director and CEO, Brett Woods, said:

This was a pivotal quarter for Beach, with the Waitsia Gas Plant reaching 94% of nameplate capacity, the Equinox rig returning to commence Phase 2 of the Otway offshore campaign and a final investment decision was taken on the Moomba Central Optimisation (MCO) project. Combined with strong cash generation and three new tenement awards, the third quarter marks the continued progress on our strategy.

Strong free cash flow generation, supported by one Waitsia LNG cargo and strong oil pricing, saw Beach’s financial position continue to strengthen. Revenue of $419 million contributed to an increase in available liquidity to $974 million and a reduction in net gearing to 11%, providing optionality for future growth.

The post Why are Beach Energy shares sinking today? appeared first on The Motley Fool Australia.

More reading

• Beach Energy lifts production in Q3 FY26, updates outlook
• ASX 200 energy shares lift as pessimism over Iran war deepens
• Here are the top 10 ASX 200 shares today
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday

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.

A fresh quarterly update has given Whitehaven Coal Ltd (ASX: WHC) shares a boost during early Tuesday morning.

At the time of writing, the coal producer’s share price is up 3.77% to $7.99. That follows a weaker stretch, with the stock down around 15% over the past month.

Here’s what came through in the update.

Output falls after wet weather in key state

According to the release, Whitehaven reported managed ROM coal production of 9.5 million tonnes for the March quarter. That was down 14% on the December quarter, mainly due to wet weather in Queensland.

The drop was most visible, with Queensland production falling 28% quarter-on-quarter to 4.1 million tonnes.

New South Wales operations were steadier. Production came in at 5.4 million tonnes, broadly in line with the prior quarter.

Even with the softer production result, sales held up better. Equity sales reached 6.8 million tonnes for the quarter, which was consistent with December.

Stronger coal prices help offset lower volumes

One of the more supportive parts of the quarterly update came from pricing.

Whitehaven reported stronger realised prices across both metallurgical and thermal coal during the quarter.

In Queensland, average realised prices lifted, supported by stronger metallurgical coal benchmarks.

In New South Wales, pricing also improved, with realised thermal coal prices tracking above the NEWC index.

The company noted that tightening supply, partly linked to wet weather disruptions, helped support prices through the period.

Evidently, that helped offset some of the impact from lower production volumes.

Debt edges lower as buybacks continue

Whitehaven ended the quarter with net debt of around $600 million, down from $700 million at the end of December.

The company also completed a refinancing during April, which is expected to lower interest costs going forward.

Share buybacks continued throughout the quarter, with around $51 million of shares repurchased.

That brings total buybacks for the financial year to roughly $56 million.

Currently, Whitehaven has 824.73 million shares on issue.

Full-year outlook unchanged

Management left full-year guidance unchanged.

Managed ROM production is still expected to land between 37 million and 41 million tonnes for FY26.

Unit costs and capital expenditure are also tracking within previously guided ranges.

Looking ahead, development work continues across key projects including Vickery and Winchester South.

While these are longer-term projects, they are expected to support future production as development progresses.

What the market is focusing on next

This quarter was a bit messy, mainly due to weather, but pricing did a lot of the heavy lifting for Whitehaven.

The next step is seeing whether production can bounce back as conditions improve.

If volumes pick up and prices hold, that is where things start to look more interesting again.

The post Why Whitehaven Coal shares are rising today despite a rough month appeared first on The Motley Fool Australia.

More reading

• Whitehaven Coal shares: Q3 FY26 shows steady sales, improved pricing
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• Whitehaven shares are up 80% in a year. Here’s why investors still see upside

Motley Fool contributor Aaron Teboneras 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.

Perseus Mining Ltd (ASX: PRU) shares are slipping today.

Shares in the S&P/ASX 200 Index (ASX: XJO) gold stock closed yesterday trading for $5.59. In early morning trade on Tuesday, shares are changing hands for $5.55 apiece, down 1.6%.

For some context, the ASX 200 is down 0.6% at this same time, while the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is down a steeper 2.1%.

Here’s what’s happening.

Perseus Mining shares slip despite ‘key milestone’

In a release labelled non-price sensitive to Perseus Mining shares, the company announced that it has successfully completed the first underground production blast at its CMA Underground project, located in Cote D’Ivoire.

Excavation of the first production ore commenced immediately after the blast.

The ASX 200 gold stock said that this “key milestone” for the project marks an important part of the mine’s ongoing ramp-up toward steady-state production. That’s targeted for the third quarter of FY 2027.

Perseus’ CMA Underground mine is the first mechanised underground mine in Cote D’Ivoire.

What did management say?

Commenting on the progress that should help support Perseus Mining shares longer term, managing director and CEO Craig Jones said:

The first production blast is a defining moment for Perseus and Cote d’Ivoire, representing the culmination of many months of intensive underground development, drilling and infrastructure installation.

This is a testament to the hard work and dedication of our site team and contractors, and we look forward to scaling up operations over the coming months with the higher-grade underground ore providing mill feed.

What else has been happening with Perseus Mining shares?

Perseus Mining released its March quarter (Q3 FY 2026) update last Thursday, 23 April.

Highlights for the three months included a 21% quarter-on-quarter increase in gold production to 107,144 ounces.

And, pleasingly, costs came down. The ASX 200 miner reported all-in site costs (AISC) of US$1,748 per ounce in Q3, down from US$1,800 the prior quarter.

Perseus achieved an average sales price for its gold of US$4,143 per ounce.

The miner reported third-quarter operating cash flow of US$252 million.

Turning to the balance sheet, as at 31 March, Perseus Mining held cash and bullion of US$817 million.

Looking at what could impact Perseus Mining shares in the months ahead, the miner reaffirmed its FY 2026 production guidance of 400,000 ounces to 440,000 ounces of gold. Management forecasts an AISC of US$1,600 to US$1,760 per ounce.

Atop aiming for commercial production from the CMA Underground mine in Q3 FY 2027, as mentioned above, Perseus is also targeting first gold from its Nyanzaga project, located in Tanzania, in January 2027.

Perseus Mining shares remain up 71.8% over 12 months, not including dividends.

The post Buying Perseus Mining shares? Here’s the latest big news out of Africa appeared first on The Motley Fool Australia.

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• Perseus Mining lifts gold production and maintains strong balance sheet in March 2026 quarter
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Motley Fool contributor Bernd Struben 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.

There are some ASX value stocks that could be too cheap to miss amid the current market conditions. As Warren Buffett likes to say, be greedy when others are fearful.

The business HMC Capital Ltd (ASX: HMC) has seen its share price drop 57% since May 2025, at the time of writing, as the below chart shows.

When a solid business goes through a big slump like that, it could be a great idea to jump on the opportunity while it’s still there, assuming the business is capable of growing its underlying earnings and value.

For readers who haven’t heard of this business before, it’s a diversified alternative asset manager focused on real estate, private equity, the energy transition, digital infrastructure, and private credit. It manages close to $20 billion on behalf of institutional, high-net-worth, and retail investors.

Why the ASX value stock looks like a great buy

For starters, when I’m considering a beaten-up stock, I want to see that core earnings drivers have a good longer-term outlook.

As a fund manager, a key driver is the assets under management (AUM) because that means more management fees.

In the FY26 half-year period, the business reported that its recurring earnings “stepped up meaningfully”, with management fees growing to $84.5 million – this represented a year-over-year increase of 34%.

The business also reported that between June 2025 and December 2025, its AUM increased by 4% year over year.

In my view, one of the biggest recent positive moves by HMC Capital was establishing a strategic partnership with KKR for an investment of $603 million to “realise value” in the HMC Energy Transition Platform.

It noted progress across a 5.7GW development pipeline, positioning the business to unlock substantial embedded value as key projects approach the final investment decision (FID) over the next 12 to 18 months.

HMC Capital estimates that its funds management operating profit (EBITDA) will be $85 million in FY26, with forecast 15% year-over-year growth in real estate EBITDA and 20% growth in private credit EBITDA.

Great valuation

The ASX value stock is expecting to generate pre-tax operating earnings per security (EPS) of at least 40 cents, which puts it at 6x this metric.

The projection on CMC Markets currently suggests that the business could generate actual EPS of 33.1 cents. That means the business is valued at just 7.4x FY26’s estimated earnings.

As a bonus, the dividend yield looks attractive too. It has provided guidance that it will pay a dividend of 12 cents per share, which equates to a dividend yield of close to 5%.

The post After crashing 57%, this ASX value stock looks filthy cheap with a P/E of just 7 appeared first on The Motley Fool Australia.

More reading

• 3 of the best performing thematic ASX ETFs over the last 3 years
• This ASX lithium company’s shares have jumped more than 50% on major merger news
• Why are Beach Energy shares sinking today?
• Why Whitehaven Coal shares are rising today despite a rough month
• Buying Perseus Mining shares? Here’s the latest big news out of Africa

Motley Fool contributor Tristan Harrison 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 HMC Capital and KKR. The Motley Fool Australia has recommended HMC Capital. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Deep Yellow Ltd (ASX: DYL) shares are pushing higher on Tuesday after the uranium developer released its March quarter update.

At the time of writing, the Deep Yellow share price is up 1.29% to $1.96.

While the quarter was predominantly centred on progressing its flagship project in Namibia, work also continued across its other assets.

Here’s what came through.

Tumas project moves another step forward

For the 3 months to 31 March, Deep Yellow continued advancing its Tumas Project as it moves through development.

Detailed engineering reached 68%, while bulk earthworks hit 91% by the end of March.

The company said tendering is now complete for 79% of major process plant equipment packages. This is expected to support planning ahead of a final investment decision (FID).

Work on site has included excavation, backfilling, and early preparation around the processing plant and supporting infrastructure.

Deep Yellow also noted that civil construction is expected to begin in the next quarter.

Overall, the project is getting closer to construction, with the remaining steps centred on approvals and funding.

More drilling and studies across the portfolio

Outside of Tumas, exploration activity continued across its Namibian assets.

Drilling at the Tinkas prospect was completed in March, covering 133 holes for 1,363 metres.

Results confirmed uranium mineralisation and also pointed to further potential across the broader Tumas district.

The company expects that more drilling will be needed to define a resource in that area.

Elsewhere, trade-off studies at the Mulga Rock Project in Western Australia are ongoing, feeding into an updated feasibility study.

Early pilot work has backed up earlier recovery expectations, with the company also looking at ways to bring costs down.

At the Alligator River Project in the Northern Territory, seismic surveys have helped pinpoint the best areas to target for future drilling.

Balance sheet remains well funded

Deep Yellow ended the quarter with a cash balance of $171.6 million.

That leaves it in a solid position as it continues advancing Tumas and its wider portfolio of assets.

The company said uranium market conditions remained supportive during the period.

Long-term contract activity is starting to pick up, with utilities moving to secure supply amid growing demand expectations.

Uranium prices have also held up, despite some volatility in spot markets.

What investors will be watching next

Deep Yellow’s latest update shows its flagship project continuing to move forward across a few key areas.

Engineering, procurement, and site works are all advancing and are tracking to plan.

The key things to watch will be timing and costs at Tumas as the project moves into its next stage.

The post This ASX uranium stock is powering up today. Here’s what just dropped appeared first on The Motley Fool Australia.

More reading

• Deep Yellow provies March quarter update
• Here are the top 10 ASX 200 shares today
• Why Deep Yellow, Develop Global, Resolute Mining, and Santos shares are pushing higher today
• Deep Yellow provides March 2026 exploration update
• Why is everyone buying Deep Yellow shares today?

Motley Fool contributor Aaron Teboneras 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 Greatland Resources Ltd (ASX: GGP) share price is in focus today after the company posted a record $260 million cash build for the March quarter, with strong gold output and a solid operational performance adding to a bumper closing cash balance of $1.2 billion.

What did Greatland Resources report?

• Quarterly production of 82,723 ounces of gold and 4,128 tonnes of copper at an AISC of $2,056/oz
• Sales of 97,800oz gold and 4,620t copper generated net revenue of $742 million
• Cash flow from operations was $453 million, lifting closing cash to $1,208 million (up from $948 million)
• No lost time injuries, with a 12-month moving LTIFR of 0.2
• Significant Telfer Mineral Resource Estimate (MRE) upgrade: total group resources now 14.9Moz gold & 645kt copper
• Investment of $42 million in Telfer growth capex and continuation of a record drilling program

What else do investors need to know?

Greatland remains debt-free and holds a total liquidity position of $1.28 billion, including an undrawn $75 million working capital facility. The company maintains full upside exposure to the gold price, with partial downside protection from gold put options for coming quarters.

Operationally, the company is progressing its Havieron gold-copper development, with permitting moving forward and early decline tunnel works underway, expected to de-risk long-term production. The latest resource upgrades at Telfer and O’Callaghans also increase the size and quality of Greatland’s mineral inventory, supporting ambitions for long-life mining in the Paterson region.

What’s next for Greatland Resources?

Looking ahead, Greatland expects full-year gold production to be near or above the top end of its guidance, while costs should be toward the low end of its forecast range. The business aims to advance development at Havieron and maintain a focus on extending mine life at Telfer.

Drilling remains a key priority, with the large-scale program on track for 240,000 metres this financial year. Management is also monitoring industry cost pressures, especially around diesel, but notes that Telfer’s exposure is modest and well managed via long-term supply agreements.

Greatland Resources share price snapshot

For the year to date, Greatland Resources shares have increased 46%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.

View Original Announcement

The post Greatland Resources posts record March quarter cash build and gold-copper resource growth 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.