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Why the Western Areas (ASX:WSA) share price is on watch
Aaron Teboneras | April 8, 2021 9:39am |
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The
Western Areas Ltd(ASX: WSA) share price is on watch this morning following a preliminary production update. At yesterday’s market wrap, the nickel producer’s shares closed the day $2.13.
Let’s take a closer look and see how Western Areas performed for the stated period.
How did Western Areas perform?
Western Areas share price could be on the move today after the company delivered a robust performance for the March quarter.
In its announcement, Western Areas reported a significant improvement in both mine and milled physicals at its Forrestania operations in Western Australia. The company mined 4,236 Ni tonnes, resulting in strong nickel (Ni) in concentrate production. This reflected an increase of up to 20% quarter-on-quarter.
Is this a better way to buy into the ASX mining supercycle?
Brendon Lau | March 10, 2021 10:46am |
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Our big ASX miners have surged over the past year with the
Fortescue Metals Group Limited(ASX: FMG) share price jumping 159%.
The
Rio Tinto Limited(ASX: RIO) share price increased by 50% over the same time.
Has the bulk carrier left the jetty?
That’s enough to give anyone the case of the FOMO when the
But those who loath chasing rocketing ASX share prices might find this other strategy more appealing.
Goldman Sachs have gone through the latest results from the mining sector and believe that ASX mining contractors are well placed to outperform in 2021.
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